TAF

Bear Stearns Falls, Fed Extends Discount Window To I-Banks

JP Morgan Chase will acquire Bear Stearns for $2 per share or $236 million. This compared to a $6.73 billion value last week and a $18.7 billion value last year. Their New York headquarters building alone is worth $1.2 billion. This speaks to the ongoing crisis of confidence in credit markets, and it’s already caused