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Published 20 months ago
JPMorgan Chase is paying just $236 million for Bear Stearns, whose building alone is worth $1 billion plus. Why that’s scary: The Fed was desperate to find someone to take over Bear, and the only bank strong enough to do it was able to cut a great... more
JPMorgan Chase is paying just $236 million for Bear Stearns, whose building alone is worth $1 billion plus. Why that’s scary: The Fed was desperate to find someone to take over Bear, and the only bank strong enough to do it was able to cut a great deal, says MSN Money s Jim Jubak. Hear more from Jim Jubak, the Webs #1 investing columnist, on MSN Money: http://tinyurl.com/35smkp less
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