In turbulent eco-nomic waters roiling with bad news, the averted collapse of high-profile Wall Street investment bank Bear Stearns has caused the greatest disturbance to date. Hobbled by the growing subprime mortgage crisis, the 85-year-old company watched its value free-fall to the point where, when JPMorgan and the Federal Reserve Board finally stepped in to save the bank from total collapse over the weekend of March 15-16, the stock had lost 98.8 percent of its Feb. 29 value. JPMorgan bought Bear Stearns for the bargain price of $236.2 million, or $2 a share.
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