AIG Bail Out

NEW YORK - A used T-shirt bearing the Bear Stearns logo has sold for $151.76 online, worth about 14 or 15 shares in the once venerable Wall Street investment bank.

Bear Stearns shirts and other trinkets have been snatched up in recent days on eBay’s Internet auction site. (more…)

Wow. What a fool. Bear Stearns ended up at $2 a share!


UPDATE:
Jim Cramer Responds To Bear Stearns Collapse, AFTER BAD PICKS!

The company is being sold for just $236 million. The deal’s value is more than 90 percent below the company’s Friday closing share price of $30.85. (more…)