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. But JPMorgan said the price tag would total about $6 billion to account for litigation and severance costs.