Bear Sterns.. sold for $2 a share…

My favorite quote in regards to the final price for JPMorganChase’s purchase of Bear Sterns from the WSJ Online:

“I’ve got to think we can get more in a liquidation, I’m not selling my shares, this price is dramatically less than the book value Alan Schwartz told us the company is worth,” said a midlevel Bear Stearns executive. “The building is worth $8 a share.”

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