$10 per share for Bear Stearns

On May 29, 2008, in General, by Neil Stevens

It’s $10 a share for Bear Stearns. It’s not a total wipeout, but when it’s down from $158, I’d say the moral hazard of the Fed’s actions supporting this deal is pretty close to nothing. But yet some will still call it a bail out.

There’s just no reasoning with people who play with the language like the Cheshire Cat, I suppose.


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