Bear Stearns, one of the largest global investment banks and securities trading and brokerage firms in the world, has met its pathetic end through a fire-sale to JP Morgan Chase for about $10/share, a far cry from its $133.20/share.
Why? It's simple: Greed. Arrogance. Incompetence. Carelessness.
Its CEO and other financial "wisemen" should be in jail.
Blog 4 BrandNewCitizen