Very interesting "behind-the-scenes" look of what happened to Bear Stearns: http://dealbook.blogs.nytimes.com/2008/03/18/saving-wall-st-for-now/
Don't feel sorry for Bear though, when Long Term Capital Management needed to be bailed out in the late 90s, Bear was one of the banks that turned their backs.
Still, it's amazing that Bear's offices are worth $8/share and yet the whole company (including the offices) only fetched $2/share
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