JP Morgan did not offer to buyot BSC for $2.00 a share. What is happening is JP Morgan presented a plan to bring the liquidity ratio high enugh to insure there would be no default!!!!
$30 BILLION is the true price tag.
If Bear Stearns can raise $30 BILLION they will then tell JPM to fuck off. If someone out there wants to deposit $30 billion with BSC with a interest free loan they can buyout BSC for 4,5,6,7,8,9,10,15, or 20 dollars a share. But before the bidding on BSC starts the debt to liquidity ratio has to be fixed.
Maybe it will happen. Maybe it won't
$7.22 (03/18/08)
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