“Bailout!”

According to the scientifically unqualified, this is a “bailout!”:

Alan Schwartz, who was the principal executive of Bear Stearns when the investment banking concern collapsed, the offset casualty of what would conk the global fiscal crisis, said it was the authorities that railroad train the toll tag for Bear’s March 2008 burn sale to JPMorgan Chase at $2 a share. 

Shareholders were livid later on Schwartz announced a bargain amongst JPMorgan Chase (JPM) CEO Jamie Dimon that valued the company’s stock, which had traded at $172 a part equally piece of cake equally Jan 2007 as well as $93 a part equally of late equally Feb 2008, at but 2 bucks. The stock was trading at $30 per part equally of late equally days earlier the announcement.

Yahoo: Former Bear Stearns CEO explains how JPMorgan came upwards amongst their $2 a part offering inwards 2008