The big question this morning, Monday, is whether Bear Sterns will go bust: or have they found someone to buy them?

The answer is that JP Morgan will buy Bear Sterns for $2 a share..

Stocks tumble and gold at record after Fed cut
Reuters UK – UK
N: Quote, Profile, Research) will buy US investment bank Bear Sterns
for just $2 a share in scrip. Investors said the acquisition of Bear
Stearns only …

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Bear Sterns acquires injection from Fed and JP Morgan. Fed cuts …
FXstreet.com The Foreign Exchange Market – Barcelona,Spain
In other news, Bear Stearns received emergency funding by the
Federal Reserve and JP Morgan on Friday. In US share markets the NASDAQ was
down by 51.12 …

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JP Morgan to buy Bear Stearns for $2 a share. [more]
Gothamist – NY,USA
In the banking equivalent of the Enron meltdown that left thousands of
employees unemployed with their savings decimated, Bear Sterns
agreed to sell itself …

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JPMorgan Closer To Buying Bear Stearns
CBS News – New York,NY,USA
The government, which on Friday helped facilitate a deal to provide funding
to Bear Stearns through JPMorgan, continues to monitor the situation
closely. …

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Bear Sterns: How Apt
Lew Rockwell – Burlingame,CA,USA
Writes Brett Eastman: "With regard to your blogpost about Bear
Stearns, I think it is particularly apt that it’s this bank which
is the first major one to …

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CITIC may not proceed
Sky News Australia – Australia
Bear Sterns may have more worries with CITIC Securities saying it
may not proceed with a deal to invest $1 billion, due to the bank’s
financial crisis. …

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Mortgage hike alert after US bank crash
Scotsman – United Kingdom
With international money markets virtually frozen after the crisis
affecting the US bank Bear Sterns, mortgage lenders – themselves
struggling to borrow …

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China’s Citic Securities won’t guarantee final deal with Bear Stearns
International Herald Tribune – France
AP SHANGHAI: China’s Citic Securities Co. said late Sunday it cannot
guarantee it will reach a final agreement to buy into US investment bank
Bear Stearns …

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Paulson defends Bear Sterns rescue
CNN International – USA
WASHINGTON (AP) — US Treasury Secretary Henry Paulson on Sunday defended
the Federal Reserve’s decision to help rescue Bear Stearns Cos.,
the teetering …

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Official seeks to calm US markets
The Age – Melbourne,Victoria,Australia
Doing the rounds of the US Sunday morning talk shows, Mr Paulson also
defended Federal Reserve’s bail-out of Bear Sterns, one of
America’s largest …

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Bear Sterns: A Lose-Lose for the US
 By Pat

Bear Sterns, the biggest player in the subprime mortgage crisis,
agreed today to sell itself to JPMorgan for an astounding $2 per share.
The deal was set up by the Federal Reserve, which feared that Bear Sterns’ failing to find a buyer …


Patrick Stack | Online Media – http://patrickstack.com

Bear Stearns
 By admin

JP Morgan is going to devour Bear Stearns for $2.00
per share (another article). That’sa meal folks not a rescue. After the
steroid and credit crack-rush wore off the end came suddenly in the
last year of the 85 year old bank’s history. …


Bank-Implode! – http://bankimplode.com/blog

Outrageous – Taxpayers Bail Out Bear Stearns; JP Morgan Buys for …
 By Richard Blair

On Friday, it was announced that JP Morgan Chase Bank was acting as an intermediary to bail out the financial investment bank Bear Stearns, and essentially funneled billions of dollars from the US Federal Reserve (read: you and me) to …


All Spin Zone – http://allspinzone.com/wp

Bear Sterns is Given Away – World Markets in Deep Credit Fall
 By admin

You thought the housing market is bad, the credit crises continues its
amazing downward spiral. The fear is this type of swift meltdown is
just the beginning. From a multi billion dollar company (24 billion at
its 52 week high) to be …


HATE.info – http://www.hate.info

Jp Morgan Chase to Buy Bear Sterns
 By donviti

NEW YORK – JPMorgan Chase says it will acquire rival Bear Stearns in a deal valued at $236.2 million, or $2 a share. After days of denials that it had liquidity problems, Bear was forced into a JPMorgan-led, government-backed bailout on …


DelawareLiberal.Net – http://www.delawareliberal.net