Bear Stearns and the $2 bill
Around 6.30 a.m. on Monday a group of young Bear Stearns employees gathered around a side entrance of their Manhattan headquarters, laughing. They were looking at a $2-dollar bill taped above the Bear Stearns logo — some gallows humor on the bargain-basement price per share that JPMorgan agreed to pay for the troubled investment bank.
“That’s the money shot,” joked one employee, as I took a photo worth way more than a thousand words.
As a bonus, as I was calling my office the cleaners arrived; they overheard my conversation, and offered me the bill as a keepsake.