Bear Stearns and the $2 bill

March 17, 2008

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.

3 comments so far | RSS Comments RSS

We now have Salvation By Fiat! No stockholders welcome!

Posted by j.stevens | Report as abusive

why isn’t the media publishing the fact that the deal includes $ 1 Billion in severance pay for the company employee that got the investors in such big trouble .. it should be the reverse the stockholerd should bet at least the $ 1 Billion and the employees the $ 200+ million.. and the focus of the news should be on the fact that it isn’t.

Posted by rangerrick | Report as abusive

Sell it on ebay!

Posted by Robert | Report as abusive

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see