Bear Stearns, the titan of Wall Street, was once worth $20 billion. By last Friday, it's stock was selling at $30 a share and this week it was purchased by J.P. Moran for $2 a share, a total value of $236 million. They either had to sell or file for bankruptcy. How could J.P. Morgan absorb all the bad debt that's driving Bear Stearns into the sewer? Easy. The Fed is... Read More