Only about a year ago, Bear's stock was trading at $170 per share. Obviously, many Bear investors lost heavily on this sale to J.P. Morgan. Here's a look at some of the top 10 holders of Bear who took a big hit on their wallets, according to CNBC.com:
- Wilimington Trust
- Barrow, Hentley Mewhinney, Strauss
- Joseph Lewis
- Jimmy Cayne
- Legg Mason
But the fire sale forces some to wonder the obvious questions such as those posed by Peter Morci, business professor at the University of Maryland: "Which of the big banks will be next to fail? How many more banks will fail? Will the whole system turn to panic if Citigroup unwinds?" - Gerald Magpily
See TheDeal.com: J.P. Morgan to buy bear Stearns
JP Morgan, Bear Stearns conference call recap
J.P. Morgan-Bear Stearns advisers
