JPMorgan to buy ailing Bear Stearns for $2 a share

• "a stunning collapse for one of the world's largest and most venerable investment banks."
• "JPMorgan's acquisition of Bear Stearns represents roughly 1 per cent of what the investment bank was worth just 16 days ago."

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Now I am starting to get scared, this is starting to get really ugly!! Is tomorrow going to be another "Black Monday"!!!??? Are we in for another Great Depression??

I will go as far to say that there will be some very sad looking bank stocks after tomorrow.