.
-as of [4 AUGUST 2024[-
.
.
*former NYSE ticker symbol BSC*
.
-the [bear stearns companies incorporated] – based in NYC – was one of the largest ‘global investment banks’ and ‘securities trading/brokerage firms’ prior to its sudden [collapse / distress sale] to ‘JPMorgan Chase’ in [march 2008]-
.
Bear Stearns pioneered the securitization and asset-backed securities markets, and as investor losses mounted in those markets in 2006 and 2007, the company actually increased its exposure, especially the mortgage-backed assets that were central to the subprime mortgage crisis.
In March 2008, the Federal Reserve Bank of New York provided an emergency loan to try to avert a sudden collapse of the company.
.
(the company could not be saved, however, and was sold to JPMorgan Chase for as low as ten dollars per share, a price far below the 52-week high of $133.20 per share, traded before the crisis, although not as low as the two dollars per share originally agreed upon by ‘bear stearns’ + ‘jpmorganchase’)
.
.
*👨🔬🕵️♀️🙇♀️*SKETCHES*🙇♂️👩🔬🕵️♂️*
.
.
.
.
.
💕💝💖💓🖤💙🖤💙🖤💙🖤❤️💚💛🧡❣️💞💔💘❣️🧡💛💚❤️🖤💜🖤💙🖤💙🖤💗💖💝💘
.
.
.
.
🔥🔥🔥🔥🔥🔥*we won the war* 🔥🔥🔥🔥🔥🔥