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Who said there is no free lunch in Wall Street ?
polishd | March 17, 2008 at 03:26 pmby
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Most banks are trading lower with the notable exception of JPMorgan.
Current increase in market cap after the Bear deal: around $11 billion
I will add that this number happens to be very close to Bear Stearns book value.
It is actually more like 13B by the end of the trading day