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Message: OT: Looks like JP Morgan will be buying Bear Stearns

OT: Looks like JP Morgan will be buying Bear Stearns

posted on Mar 16, 2008 02:09PM
The deal is supposedly being finalized and may be announced as done by tomorrow morning.  JP Morgan apparently did not have a large exposure to subprime, et al.   JPM is also 80 times the size of Bear Stearns in terms of market cap. 
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