In the end I wonder how the BS investors feels about the company that they were told was sound by all that is now worth significantly less. The investors got screwed big time here! Quote from VRtrader:

"JP Morgan in effect committing grand larceny in getting Bear Stearns for $2 share caused quite a bit of negativity toward financials in the early going. Bear's book value at the end of the 4th quarter 2007 was $84/share."

And they say that bottoms are often found during these uncertain times, but some are saying that we have yet to see the washout (capitulation) that marks a bottom. Is the other shoe waiting on the side lines to drop and was the BS story just a sign of unpleasant events yet to come. Some say yes...can you say Lehmen Brothers anyone...