Re: RIP, Bear Stearns
Mutual funds are just pre-diversified portfolios that you can buy into. If anyone has a mutual fund that is a bit more active than passive and happened to be invested in Bear Sterns, they are pissed.
I don't understand though - did J.P. Morgan do a force buyout and then send people checks for $2 per share or are those stocks still active but under new ownership?
In the first case that stinks. In the second case it probably isn't that bad. Anybody know? Has this already been discussed?
Last edited by ICantSpellDawg; 03-17-2008 at 21:59.
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