Bear sterns true value or another scandal like enron?

If the stock was trading 80 just few days ago, and suddenly JP Morgan pay 2 for each bear sterns, do not you figure that was someting hidden in the insiders or bear stern accountants, that nobody knew that the stock true value was so low, i can say that was a big scam for the investors, when they thought bear ster report gonna be sudeenly just one more bad quarter report.Bear sterns true value or another scandal like enron?
there is an insider trading investigation going on right now in JP Morgan and BSC. the rumors surfaced a day before they reported earnings that they were insolvent, so obviously someone knew and leaked the info. as to whether it was a big scam or not, it probably was but no one will get convicted; my rule with bankers is:


bankers lie, cheat, and bend the rules.





Since JPM is a Fed bank (it does the federal reserve's bidding) they should be able to complete the aquisition.





by the way please type a little slower next time, it is hard to read like this.Bear sterns true value or another scandal like enron?
Enron was out and out fraud, Bear Sterns was the result of poor management. Different causes - same results wipe out for the stock holder. Was Bear a little shady in its public statements? Yes, but most of the financials have made the same speech and then had more write downs the next week. At 2 bucks Bear is undervalued 8-12 may be more realistic but it will close for much less that that.