IS this the start of a trend ?
IMO This could trigger a run on major banks.
http://edition.cnn.com/2008/BUSINESS/03/16/stearns.morgan/Story Highlights
Acquisition values Bear Stearns shares at $2; Shares closed Friday at $30
U.S. Fed providing financing for up to $30 billion in Bear Stearns assets
Bear Stearns was facing "run on the bank" on Friday
Deal, if approved by shareholders, will close in June