[Toddsterpatriot]

It wasn't "trading at $2, bought for $10". It was trading at 30, the Fed ordered JP to buy it, JP valued it at 2

Traded as low as $2.84. Stock holders stomped their feet, threatened to vote against the deal, JPM upped their bid to $10.

[dynoman]

Not for more than a day, that's how fast the Fed and JP moved. The last day on the chart I posted was March 14,2008, by Monday Bear no longer existed;

"11: March 14, 2008 JPMorgan, backed by the Federal Reserve, provides an undisclosed amount of emergency financing to Bear Stearns. Bear says its liquidity position had deteriorated dramatically in the previous 24 hours. The stock plunges to close at $30.85. The average target price: $93.62.

12: March 16 & 17, 2008 JPMorgan agrees on March 16 to buy Bear for $236 million, or $2 a share, representing just over 1 percent of the firm’s value at its record high close just 14 months earlier. The deal essentially marks the end of Bear’s 85-year run as an independent securities firm. Bear shares end March 17, a Monday, at $4.81 on optimism another buyer may emerge. The average target price: $2."

JP owned Bear on March 17.