Jamie Dimon wasn't that happy 10 years ago when JPMorgan bought Bear Stearns for a song
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Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the tenth anniversary of JPMorgan's announcement it would purchase Bear Stearns for $2 per share (eventually raised to $10 per share), with assistance from the New York Federal Reserve, which formed the Maiden Lane SIV to house $30 billion in risky assets—principally loans and mortgage backed securities, which BlackRock would eventually trade to a profit.
