18 years ago today, Bear Stearns collapsed

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Kind-1 (TextNote)

2026-03-17T10:33:05Z

18 years ago today, Bear Stearns collapsed

At its peak, it was one of the most powerful banks on Wall Street with a valuation of $20B

Its collapse set off a crisis that wiped out $19 trillion in American household wealth:

• 85-year-old bank → erased in 72 hours • Stock: $170/share → sold for $2 to JPMorgan • Employees: 14,000 → retirement accounts wiped overnight • The Fed brokered the emergency deal over a single weekend • This was just the beginning → Lehman fell 6 months later

even 500 300 200 year old empire can vanish just like that !!!

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