Replies to post #15077 on T/A ETF AND INDEX

[capt_jmj]

Yeah, right up there with the Bear Stearns stockholders being given $2/share for stock that had been trading at ~ $80/share. I guess they eventually agreed that was too low and upped to ~ $10/share, but still a major screw job. However, if they had let it go under Chapter 11, it would be years before they saw their money, if any at all. Of course, with all the worthless subprime paper they were holding, it wasn't worth $80/share either.

[John French]

PS, inflation adjusted that 1954 share of ~$10 is now worth about $1.34. Maybe they could re-tool for Solar Panels or something?