i-banking

Banking and trading giant Bear Stearns sunk when it was announced that JP Morgan would acquire Bear Stearns for a surprisingly small amount of about $2 per share. Some students expecting to work at Bear Stearns believed that their jobs would be secure, only to have their offers officially revoked in April.

A select number of students are investing in the stock market individually, in pairs, or sometimes in small groups, pooling capital and know-how in hopes of pulling out high returns. Amid economic downturn, the group claims to be doing quite well.