Ok I don't understand this deal . Is this legal? Shareholders got raped by JPM and the government here. I wasn't long BSC but if I were I would want to kill someone probably now . Seriously, if the assets were really worth less than a tenth of the market cap, wasn'this company a fraud ? Or the markets that priced it , a fraud ? The government basically gave BSC to JPM on a plate, for almost nothing. Had there been no Fed intervention, the stock would not have gapped down 80% at the open and people would have had the time perhaps to get out and cut losses. That alone is very disturbing. The US capitalism is broken, it's nothing more than a big scam. It's outrageous.