Selection Sunday had more than just your typical surprise snubs this year. It also included a major fall of one of the largest U.S. financial institutions; Bear Stearns. It appears that the Company was not happy about the tournament seedings and decided to lose all its money. The CEO strongly disagreed with the selection committee's decision to not include his alma mater Yale University. He thought it was a safe bet. Literally. He was, of course wrong. Just like taking on billions of dollars of sub-prime home loans made on overvalued houses to under-qualified buyers. Guess that one didn’t work out so well either. Oops.
No one has seen a plummet this big since the Mets last season. It's left people yelling "SHOW ME THE MONEY!" And not in a funny Jerry Maguire kinda-way.
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