A week ago, I wrote in a comment that if you wanted a conspiracy theory about the collapse of Bear Stearns, to look at how the bidding went from $15 to $2 in the closing round when the Fed (allegedly!) let BofA in on the fact that they were bidding against themselves. This way, I reasoned, when BSC eventually sold for $4 or more, it'd be a feel-good comeback story.

Anyhoo, today brings the news that BSC will sell for $10, which means my cynicism, for once, significantly undershot the target.