Yes this is going to hit hard for the still invested share holders but don’t look at the top dogs to have been hit so hard, they’ve known for some time the stock was over valued and to get out as much as they could early on.
The execs who drove the concern into the ground get golden parachutes and medals of freedom not the jail time they so richly deserve and the average working stiff gets the shaft in destruction of trust in public institutions and lowered services while being pick pocketed by taxes.
They contributed to the evaporation of confidence and thus, the sinking of Bear. This is far from over and the friends I have in the finance area are all scrambling to hold on to their shirts in the wake of more to come.