Think the Bear Stearns meltdown isn't affecting you? You might want to check your investments before you answer.
Large mutual funds commonly found in 401(k) plans have invested hundreds of millions in the battered bank, which is being purchased by JPMorgan Chase for $2 a share — a fraction of its price last week.
As Bear Stearns stock plunged and the financial market shuddered, these funds also saw declines.
"I'm sure there are people who don't realize how badly they're impacted...Full Story