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March 17, 2008

A billionaire no longer after Bear Stearns collapse

Britain’s Joseph Lewis had spent $1.1 billion building his stake in Bear up to 9.6 percent.

Much of Lewis’ buying was at the $100 or more mark, meaning his $1.1 billion is now worth about $25 million.

Well, that’s still plenty of non-spilled milk to cry over.

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