Is it true: Bear Stearns collapse / JPMorgan rescue (Mar 2008)?

Partly — it's more complicated than the claim suggests.

Bear Stearns' collapse following its two failed hedge funds (June 2007) and the subsequent liquidity crisis (March 2008) are fully documented. The $30B Fed Maiden Lane LLC facility and JPMorgan acquisition at $2/share (later $10) are public record. Hedge fund managers Cioffi and Tannin were acquitted of securities fraud at trial in November 2009. Conspiracy theories attributing the collapse to coordinated naked short selling are unsupported by the regulatory record; the liquidity collapse mechanism is independently documented.