Bear Staff Try To Look On The Bright Side Of Life
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According to the news agency, some wag had taped a $2 bill to the revolving doors at Bear's New York headquarters building. One employee is said to have joked: 'Where is the $2 bill ? I might need it!'.
But there had to be one twit, didn't there (or was he just an enterprising individual, displaying all the street smart that helped Bear Stearns.....fail) ? A young property broker apparently got up early and started handing out his business cards to Bear staff as they entered their ( current ? ) place of work. 'You have to go where the business is', He said. 'A lot of these people are going to lose their jobs, and most of their wealth....They're soon going to be looking for a cheaper place to live!'.
And staying with the Bear HQ, Bloomberg is now reporting that JPMorgan is looking to move its investment banking staff in as soon as possible, and is now reviewing whether it still needs to build that monstrosity over at the World Trade Center site.
Finally, heard the one about UBS ? It now apparently stands for 'U Been Scr.wed'.
