As long time readers of DealBreaker know, our site is blocked by Bear Stearns. Alone among Wall Street firms, Bear Stearns refuses to let its employees—at least those in the New York offices—read DealBreaker. It seems strange that any financial firm would want to cut its employees off from commentary and information—however irreverent and occasionally smutty—available to its competitors. But that’s what Bear Stearns has done.
We never got a satisfactory answer from Bear Stearns about why they had decided to jam the signal from DealBreaker’s bunker. Was it in retaliation for something we had written about the firm? Did we pay too much attention to the collapse of those hedge funds? Or was it the golfing and the dope smoking? Maybe Bess Levin was just too edgy for the famously delicate sensibilities of Bear’s bond traders.
We were told, at some point, that Bear had blocked us because our comments section was a breach of their internal confidentiality controls. They block every site that allows comments, Bear claimed. But this just isn’t true. You can comment on the Wall Street Journal’s DealJournal and on the New York Times’ DealBook. Neither the Times nor the Journal are blocked. So there must be something special about DealBreaker.
Whatever it is, Bear wasn’t willing to share. We tried raising this scandal to higher-ups at Bear but the management was, it seems, too “hands off” to get involved with what everyone kept telling us was an IT issue. So, with a new CEO taking office, we’re asking: Will Bear Stearns unblock DealBreaker? Or will they at least provide a credible answer about why they block us?
We won’t go through the litany of stories we’ve broken on this site or the market moving rumors we’ve been the first to make public. But we will say that we’re not exactly inspired by the competence of a firm that thinks it’s a good idea to make employees wait to hear the word on the street from someone who picks it up from DealBreaker a day or two later. Also, it hurts our feelings. We're here, risking our lives each and every day, for our readers. Blocking the site just seems rude. If the new CEO wants to make a splash, he might start by removing this weird dam in flow of information to Bear Stearns.
Come on, Alan. What are you afraid of?






Posted by I'm a dude , Jan 09, 2008 1:45PM
thats carney for you. always taking the high road.
Posted by Alan Schwartzzz , Jan 09, 2008 2:02PM
I will unblock your site as soon as it's worth reading.
Posted by 1-2 , Jan 09, 2008 2:08PM
To continue my movie quote day (and in response to "jamming the signal":
Peion: "Sir, the radar's been jammed"
Dark Helmet: "Jammed?"
Peion: "Yes sir, Jammed...Rasberry"
Dark Helmet: "Raspberry jam? Only one man dare use Raspberry jam! Cayne!"
Posted by Mr. Brown , Jan 09, 2008 2:12PM
Poopies!
Posted by Saw in on the web , Jan 09, 2008 2:26PM
For those who love to see the beauty of Maria Bartiromo, regardless of your personal opinion of her, search vegasmagazine.com. She is celebrity cover and you thought she was going there to report CES for CNBC.
Posted by fistf*cker , Jan 09, 2008 3:12PM
I know one thing that keeps Schwartz up at night, that it might soon be apparent that Warren Spector was more qualified.
Posted by slimjim , Jan 09, 2008 3:15PM
Alan Schwartz is a complete ---. A case of Mikes to the one who fills in the blank
Posted by Clyde , Jan 09, 2008 4:08PM
Trying to confirm if Goldman is blocked as well....we need to save them if this is so...
Posted by Fake Jeff Skilling , Jan 09, 2008 4:12PM
I hear that they might block Dealbreaker where I am now.....
Posted by Ursa minor , Jan 09, 2008 9:40PM
Come on, they hired him because he LOOKS like a CEO. Isn't that part of the Dilbert principal?
Posted by The Ghost of Warrens err Spector? , Jan 10, 2008 6:23AM
It was all due to some english chap who goes by the Name "The Unrepented Gunner" or some such nonsence.
That and we are holding out for a racy photo of Bess. Post that and I will give you my word it will make it's way back to the trading floor at 383.