So it seems some people are really getting bent out of shape over this whole thing about Bear Stearns CEO Alan Schwartz telling David Faber everything was cool at the firm just a few short days before everything wasn’t cool. No one wants to let this one go– it doesn’t help that the instigators at CNBC have been playing the clip ‘round the clock– or take a second to realize that we should be APPLAUDING Alan Schwartz, not tearing him down, or wondering if his comments about BSC “practically drowning in liquidity” were purposely misleading. As a Bear Stearns executive, CEO no less, the fact that the guy even showed up to answer questions about the solvency of his own company is huge. Factor in that he was at the Breakers Resort in Palm Beach at the time, and had to actually get out of the pool and towel off, walk up to the lobby and ask someone to hold his drink while he “did a thing,” and I think you will agree with me that someone should be getting a raise. Obviously, some of you don’t see it this way. The SEC includes itself in this group of one-dimensional thinkers. Since it doesn’t look like they’ll be backing down from their little threat to investigate why Alan Schwartz said what he said, let’s just get to the bottom of it now, and move on with our lives.
d. should be “got too much sun.” Vizu doesn’t let you just click back, you have to start all over, would’ve taken a decade, etc etc etc.
S.E.C. Eyes Bear Stearns’ Comments [DealBook]
way to not respond to my request this morning for more boobs on the site.
sadly, this is not what i meant by boobs.
They bring out the boobs when it gets slow. Lately, we’ve had spitzer and then bear to keep us occupied.
What about: “Schwartz didn’t have any lawyers to advise him not to lie, since they didn’t have the money to pay their legal bills.”
Bess, I agree with you. I think you and I are the only ones who thought that it was so cool that Schwartz was in Fort Lauderdale last week assuring us that BSC had huge amounts of liquidity. I think he got the liquidity in the pool and at the bar mixed up with BSC’s liquidity.
First choice would read better as:
“A bear was, at the time, awash with liquidity”
It is rumored that Playboy will do a “Women of Bear Stearns” issue.
@ 11:45– palm beach, not ft. lauderdale. get it right.
BSC guys are a bunch of Staten Island guids who think they are hitters Im tellin ya. They walk around with the tasseled loafers its hilarious. On your first day at orientation they give you a gold bracelet, no kidding
@ 11:49 — who the fuck do you think you are…you obviously have no clue what BSC or any other firm is like-noone hires that SI trash except retail banker chopshops that like tanned greasy gasbagarinos
@11.49: actually i got a diamond ring
I’m glad to see the SEC doing a thorough investigation about the locks on the barn door now that the barn has burned and all the horses are gone. As opposed to a regulatory inquiry (what’s left to regulate?), it’s a cover-your-ass investigation meant to show the tax-paying public that the SEC is “doing something.”
How about the SEC taking a proactive look at Lehman Brothers instead?
For some reason, the anti Italian-American contingent is out this morning. @11:49, I don’t see how a guy named Alan Schwartz is a “guid.”
@12:02
Agreed, how can anyone mistake Schwartz from being anything but a fucking Jew?
What was Alan supposed to say “We’re fucked”? The truth would have just caused a faster run… Anybody with half a brain knew they were fucked anyways. And the plummet of the stock and the sale to jp for $2 was inevitable. Nothing he said on Wed (?) was going to change that.
Im not anti italian, im anti guido. big difference. To answer your question @ 11:57, Im the guy who drove in this morning in my Maserati, who are you?
Here’s a nugget for you. I’m happy for Warren.
March 19 (Bloomberg) — Warren Spector, forced out as
president of Bear Stearns Cos. last August, may have outdone his
former mentor James “Jimmy” Cayne as the 85-year-old brokerage
firm imploded.
After a spat over politics in 2004, Cayne, then Bear
Stearns’s chief executive officer, changed the company’s deferred
compensation plan, prompting Spector to sell $382 million of
stock. As of last March, his stake in the New York-based firm had
dwindled to 0.06 percent, worth about $8 million when he left.
@12:17 Seriously doubt it. The guys driving the Maseratis are not the ones with there face here.
This is a funny one, I like how this guy (clearly self-identifies) as a “professional trader”:
The comment below responds to the question we posed on Dow Jones NewsPlus:
Should Bear Stearns holders accept the $2 a share offer and why?
Please share your own views.
Email us at TalkBackAmericas@dowjones.com.
Here’s what Peter Bohlender, a professional trader who purchased shares for
himself, in Ontario, writes:
It sickens me to keep hearing how good a deal JPMorgan (JPM) has made. How is
this at all fair to me? I was lied to on Friday when I purchased 4,000 shares
of Bear Stearns (BSC).
Jews have always been anti-Italian. They’re jealous because we have better food and bigger dicks.
It’s going to be a “Naked Bear Ladies” spread in some mag.
@12:22 Warren Spector is Bear’s Lou Pai. I say that with the utmost respect. Nice hand sir.
Just got word JP Morgan will be honoring new hire contracts. This comes from an MD at Bear but obviously its just a rumor as of this moment.
@ 12:31 – Yes, we all know that what really makes a jew jealous “dick size”. Hey paulie walnuts, jews are smart. We know that we can do more with large wallets that you dopes can do with your large dicks!!
What’s funnier?
Shwartz lying or
Cayne looking for a higher bidder on BS because he f’d up and lost a ton of money??
Still he is looking to F the employees!
What an honorable scout he is.
“Ace” also got out, mostly.
“By the way, Ace, there is more to running a wall street shop than saving paper clips. But you know that now.”
@12:24 – why? Maseratis aren’t that expensive.
Schwartz is not a Jew. The tribe wouldn’t fuck this up that bad..
I know for a fact that Schwartz was born a Jew but is now married to a Christian. They had a Christmas tree at their home in Gwich last year, and no menorah.
Who besides the Bear are the 17 firms that the FBI is looking into regarding the subprime shithouse? Maybe Jimmy Cayne’s drunk ass will stay blitzed until the Feds put the cuffs on him.
Hi, Bess~
We at Vizu would like to thank you for using our polls in your column. I’d like to address the editing problem you mention, though. Vizu Web Polls do allow you to edit polls without inputing the information all over again. This can be done throughout the poll creation process, however when you get to the exporting code page, if you want to edit it, you can simply look under the Create Polls tab and click on Edit Polls. Your information is saved, and you need only edit what’s necessary.
Your current poll can still be changed in your account. I’d also be happy to change it for you if you’d like.
~Abbey Keck, Marketing Associate
Vizu http://www.vizu.com
abbey at vizu dot com
hahah awesome