JP Morgan Bought My Bank And All I Got Was This Lousy T-Shirt

By

With thousands of Bear Stearns employees losing their jobs and thousands more bearing ill-will toward their soon to be former employer, you might suppose that their wouldn’t be much demand for Bear Stearns memorabilia. But you’d be wrong.
Shirts, hats, coffee mugs and umbrellas with the firm’s Bear logo sold “like hotcakes” in the sale held in Bear Stearns second floor cafeteria, according to Mark DeCambre. Staff lined up to purchase the goods. Some of this might be nostalgia for the storied Wall Street institution that is expected to meet it’s final end when JP Morgan Chase wraps up its acquisition of Bear Stearns in early June. But we’ve noticed a definite uptick in Bear Stearns items on Ebay, suggesting that some Bear employees might have more pecuniary interests in mind.

Bear Holds Fire Sale [New York Post]
Earlier: Our Self-Respect: Priceless, Bear Stearns: Suddenly Now Stylish

    Sign up for the Dealbreaker newsletter

    Subscribe to our free daily email and get breaking news, financial headlines, commentary, and analysis from Dealbreaker.

    — Advertisement —

    Comments (13)

    1. 1
      Posted by guest | May 21, 2008 at 2:27 PM

      Didn’t Gasbagarino get a big advance (on what is likely to be another shit book) about this whole non-sense. Maybe Jimmy Cayne will buy a copy for his former employees. Of course, by the time the book finally comes out, we will be off to the next story and the book will be worth less than the T-shirt.

    2. 2
      Posted by guest | May 21, 2008 at 2:56 PM

      Anyone remember the address of Bear’s office downtown before 383? Random yes, but whatever, I’m feeling nostalgic.

    3. 3
      Posted by guest | May 21, 2008 at 3:04 PM

      Before 383 they were on park ave, east side beween 46/47. Building where Django is. Were they downtown before that? You must be feeling really nostalgic.

    4. 4
      Posted by guest | May 21, 2008 at 3:25 PM

      They were on Water Street.

    5. 5
      Posted by MGR | May 21, 2008 at 3:32 PM

      245 Park Ave

    6. 6
      Posted by guest | May 21, 2008 at 5:37 PM

      “expected to meet it’s final end”?
      nice.

    7. 7
      Posted by guest | May 21, 2008 at 6:50 PM

      Does anybody know for sure if the ‘Bear Stearns’ name will survive the takeover? A subsidiary of JPM perhaps? Or will the bear just vanish?

    8. 8
      Posted by counterclockwise | May 21, 2008 at 8:33 PM

      Yeah, @6:50pm, I’ve wondered that, too. Well, sooner or later we’ll get the word out of the Kremlin.

    9. 9
      Posted by guest | May 21, 2008 at 11:09 PM

      at the JPMorgan tech conference this week they had two Bear “kiosks.” i didn’t pay them much mind or investigate but at first glance it appeared to be some type of risk management product…ironic. I believe the product started w/ an X but dont recall the exact name.

    10. 10
      Posted by guest | May 22, 2008 at 8:44 AM

      I used to keep my B/S golf shoe bag inside out to hide the logo. Now the logo is out, loud and proud. The logo became fashionable on March 17 and should be good through mid-June.

    11. 11
      Posted by guest | May 22, 2008 at 8:44 AM

      I used to keep my B/S golf shoe bag inside out to hide the logo. Now the logo is out, loud and proud. The logo became fashionable on March 17 and should be good through mid-June.

    12. 12
      Posted by guest | May 27, 2008 at 2:02 AM

      For something really cute and memorabilia… goto
      http://www.bearstearnslives.com

    13. 13
      Posted by guest | May 27, 2008 at 2:02 AM

      For something really cute and memorabilia… goto
      http://www.bearstearnslives.com

    Leave a comment

    You can log in with your account or comment as a guest below.

       or