Search
Friday Aug 29 2008
All times are London time
All times are London time
The 6am cut - Alphaville by email
Most Popular Posts
- Macquarie: The 'great unwind' is coming
- Further reading
- Further reading
- Britain's top export - drunks
- Charts du Jaws
- Turning Japanese? UK house prices
- Lehman's 'mea culpa' letter
- Further reading
- Lunch Wrap
- Hello? Wells Fargo? Anyone there?
- Show more...
- Show less...
Blogs we're reading
- 1440 Wall Street
- Abnormal Returns
- Alea
- All About Alpha
- Arbitrage View
- Bespoke Investment Group
- Big Picture
- Brad Setser: Follow the money
- Bronte Capital
- Calculated Risk
- Capital Chronicle
- Capitalist Resistance
- Credit Writedowns
- Crossing Wall Street
- Deal Journal
- Dealbook
- Dealbreaker
- Deus Ex Macchiato
- Felix Salmon
- Financial Armageddon
- Financial Crookery
- Fintag
- Free Exchange
- Infectious Greed
- Information Arbritrage
- Intelligent Mergers
- Interactive Investor
- Jeff Matthews
- Marketbeat
- Naked Capitalism
- Naked Shorts
- Nouriel Roubini
- Paul Wilmott
- Practical Risk Management
- Random Roger
- Reuters DealZone
- Robert Peston
- Short Stories
- Sudden Debt
- The Aleph blog
- The Epicurean Dealmaker
- The Oil Drum
- The price of everything
- Ultimi Barbarorum
- Wallstrip
Classified Jobs
- Finance and Resources Director
- Recruiter: International Accounting Standards
- Director of Finance and Corporate Services
- Recruiter: NSPCC
- Newly Qualified Accountants
- Recruiter: Ernst & Young
- Project Accountant
- Recruiter: Retail/ Private Banking
- Finance Business Partner
- Recruiter: Unilever
- Head of Operational Rigour
- Recruiter: Barclaycard International
- Financial Controller – British Gas Business (ACA, ACCA, CIMA, CPA)
- Recruiter: British Gas Business
- Head of Customer Service - Savings
- Recruiter: Nationwide Building Society
Site Navigation
Principal content
Acom Affinity Amtek bank of america barclays bear stearns Canon citi commerzbank credit agricole credit suisse cvc deutsche bank dresdner Fannie Mae FGIC freddie mac GfK gold harden's homas Cook hsbc Ikon kkr Lehman Brothers lufthansa MBIA MUFJ Ricoh Sanford C Bernstein sec siemens standard chartered Swiss Life Taylor Wimpey TNS tui ubs WPP
Bear no more
It’s a sad day but we’ll get through it, and we may be better off for it… The company that is taking us over, or is merging with us, is a first-class company… That which doesn’t kill you makes you stronger. By now we all must be Hercules… We ran into a hurricane… There’s no anger; there’s simply remorse.
Alan Schwartz, Bear Stearns CEO- Jimmy Cayne speaking at the shareholder meeting which finalised and formalised - the takeover of Bear Stearns by JP Morgan moments ago. The deal is due to close tomorrow.
- Advertise with the FT
- Press enquiries
- Student offers
- FT Conferences
- FT Research Centre
- Corporate subscriptions
- FT Group
- Partner sites: Chinese FT.com
- Les Echos
- FT Deutschland
- Expansion
- © Copyright The Financial Times Ltd 2007. "FT" and "Financial Times" are trademarks of The Financial Times Ltd. Privacy policy
- Terms
$2 then up to $10. Who will ever know what you were really worth. When your are down you are down and nobody will give a helping hand. Dog eat dog. JPM next.
Farewell
It was Jimmy Cayne who said that according to DB http://dealbreaker.com/2008/05/bear_stearns_shareholder_meeting_jp_morgan-jimmy_cayne_jamie_dimon_acquisition_approved.php
[…] Just posted in the Financial Times Alphaville blog: “It’s a sad day but we’ll get through it, and we may be better off for it… The company that is taking us over, or is merging with us, is a first-class company… That which doesn’t kill you makes you stronger. By now we all must be Hercules… We ran into a hurricane… There’s no anger; there’s simply remorse.” […]