Tuesday, March 18, 2008

Bear Stearns Mystery Caller

I was just reading the JP Morgan - Bear Stearns transcript and read toward the end an exchange from a mystery caller that the transcript identified as an individual investor called "Brian."

Brian

I was just wondering how this valuation helps the Bear Stearns shareholders as they go through Chapter 11 and the orderly liquidation of the assets of the company?

Answer

I’m afraid you’d have to ask that question to Bear Stearns.

Brian

I vote not to approve this sale.

A disgruntled employee perhaps?

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