Bear Stearns Bag Found At Knickknack Shop
I spotted a tote bag for Bear Stearns, the investment bank that recently nearly collapsed and JP Morgan Chase purchased, on sale outside a used goods store here in Brookyln. No doubt it was pawned off by one of the many recently liquidated Bear Stearns employees in the New York area (hey, that Tivo doesn't pay for itself). I didn't check the price tag, but it was probably more than $10, which is more than can be said for a share of Bear Stearns stock. Note the new Chase bank sign reflected into the store window.
(Photo: Ben Popken)
Post a comment
Comments:
is that chase logo reflection photoshopped in, or is the picture that awesome?
The Bear Sterns bag is just a reject from the shop that made them, because they misspelled the name of Bear Stearns.
This would not win you out of the Bear Level on Katamari Damacy.
And just this week I cut up a Bear Stearns beach towel for cleaning rags. Ironic value not realized. Unless it just was.
edgy!
@famousauthor: It's "Bear Stearns". The bag is correct. The Consumerist, on the other hand...
I wasn't going to point it out because this is what the people who do deserve. (Or maybe I didn't notice.)
@Ben Popken: Tell me that I am not going to catch a reflection of a naked Ben Popken with a camera if I study the glass too carefully!
"JP Morgan Chase got strong-armed by the Feds into purchasing"
Sigh...only fools believe this kind of drivel. Morgan stands to make tens of billions from this briar patch. If only all of us were lucky enough to be "stiff-armed" like this.
@mannyv: Agreed, as well as the fools who say that JP Morgan "bailed out" Bear. Yeah, just like if you were offered to buy a new Ford for $1,500, that'd be bailing them out.
@Ben Popken: too funny. the cool, warm glow of chase neon (not literally neon, but whatever gas makes blue).
BSC was trading above $10 when you posted this, and Jamie Dimon just bought a metric buttload of them on the open market at $12, presumably to wave around in a threatening manner at the upcoming shareholders' meeting.
I just bought a camelbak backpack off ebay and when I received it there was 'Bear Stears Investment Banking' embroidered on the front... damn ebay..
I still have my Commodore T-Shirt.
I also still have a NeXT T-Shirt, but they don't count, because they're still in business.