Bear Stearns Employees Bear the Bad News Sternly

Well hopefully it won' be as bad as they reports are saying. A couple of my wife's classmates have signed with Bear Stearn for summer internships, so hopefully the merger will either not involve tons of layoffs, or at least take through the summer to start. That said, it still wouldn't bode well for the interns. Regardless, only time will tell for the interns and the employees....

The cheerful sound of bagpipes floated over from the jubilant Saint Patrick's Day parade a block away on Fifth Avenue. But for the beleaguered employees of Bear Stearns, they may just as well have been playing a funeral dirge.

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