The Bear Minimum
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Wives of two senior Bear Stearns investment bankers cancelled pricey interior-design contracts just two days after the firm announced its sale to J.P. Morgan for the fire-sale price of $2 a share. Interior designer Darren Henault said of one of the wives, “She said they're not poor, and are never going to be poor, but their capacity for discretionary income for things like window valances just went out the window,” according to the blog Wall $treet Folly.
