NEWS

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March 24, 2008

The climate in New York

NYTimes:"...Some Bear Stearns executives already are unloading homes. One of them called a Manhattan broker last week to put his town house up for sale. Ray Schmitz, an associate broker at Coldwell Banker Previews International who stood outside of Bear Stearns on Monday morning handing out business cards, said he received calls from two employees interested in selling." (emphasis mine).Wow and clever.