harold wolfinger: harold’s blog

bloomberg reports…has me wondering, what are the implications for everyone who had their account wiped out when the deal was originally announced…? 

Mr. Dimon had became convinced that the deal was in jeopardy after spending much of last week taking angry calls from Bear’s largest shareholders […] Moreover, Mr. Dimon, who had indignantly told associates that he would “send Bear back into bankruptcy” if the deal was struck down, was persuaded by his advisers that he had less leverage than he thought […] Such vindictive behavior, they told him, would turn into a legal and public relations nightmare.fwiw monday morning: snafu has dimon apoplectic, “the shadow banking system,”  and other analysis.

oh yeah, and the hilltop ceases operations.