Kirby’s Letter to WSJ

Rob Kirby wrote to the Wall Street Journal earlier this week:

Kate Kelly:

Congratulations on your article, “Fear, Rumors Touched Off Fatal Run on Bear Stearns.

Quite a story you’ve written there. I especially liked all the details you paid to “lunches” – as in:

“Trays of grilled chicken and sandwiches were laid out on one side of the room, but all eyes were on Mr. Schwartz when he began speaking at about 12:45 p.m.”

and,

“Back in Mr. Molinaro’s sixth-floor conference room, he and Mr. Schwartz, who hadn’t had time for dinner, ate slices of cold pizza out of the box under a picture recalling flush times:”

Since you are so good at getting the nitty-gritty details of ‘lunch’ the right-way-around – I was amazed to see that you forgot to mention another lunch?

Bernanke Lunched With Dimon, Rubin Before Bear Rescue
Bloomberg.com: Exclusive
By Scott Lanman

May 12 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke lunched on March 11 with a Who’s Who of Wall Street leaders, including JPMorgan Chase & Co.’s Jamie Dimon three days before the central bank rescued Bear Stearns Cos. from bankruptcy.

Perhaps your pen didn’t have enough ink to write up that little detail, eh?

And since you’ve demonstrated such a penchant for detail, let us not forget this rather tiny issue which you have omitted from your laborious in-depth investigative effort:

Bear Stearns Buy-Out… 100% Fraud:
“This article is about how Bear Stearns stock was artificially collapsed so that illegal insider traders would make billions and J.P. Morgan would be paid $55 billion of US tax payer money to shore up themselves and buy Bear Stearns at bankruptcy prices.”

Anyhow, I just wanted you and all the folks over the Wall Street Journal to know just how much “we all” appreciate your timely and in-depth recounting of this tragic event.

Keep up the good work!

All the best,

Rob Kirby
Proprietor – Kirbyanalytics.com

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