Looking for a gift for that special someone? How about a teddy bear, beach towel or football with the name of a recently-defunct Wall Street investment bank printed on it?
As Reuters reported, a few dozen Bear Stearns items are available for bid on eBay (pens, stock certificates, golf balls, t-shirts and even a wine-stopper set). The starting bid for this brand-new stuffed Bear Stearns teddy bear: $14.95.
“Commemorate one of the biggest and stunning collapses in U.S. history with this lovely and cute tan-colored teddy bear complete with an outfit of pants, collared shirt, Bear Stearns suspenders and neck-tie,” the description on Ebay reads.
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.