In Today’s Economic Update, Please Buy Yourself a Hat, and Hold the Eff On to It

Because the sky is fallin’, brutha. At least it is if you’re a certain Dallas-area money manager. A hat-shopping FBvian sends along this quote from today’s WSJ article about the Bear Stearns garage sale:

“Among the [Bear Stearns] stakeholders: James Barrow, a Dallas money manager who runs the firm Barrow, Hanley, Mewhinney & Strauss Inc., is the single biggest investor, with a 9.95 percent stake, according to recent regulatory filings.”

To which we can only say: murmur.