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by Richard Burns, President, Thomson Financial Media, American Banker, The Bond BuyerI don't think words can express our horror at the events of Tuesday, Sept., 11, 2001 - a date that will,, without any doubt, live in infamy., The American Banker and Bond Buyer offices are located at 1 State Street, Plaza - opposite the Staten, Island Ferry at the tip of Manhattan's financial district. Our employees watched the second airplane swoop in over the Hudson River to strike the World Trade Center. Some watched from their windows, others from the street. Some had just come into the city under the World Trade Center, some via PATH trains, some via subway, others in taxis. The noise, the dust, the complete horror of it all., The mother of one of our reporters, who worked in the WTC, came to our, offices looking for her son., He had gone looking for her. She waited on the street corner for him until the area was evacuated. We finally, to our enormous relief, We have temporarily relocated our operations in Manhattan to midtown, offices opposite Madison, Square Garden and Penn Station. An hour ago, people rushed from this and other buildings in the area on a rumor that there was a bomb in the station. Shortly after, word came that this building was safe - but not before many people fled and others just couldn't bring themselves back upstairs. That's the horrible, indelible corollary of terrorism: Terror., And that's why September 11, *2001-, will be a watershed date for all of us, who live and work in the, financial district in lower Manhattan and for those of us who live and, work in, the United States of America., In this atmosphere of hurt, bewilderment, fear, and loss, our thoughts and prayers go out to all those who are missing loved ones., We will do all we can as publishers, as members of the financial, community,, and as citizens to assist, that you're safe, that you're looking for a certain individual. Our Web sites will be open and free to all for as long as they're needed. Contact us directly at richard.burns
Published in American Banker (2001)
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by I don't think words can express our horror at the events of, Tuesday, September 11, 2001 - a date that will, without any doubt, live, in infamy., The American Banker and Bond Buyer offices are located at 1 State, Street Plaza - opposite the Staten Island Ferry at the tip of, Manhattan's financial district. Our employees watched the second airplane swoop in over the Hudson River to strike the World Trade Center. Some watched from their windows, others from the street. Some had just come into the city under the World Trade Center, some via PATH trains, some via subway, others in taxis. The noise, the dust, the complete horror of it all., The mother of one of our reporters, who worked in the WTC, came to, our offices looking for her son. He had gone looking for her. She waited on the street corner for him until the area was evacuated. We finally, to our enormous relief, We have temporarily relocated our operations in Manhattan to, midtown, to offices opposite Madison Square Garden and Penn Station. An hour ago, people rushed from this and other buildings in the area on a rumor that there was a bomb in the station. Shortly after, word came that this building was safe - but not before many people fled and others just couldn't bring themselves back upstairs. That's the horrible, indelible corollary of terrorism: Terror., And that's why September 11, *2001-, will be a watershed date for all, of us who live and work in the financial district in lower Manhattan, and for those of us who live and work in the United States of America., In this atmosphere of hurt, bewilderment, fear, and loss, our thoughts and prayers go out to all those who are missing loved ones., We will do all we can as publishers, as members of the financial, community, and as citizens to assist in whatever ways we can., The American Banker and The Bond Buyer newspapers and Web sites, and individuals to post important messages - whether you're informing, or seeking information. Use our media to tell people where you can be reached, that you're safe, that you're looking for a certain individual. Our Web sites will be open and free to all for as long as they're needed., Contact us directly at richard.burns&lt, at&gt, tfn.com, 212-803 *8900-, 212-, 631 9013, if you think we can help in any way., Richard Burns, President, Thomson Financial Media, American Banker, The Bond Buyer
Published in Bond Buyer (2001)
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by Gramm-Bashing, Who's to blame for the lack of tougher legislation against money, laundering? According to the media the answer is simple: Phil Gramm., A week after The New York Times reported that one U.S. senator had, killed a laundering bill last year -- which some claim could have helped, track down terrorists who use laundered cash to fund their operations --, Newsweek took its own swipe at the outspoken Republican. In its Conventional Wisdom column, Bank-industry pal single-handedly killed law to crack down on terror money. Thanks, which quoted him as saying, Though his office denied he is backing down, If what he is saying today was his only problem last year, Levin Remembered, Lawmakers and regulators last week honored Neil Levin, the former chief, banking and later insurance regulator for New York, who is missing and, presumed dead from the attacks on the World Trade Center. Mr. Levin was executive director of the Port Authority, which had its headquarters in the building., During a meeting of the Federal Housing Finance Board Wednesday, Neil was well respected, well liked, and will be sorely missed, Franz Leichter, a Finance Board director, an extraordinary person, The same day Rep. Spencer Bachus praised Mr. Levin at a hearing on the insurance industry, LaFalce in High Gear, Americans of all varieties are doing what they do best to help the, country at this time of need., Pop stars are rocking out to raise money for victims of the terrorist, attacks. Banks and other businesses are doling out cash. And Rep. John LaFalce, the ranking Democrat on the House Financial Services Committee, has become a legislation- and letter-writing machine., Since Sept. 11, the New Yorker has churned out -- or dusted off --, bills to trap money-laundering terrorists, assist small businesses with, to help the government pay, for its new war on terrorism., He's also written to President Bush, urging him to call an emergency, meeting of the G-7 nations and the international Financial Action Task, to implement a bold strategy against money, to Treasury Secretary Paul, O'Neill and Transportation Secretary Norman Y. Mineta, and to Securities and Exchange Commission Chairman Harvey Pitt, to the extent that individuals or entities have manipulated the broader markets or have successfully devised schemes to profit from acts of terror, Bond Aide to Fannie, Sen. Kit Bond's banking counsel, David Bohley, has traded the cramped digs typical of a congressional staffer for a plush office at Fannie Mae., The secondary mortgage giant hired Mr. Bohley away from the Missouri Republican to fill the newly created post of industry relations director., Mr. Bohley, a Missouri native who was a lawyer with Kirkpatrick & Lockhart before joining Sen. Bond's staff, has the task of working with bankers and their trade groups to find common ground on policy issues., EFSC Hires Director, The Electronic Financial Services Council has hired Eric Vaughn as, executive director., Mr. Vaughn's resume includes stints as a White House domestic policy adviser, the president of a national alternative-energy trade association, and an analyst at the Office of Management and Budget., Eric brings a wealth of lobbying expertise at the national level, well as trade association management and leadership ability to the EFSC at, said Steve Morrison, the chairman of the EFSC and, senior vice president of government and industry relations at Wells Fargo, Home Mortgage. The council represents financial services and technology companies, including GE Capital Mortgage, Microsoft Corp., Chase Manhattan Mortgage, Citigroup Mortgage Inc., Fannie Mae, and Freddie Mac., Day of Anxiety, For W. Page Ogden and his wife, Linda, the Sept. 11 attack on the Pentagon hit home in a special way., Mr. Ogden is the president and chief executive officer of $271.2 million-asset Britton and Koontz First National Bank in Natchez, Miss., and the couple were in Washington that day on a visit organized by the Mississippi Bankers Association., The morning the terrorists struck, Mr. Ogden was meeting with Federal Deposit Insurance Corp. officials, but Mrs. Ogden was in the White House with a tour group. Fearing the White House would be a target, authorities evacuated the building, sending Mrs. Ogden and the rest of her group scrambling into Lafayette Park, across the street from the executive mansion. The FDIC shut down its headquarters shortly thereafter. After two anxious hours apart, the pair were reunited in their hotel., None of the inconvenience we experienced could compare to what the, Rob Blackwell, Michele Heller and John Reosti
Published in American Banker (2001)
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by ANDREW ROTHWhen the Persian Gulf War broke out in 1991 and the World Trade Center, was beset with bomb threats, Morgan Stanley Dean Witter & Co. began, developing contingency plans to ensure that its business could function, smoothly if its offices there were imperiled., Little did the company imagine the enormity of the disaster that would, put its plan to the test a decade later., We realized because of those bomb threats, when we were evacuated from, the World Trade Center (in 1991), that there could come a day when we came, in to work and we would not have access to the trade center, said John, Schaefer, the president and chief operating officer of Morgan Stanley's, Morgan Stanley -- which was the largest single tenant of the World, Trade Center complex, with more than 3, 600 employees working there --, developed protocols not only for evacuating its staff from the buildings, in effect, it could elect to have all or none of its operations in the trade center., As a result of the Persian Gulf War, we realized we were vulnerable, The contingency plan got its first test with the attack on Feb. 26, *1993-, when a car bomb exploded in one of the towers' basement, killing six, Monday morning, Morgan Stanley was up and processing all its business, Mr. Schaefer said., Morgan Stanley also learned valuable lessons from the 1993 bombing, about evacuating employees, which may have made all the difference during, the terrorist attack this Sept. 11., Morgan Stanley, which had offices ranging from the 44th to the 74th, floors in the south tower, had had to evacuate nearly 3, 000 people in 1993., The Port Authority did not then provide lighting in the stairwells, So everyone opened the doorways to let light in and created a chimney effect. We had an unbelievable amount of smoke in the staircase, to ensure that people would not be left behind., Those extra precautions may have been vital Sept. 11 in deterring, workers from going back to their offices when WTC employees reportedly told, some people to remain in the building, Mr. Schaefer said., The contingency plans that Morgan Stanley began adopting a decade ago, paid big dividends as it was able to get back up and running quickly. Most important, of more than 3, 600 Morgan Stanley employees in the World Trade Center, all but six (three of them security personnel) have been accounted for., In the 18 or so minutes between the strikes by the first and second, planes, some employees had already reached an office on Varick Street, where duplicate command and trading operations had been established, Schaefer said. After the second plane hit, Morgan Stanley began evacuating all of its employees., Everything was in place and back up, all customer information and, communications were up through Dallas, and within an hour we had full, Damian Walch, a senior vice president of professional services at, Comdisco Inc., a provider of disaster recovery services based in Rosemont, Ill., said companies should lay out a clear game plan to deal with, emergencies -- even those as severe as the Sept. 11 tragedy -- before, disaster strikes. They should set up recovery teams with clearly defined roles for assessing damage, marshaling human resources, and managing the crisis, with redundant team leaders, Unfortunately, in this case we know of companies losing people on, recovery teams who didn't have backups, which creates more chaos, Walch said., both near and away from, We saw examples of people who wandered home because there was no congregation point, so it was difficult to assess who was missing and what people should do afterwards, The terrorist attacks that felled the WTC buildings were by far the, largest disaster Comdisco has confronted, Mr. Walch said, (systems or product failures) declared by 47 customers, compared with the next largest, 26 disasters declared by a handful of customers when Hurricane Floyd hit the East Coast in 1999., Mr. Walch said also that companies need to keep backups of all data at offsite storage facilities., You have a better chance of being able to recreate systems or applications themselves, But trying to back up all a firm's disparate data is not always easy, as information is recorded in numerous ways, said Larry Tabb, the vice, president in charge of the securities and investment practice of the bank, technology consultant TowerGroup in Needham, Mass. Some files are kept in desktop hard drives, some in small client-server systems, and some are even handwritten. Despite these difficulties, most large firms with newer technology try to be running within an hour after disaster strikes., We paid rent on equipment that has been mostly idle, but the ability, Mr. Schaefer said.
Published in American Banker (2001)
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by Readers of The Bond Buyer may have noticed a few changes in the look of, our pages since the Sept. 11 attacks on the World Trade Center and the, Pentagon., The changes -- the omission of boldface highlighting in our text, along, with the consolidation into one page of our standard, two-page regional, sections -- are temporary., They are the result of the ongoing disruption of some phone and data, transmission services in lower Manhattan, where The Bond Buyer editorial, office is located. Because of these problems, in an effort to ensure that we are able to continue producing the paper each day, our art department continues to work from the production plant in New Jersey where the paper is printed. We have suspended the features I mentioned in an effort to simplify the process somewhat., As soon as these remaining obstacles are eliminated, The Bond Buyer, will return to looking like the paper to which you have grown accustomed., But in some ways, The Bond Buyer, its staff, and the municipal, community will never again be as it was on Sept. 10., For me and the members of the editorial, advertising, and support, staffs who were in our offices when the horrific events of Sept. 11, unfolded, the experiences -- like those of so many New Yorkers -- were, terrifying and unforgettable., Before truly knowing the scope of the attacks, reporters and editors, here and in our Washington bureau began reaching out to municipal market, firms in and around the World Trade Center, trying to determine who might, be affected., Until just after 10 a.m., six Bond Buyer reporters and editors, along, with numerous others from both our paper and our sister publication, American Banker, were here on the 26th floor working. In my case, I was trying to coordinate with our editors and reporters elsewhere in the country about how we would publish a paper that day., It was not until after the collapse of the first of the Twin Towers at, 9:50 a.m. that we decided that we had to leave. After almost two hours in the lobby and basement of this building, and calls to editors across the country, we determined that it was probably not possible to put out a paper for Sept. 12 and decided to begin walking toward home., Along the route, dust, and smoke choked the air and thousands of, shocked people walked out of lower Manhattan. We stopped along the way to gaze in horror at the empty space in the skyline where the Twin Towers had stood only that morning. We walked, directed by an army of uniformed and plain-clothed city officials, first north and east toward the Manhattan Bridge and then north., All the while, Bond Buyer reporters working at home and in offices, across the country began the process of piecing together what had happened, who was missing, and what it might mean for the municipal market., Thanks to the tremendous efforts of the entire editorial staff --, especially art director Yamuna Ramachandran, copy chief Mark Sanborne, editors Gary Larkin, Gavin Murphy, Lynn Hume, and Sean Monsarrart, bureau, chiefs Elizabeth Albanese, Craig Ferris, Michael McDonald, Yvette Shields, Shelly Sigo, and Rochelle Williams, and the technical and operations, departments -- The Bond Buyer published eight pages on Sept. 13, and has, not missed a day since., With many on the paper's New York staff working at first from home and, later from temporary space, we have been able to inform the municipal, market of its losses, its triumphs, and the challenges that lie ahead in, the wake of the physical devastation, emotional trauma, and economic, disruption of the attacks., The close-knit municipal bond community is mourning those lost at, Cantor Fitzgerald, Keefe Bruyette, & Woods, Sandler O'Neill, the Port, Authority of New York and New Jersey, and others., But we are still in business. Issuers have sold almost $22.4 billion in bonds since Sept. 15, bringing to market some $12.3 billion since the first of this month alone and pushing the total issuance in 2001 to more than $206 billion so far, well above the $151 billion level at this time last year., Investors from across the country stepped up and placed many times more, orders than could be filled for the $1 billion in New York City's first, recovery notes sold to date., Bonds have been sold for schools, roads, hospitals, and all the things, for which bonds have always been sold., Cities, states, and the federal government are striving to address the, This is a time when the market will be called on to help governments, As it has for more than 100 years, The Bond Buyer will continue to, cover the news on the issues in the market -- those stemming from the, attacks and those that have nothing to do with this national crisis., As always, I invite our readers to contribute their thoughts on the, questions and conversations in the market to this page. I look forward to hearing from you., at&gt, tfn.com.
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by MATTHIAS RIEKERJohn G. Duffy, the co-chief executive officer of Keefe, Bruyette & Woods Inc., lost his son and his business partner when terrorists hijacked jets and slammed them into the World Trade Center towers. He's determined not to lose his company., We fully expect to rebuild our franchise in, I would hope, fairly, Mr. Duffy co-heads Keefe Bruyette with Joseph J. Berry, who is missing and presumed dead, a trader at the company., The tragedy of Sept. 11 shattered the family of financial-services, investment banking and advisory specialists -- Keefe Bruyette, Sandler, O'Neill, Marsh & McLennan, and others. And, as so starkly exemplified by Keefe Bruyette, literal families were shattered too -- parents and children, husbands and wives, brothers and sisters., In the interviews for this story Keefe Bruyette's executives addressed, more or less unbidden, the emotional issues they and other members of their, firm had encountered since the attack -- even as they provided details of, efforts to restart the firm's business operations., In the conversations -- which included Mr. Duffy, as well as Andrew M. Senchak, vice chairman and head of corporate finance, and Thomas B. Michaud, head of equity sales and trading -- three big themes emerged., At the top of the list was the help other firms provided to Keefe, Bruyette in its efforts to rebuild. Such firms include the M&A law firm Wachtell Lipton Rosen & Katz, which Keefe Bruyette counts as a friend, and many other companies currently in negotiations with Keefe Bruyette -- and, by all accounts, highly unlikely to demand any kind of haste on its part., Executives also answered questions about the prospects of its, financial-services M&A practice and about efforts to reconstitute what is, undoubtedly a unique research staff., Unlike Mr. Duffy, Mr. Michaud and Mr. Senchak were present at the firm's temporary headquarters at Wachtell's midtown offices. But Mr. Duffy's absence did not blunt his focus or his gratitude., Our friends have been critical, in terms of helping us get up and, running, I can't tell you the degree of sympathy from our clients and our, friends and everybody that we have done business with in the last years, In all the badness that had happened, Keefe Bruyette's relationship with Wachtell goes back to the 1970s., I was here Tuesday, and people came here without any questions. We have relations with other firms on the Street, To hear the executives tell it, Keefe Bruyette has already come back to, its first-half pace -- its best ever, Mr. Berry told American Banker last month., I never had any doubt that we would be back up and running. Sales and trading is open, On Sept. 18. the day Keefe Bruyette resumed trading, it set a company, Though it could have opened for business Sept. 17, the firm felt it, would be prudent to take a day to test the systems, from Boston, where the firm has another trading floor. Keefe Bruyette is currently trading in listed issues only, but it plans to trade over-the-counter again soon., Nor does Mr. Senchak expect any disruptions in the firm's underwriting schedule., On Tuesday, Irwin Financial Corp., a $3.3 billion-asset company, headquartered in Columbus, Ind., announced that is would sell $75 million, of common stock, underwritten by Keefe Bruyette, among others. Also Tuesday, Keefe Bruyette conducted a best-effort offering for Allied Financial in Chicago., We expect the investment banking business to stay within the band of, Supporting our investment banking business, we have to rebuild our listed trading and parts of our research. However, transactions in, Including the broker-dealer and insurance lines, the firm has around 20 deals in the pipeline. In addition, four fixed-income transactions are in the works, as well as one trust-preferred transaction in insurance and another in banking., David P. Lazar, co-head and managing director of investment banking at Berwind Financial LP, the investment banking affiliate of Philadelphia-based Berwind Group, said no company in negotiations with Keefe Bruyette will put pressure on it to get a deal done. Mr. Lazar, who mostly represents smaller banking companies and often sits across the table from the firm, Financial services M&A will not slow down as a result of the Keefe, there will be some, on the merger and acquisitions business., Replacing a team of traders and analysts -- such as those employed by, Keefe Bruyette and Sandler -- may be harder to pull off quickly, Wall, said one headhunter, showing respect for those not confirmed dead., Aside from traders, the attack took a particularly hard toll among, Keefe Bruyette's research analysts., Many of the company's senior research staff are among those unaccounted, for. David S. Berry, a principal and director of research, is confirmed dead. (He is not related to the firm's co-CEO or his son.), Thomas F. Theurkauf, a principal and analyst following large-cap banking companies, Mr. Theurkauf is among the missing., Also among the missing are Marni Pont O'Doherty, a bank analyst, Dean P. Eberling and L. Russell Keene 3d, who covered brokerage stocks for Keefe Bruyette., Mr. Duffy said that the research team is doing everything it can, especially as the close of the third quarter draws near, to provide at least basic coverage on the companies it follows., Keefe Bruyette is also prepared to tap into the rich resource of its, We supplied a lot of people to the Street, maybe we get some back, Among the voices of support on Wall Street was Frank Barkocy, director of research at Keefe Managers Inc., which was founded and headed, Keefe Bruyette co-founder Harry Keefe. Mr. Keefe left Keefe Bruyette in 1989 to form a separate company. Mr. Barkocy said that he has offered his own research files to Keefe Bruyette, as well as help in finding new analysts., That kind of talent, that kind of ability, I can't tell you the degree of spontaneous support we had, and sympathy from our clients, and our friends, What happened two Sundays ago, Sept. 16, was a prayer service, arranged, Keefe, which it expected around 200 people to attend. More than 2, 500 came, Mr. Senchak said. People leaving the service brought traffic to a halt in front of the church, on Manhattan's Fifth Avenue., Like other firms devastated by the terrorist attacks, Keefe Bruyette's, motivation to get things up and running quickly reflects its need to, support the families of all those lost, Mr. Duffy said., We are worried about the people. If the people are in good enough shape, The firm remains private, but ownership is spread out over many, employees -- an advantage in a time of crisis, always an issue when you have a more concentrated shareholder base, Keefe Bruyette has established the KBW Family Fund to support the, families of colleagues missing and dead., Despite our own grief, the grief of the larger family, I think it made, it all the more poignant that Tom (Michaud) got its (sales and trading), It struck me that what we had always regarded as an extended family, We think of it as an enormous underground reservoir we tapped into
Published in American Banker (2001)
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by MATTHIAS RIEKERJimmy Dunne talks about right-hand issues and left-hand issues. And when he switches back and forth between those two classes of concern his tone and demeanor change., As managing partner of Sandler O'Neill & Partners LP, Mr. Dunne, along with the rest of the firm, is in mourning for five colleagues who are confirmed dead, including Herman Sandler, a co-founder and senior managing principal. And they are focused on offering aid and support to the families of the 61 colleagues, two consultants, and two visitors still missing. And they refuse to give up hope of their recovery., On the other hand, Mr. Dunne says that Sandler and its staff are ready to rebuild and are in many respects back in business already., Sandler was located on the 104th floor of the World Trade Center's, tower two and sustained catastrophic damage as a result of the Sept. 11, terrorist attack., In an interview Tuesday with American Banker, Mr. Dunne said that comforting the families of the missing, deceased, And when Mr. Dunne talks about it, his voice takes on a strength and determination it doesn't quite have when he addresses the more personal side of the equation., Sandler O'Neill, founded in *1988-, moved into the trade center just days, before the bombing in *1993-, and because of that event, it developed a, contingency plan to store computer records and continue equity trading in, the offices of Sandler O'Neill Asset Management, a subsidiary in midtown, Manhattan., Sandler also arranged emergency space for its investment banking unit, and fixed-income sales and trading at the company's clearing agent, which, was at the time Morgan Stanley and is now Bank of America Securities, based, in midtown Manhattan., Morgan Stanley had sold its clearing business to the former NationsBank, Corp. in *1998-, and NationsBank later bought BankAmerica Corp. to form Bank, of America Corp., headquartered in Charlotte, N.C., Everybody's effort has been extraordinary in fulfilling that plan, he added. Bank of America, to Sandler, played a key role in the firm's business recovery., Kevin Browne, managing director of broker-dealer services at Banc of, America Securities and a business associate of Mr. Dunne ever since Sandler started to use Morgan Stanley as its clearing agent in *1991-, said the bond between the two companies was strengthened after the first terrorist act and when NationsBank took over from Morgan Stanley., (Banc of America Securities also had a unit of about 400, administrative employees in the trade center, and a company spokeswoman, said that three people are still unaccounted for.), Sandler always treated me as a business partner, never just as a, Mr. Browne said., But despite the help Mr. Browne extended to Sandler eight years ago, when Morgan Stanley made space available at its Brooklyn site, which remained with Sandler, and the files, which were stored at Bank of America., It would have been hard to imagine that we could accommodate and, operate effectively the operation that we are operating this week, Monday was an almost uneventful day in how we supported the business, he added., But B of A can only do so much when it comes to the larger damage, Sandler sustained., We have executed a fair amount of fixed-income transactions and a, tremendous amount of equity transactions, and we continue to work on the 15, deals we were working on and have really received a tremendous amount of, Mr. Dunne said., He added that he hopes his competitors get the same sort of support --, particularly Keefe, Bruyette & Woods Inc., which was headquartered on the, 87th and 88th floors of the trade center and has a long list of missing of, its own., when the bond market itself did, But it was emotionally valuable for the firm and the clients, We have got our tapes, a lot of our people, but we also have a level of cooperation that we never had before, That is a left-hand issue. I have done that before. That is not hard for me, Indeed, many on Wall Street shared Mr. Dunne's confidence that Sandler would be able to manage a full recovery., The initial Sandler partnership was small when they first started, that team has shown a remarkable ability to be focused on growing, I certainly sense the same type, the same kind of, energy and commitment that I saw at the early days of the firm. I would bet that they can build the firm again, Richard Bookbinder, managing member of Bookbinder Capital Management, a fund of funds, echoed that notion and said that he believes Sandler, will be able to rebuild all the components that made up the company, research as well as sales and trading., said Mr. Bookbinder, and he added that this could also prove an important component now, as the team lives on and can integrate new members., He added that the top-down approach that was part of the Sandler philosophy should make it possible for younger people to lern quickly., It was an attack on our country, on our capitalist way of life, If I say 'I' it's a mistake, this is not about Jimmy Dunne, Am I trying to do the right thing, provide the right leadership and do what we need to do? I dedicate my life to that. But the reason why we are able to do what we do for these families, for each other, and our clients, The Sandler O'Neill & Partners Foundation has already collected about, $2 million to support families of the company's employees, as well as those, of Sandler consultants and visitors to the company at the time of the, attack., And this foundation is furthering a lot of the causes of Mr. Sandler and Christopher Quackenbush (who is missing), and that is how they are going to be kept alive, Mr. Quackenbush is head of investment banking., preparing for funerals and long consolations afterward. We look for space, and we need help in all these areas, and people have been phenomenal, Sandler's director of research, is dedicating all his time to leading the effort to comfort and help families and friends, Mr. Dunne said., I do have an extended family, I have a lot of kids now. And in 20 years my children will meet children of someone who died, and what they say about my children's father, that is what I will be judged on
Published in American Banker (2001)
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