The Bear Stearns collapse seems to be raining hard on former Bloomberg administration officials Emily Youssouf and John Crotty, the former president and vice president, respectively, at the city’s Housing Development Corporation who left their municipal jobs last year to start an affordable housing finance division at JPMorgan Chase.

Bond Buyer today reports that Ms. Youssouf and Mr. Crotty are out at JPMorgan, as the banking giant is said to be bringing in Bear Stearns’ housing team. From the story:  read more »

JPMorgan Chase's takeover of one-time investment giant Bear Stearns just got that much messier.

The Wall Street Journal reports today that 383 Madison LLC, the owner of the land on which Bear Stearns built its headquarters at 383 Madison Avenue, is suing Bear Stearns for violating a written agreement that allows the LLC to get first dibs on the building in the event of a sale:  read more »

Governor Eliot Spitzer said the cantilever on the JPMorgan Chase building would let you play chess in the rain. Here’s another, um, "advantage": lighting a church from the heavens.

Anthony Shorris, the executive director of the Port Authority of New York and New Jersey, said today that the overhang would extend out over the St. Nicholas Greek Orthodox Church that is supposed to be rebuilt at the southwest corner of Liberty and Greenwich streets.  read more »