An Emergency Re-Thinking of Advisors and Lenders: Time to Move Away from the Bulge-Bracket Banks?

Do you have a Bear Stearns banker intermediating or financing your current deal?

Did you get an "Everything's fine, relax..." call on Friday evening after your frantic calls to him went unanswered all day Thursday and Friday?

Did you then heave the breakfast across the room when you opened your FT or WSJ early Monday morning? Put your fist through the wall? Bang your head on the table?

Or, maybe you have another big-bank doing your deal and you're growing a plate-sized ulcer waiting for them to go the way of Bear?

Or, maybe your big-bank thinks it can "rescue" these cancerous CMO/CDO pariahs without taking a disastrous hit themselves?

If so, welcome to the surreal Edgar Alan Poe-like foreseeable future if you use bulge bracket advisors and lenders...