04/27/2008 05:12 am ET Updated May 25, 2011

Bear Stearns's New Hires Become Job Seekers

Thousands of people are losing their jobs on Wall Street -- some before their first day of work.

They polished résumés; they sweated interviews; they landed dream jobs. But now a small group of college and business school students are discovering that their careers at Bear Stearns ended before they began. JPMorgan Chase, which bought the beleaguered investment bank last month, rescinded many of their job offers.

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