Markets

52 SHADES OF GREED: Check Out The Artistic Playing Cards That Lambaste Wall Street Executives

[credit provider=”52 Shades of Greed/ artist PJ McQuade” url=”http://52shadesofgreed.com/jack-of-heartslloyd-blankfein/”] A group of illustrators have conceptualized a deck of playing cards, dubbed “52 Shades of Greed”, that lambastes Wall Street execs and politicians for their roles in the financial crisis.”52 Shades of Greed is a deck of playing cards bearing illustrations […]
52 SHADES OF GREED: Check Out The Artistic Playing Cards That Lambaste Wall Street Executives
Markets

Jimmy Cayne Is Apparently Still Stoned

Former Bear Stearns chief Jimmy Cayne will take the stand today in Washington DC to explain why his firm no longer exists. Based on pre-released testimony, Cayne will say that Bear’s collapse was the result of  “unjustified and irrational” behaviour on the part of the market.
Jimmy Cayne Is Apparently Still Stoned
Markets

Did Jimmy Cayne Once Brag About His Treasure Trove Of Cocaine?

Former Bear Stearns boss Jimmy Cayne is mainly associated with the drug marijuana smoker and apparently, but he may have been into the hard stuff as well. Charlie Gasparino reveals in his new book, The Sell-Out (via NYMag) that Cayne was all about going on skiing trips:
Did Jimmy Cayne Once Brag About His Treasure Trove Of Cocaine?
News

Crybaby Bear Stearns Shareholder Sues For Fraud

Former Bear Stearns CEO James Cayne personally misrepresented the financial stability of the firm and induced a major shareholder to retain his shares and lose tens of millions when the bank collapsed, says a lawsuit filed in federal court in Manhattan. 
Crybaby Bear Stearns Shareholder Sues For Fraud
Markets

Jimmy Cayne Shouldn’t Be Damaging His Brain Cells

Of all of Jimmy Cayne’s indulgences, it was probably his love of the game of bridge which had the biggest negative impact on Bear Stearns during its final month. It basically turned him into an absentee CEO and chairman, as he was even playing a tournament in Detroit during Bear’s […]
Jimmy Cayne Shouldn’t Be Damaging His Brain Cells
Markets

Jimmy Cayne Was Smoking Pot For Years And Years

The world first learned that long-serving Bear Stearns cheif Jimmy Cayne liked to smoke pot from the Wall Street Journal’s Kate Kelly. So naturally now that Kelly’s new book on the demise of Bear, Street Fighters, is out, everyone is flipping through the 247 page tome looking for references to […]
Jimmy Cayne Was Smoking Pot For Years And Years
Markets

Bear Stearns’ Painful Three-Day Deathwatch

The last three days Bear Stearns existed as a firm were filled with frantic phone calls, tense meetings and high drama. Reporter Kate Kelly’s new book, Street Fighters: The Last 72 Hours of Bear Stearns, the Toughest Firm on Wall Street  is an attempt to chronicle the last days of […]
Bear Stearns’ Painful Three-Day Deathwatch
Markets

Bear Stearns’s Sexual Harassment Hush Money

There has been chatter in the past about certain female problems at Bear Stearns. Last month, Janet Tavokoli made some roundabout claims of sexism at Bear, particularly with respect to its longtime CEO Jimmy Cayne. But there didn’t seem to be much there, so to speak.
Bear Stearns’s Sexual Harassment Hush Money
Markets

Bear Stearns: Where Are They Now?

It’s hard to believe it’s only been one year since Bear Stearns went down. Back then the Dow Jones industrial average was at 12,145, Hank Paulson was warning about the moral hazard from bailouts, the chief executives of all our banks were certain that the market was underestimating their financial […]
Bear Stearns: Where Are They Now?
Markets

Cayne, With $400M Left, Still Playing A Lot Of Bridge

Where was Jimmy Cayne on this first, painful anniversary on the quick demise of Bear Stearns? Off playing bridge, according to The New York Post, who tracked him down at a tournament in Houston. “Bridge is what I do a lot, and when the weather permits I play a lot […]
Cayne, With $400M Left, Still Playing A Lot Of Bridge