March 04, 2009

$$$ but no class . . .

Here's former Bear Stearns CEO Jimmy Cayne's view on Fed Chair Timothy Geithner:

"This guy thinks he's got a big d--. He's got nothing, except maybe a boyfriend."

And this:

"You're not an elected officer. You're a clerk. Believe me, you're a clerk. I want to open up on this f---r, that's all I can tell you."

This is according to a book excerpt obtained by the Wall Street Journal. House of Cards: A Tale of Hubris and Wretched Excess on Wall Street, by William D. Cohan, is to be published in March, 2009 by Doubleday, a division of Random House.

Cayne, who is known for smoking marijuana and for playing in golf tournaments during some of the now-defunct bank's most trying times, is directing this anger at Geithner because of his role in not opening the Fed discount window before Bear Stearns collapsed.

No comments:

Post a Comment