Don't Believe The Hype

• Two BS hedge funds faced turmoil in June and July as mortgage securities they held dropped.

• CEO James Cayne took long golfing weekends and spent 10 days at a Tennessee bridge tournament during the crisis.

• Bear officials dismiss any suggestion the 73-year-old CEO might not be fully engaged.

• Word.

• When you're a Wall Street titan like Bear, you sneeze and the world catches the cold; must I remind you of the WSJ headline from a few weeks back: "Market Swoons As Bear Stearns Bolsters Finances"?

Yeah, so Don't Believe The Hype.




























CAYNE'S UP IN SMOKE OVER HIGH FINANCE {NY POST}

Bear CEO's Handling Of Crisis Raises Issues {WSJ}

CEO of Crisis-Hit Bear Denies He Used Marijuana {WSJ}