Government Ruins Jimmy Cayne’s Cinco de Mayo

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Photo: Everett Bogue; Corbis

If the Man was looking for a way to hurt Jimmy Cayne, this was the way to do it:


"James Cayne and Alan Schwartz, who served as chief executive officers at Bear Stearns before the firm collapsed in 2008, will testify on May 5 along with former Securities and Exchange Commission Chairman Christopher Cox, the commission said today in an e-mail statement."

So much for kicking back with a doobie and some Buffett (Jimmy, not Warren).

Geithner, Bear Stearns Executives to Testify for Crisis Panel [Bloomberg]