Cayne: Bear Stearns Was Just Like a ‘Big Fat Goose’


I heard the same rumors as everyone, that hedge funds are gathering together, and there was an uptick rule, and all of that was the picture of a big fat goose waddling down the lane waiting to get eaten alive by its competitors.” —former Bear Stearns head Jimmy Cayne, responding to a question about whether or not he believed hedge funds conspired to bring his firm down.