‘Martha Wanted to Wash and Blow-dry the Chickens’Martha disrupts plans to make her seem like less of a perfectionist, Bear Stearns CEO Jimmy Cayne may face arrest (he’d better hide his stash!), and the FBI is slapping anyone who’s ever said the word “mortgage” with criminal charges, in our daily roundup of media, finance, real-estate and law news.
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Bear Stearns Managers ArrestedMatthew Tannin and Ralph Cioffi, former hedge-fund managers at the former Bear Stearns, were taken into custody this morning for telling investors everything was fine with their funds, while privately admitting they were “toast.”
Wall Street’s Week of ReckoningAIG’s Martin Sullivan is out, and everyone else is waiting for the ax to fall. Plus! Former ‘NYT’ editor Howell Raines picks on Poynter blogger Jim Romenesko, a Central Park West penthouse goes on the market for $80 million, and more, all in our daily roundup of finance, media, real-estate and law news.