The Reason For James Cayne’s Hospitalization: A Prostate Infection?

Posted by John Carney, Oct 23, 2007, 6:04pm

“I feel great,” Bear Stearns chief executive James Cayne tells London Thomas of the New York Times.

But it wasn’t clear the editors at the Times are entirely persuaded. They headlined the story with a metaphor that seemed to hint that Cayne might not be at full strength. “Ailing Firm Gets Tonic From China,” the headline proclaims. Thomas uses similar language in the article to describe the firm’s condition and mentions that Cayne recently spent several days in the hospital.

Charlie Gasparino, who first broke the story of Cayne’s hospitalization, is now reporting that his condition was more serious than indicated in earlier reports. At the time, it was reported that Cayne was hospitalized for a urinary tract infection. On CNBC’s Fast Money tonight, however, Gasparino reported that Cayne was hospitalized instead for a prostate infection. Acute prostate infections are usually treatable with antibiotics but sometimes require a hospital stay. Severe cases can be fatal. It is not related to more serious conditions such as prostate cancer.

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Posted by idea, Oct 23, 2007 6:16PM

Sell life insurance policies on Cayne and hedge by going long BSC.

Posted by LippyTex, Oct 23, 2007 6:18PM

Mr. Cayne better start regularly chewing on some saw palmetto pills from GNC.

Posted by , Oct 23, 2007 6:19PM

he should consider himself lucky. i have heard speculation that Merrill's writedowns tomorrow will reach as high as 17bn. Granted that sounds a little absurd but still it could only be too high by 7bn. then watch out as this one slips back to A+ rated

Posted by Larry Craig, Oct 23, 2007 6:21PM

I get a prostate exam twice a week. You can never be too careful.

Posted by anonymous, Oct 23, 2007 6:52PM

Any news on Chuck Prince's health?

Posted by Kevin, Oct 23, 2007 7:30PM

LOL Larry Craig

Posted by Anal_yst, Oct 24, 2007 12:12AM

as if the larry craig thing wasn't entertaining (or whatever) enough, the daily show just made it even more so. God DB, or someone with a well-placed production assistant minion for a friend please bring jeff epstein to their attention. Even better, Carney, er Bess, should be a guest Expert (having been there - allegedly - of course).

Posted by Anonymouse, Oct 24, 2007 1:39AM

Excellent CDO pricer, http://pc9.org/cdo/

Posted by Anal_yst, Oct 24, 2007 6:37AM

Either Becky Quick is preggo or she is by far the worst dressed young hot anchor in TV. She was wearing like a oversized Mr. Rogers/little red riding hood schmata on the plane with Buffet, wtf man

Posted by series7.5, Oct 24, 2007 7:55AM

in the end its only $8 billion. MER was up yesterday anyway and cds is unchanged at 85/90, the stock is bid down a quarter maybe this one is buy the rumor buy the news

Posted by , Oct 24, 2007 7:59AM

now 7 tighter. shorts pulling the rip cord. guess its still worse to be cayne than oneal today

Posted by Dave Chappelle, Oct 24, 2007 8:40AM

MER now off the tights: 82/87

Carney, dust off your accounting hat and check out the first financial break out in today's MER press release (Net Exposures at End of Period: ABS-CDO related exposure/US Subprime related exposure). MER is the only bank to give such granularity. Investors are going to demand similar break outs from GS, MS, LEH, BSC, etc. good times . . .

bitches

Posted by mrpink, Oct 24, 2007 10:46AM

He's so full of shit that it all backed up and caused an infection. Oops.

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