This is from the prologue of Charlie Gasparino’s book, in which the Sellout author discusses having dinner at a Chinese restaurant with Jimmy Cayne on August 5, 2007.
When we sat down this was a different Jimmy Cayne than I had known for so long. I had always considered Cayne, now seventy-three, a youthful man. He loved to smoke cigars, and as he stated on more than one occasion he had also smoked pot (Cayne once attempted to hand me what looked like a joint in the Bear Stearns elevator).
From there Chaz goes on to discuss what in Cayne’s drug-addled mind was apparently supposed to be a diss (“…[Cayne] worked out regularly and hung out with clients and friends at San Pietro, where he spun tales about his Wall Street exploits— how he’d kicked the crap out of the competition, [like] the hated ‘Stanley Morgan,’ as he used to refer to the investment bank Morgan Stanley”), failing to revisit the matter. Why? I think you know why. How do you think Jimmy Cayne became such a huge source for Gaspo? This is Journalism 101. When we called Charlie up to press the subject further he told us, “My comment is simply this: I’m gonna save that for my next book.” Since CG has now more or less admitted to hotboxing that elevator like there was no tomorrow in pursuit of a story, the first in a series of many, many events just like it (enough to write an entire tome subject), we figured we’d better get to work helping him pen the definitive book on JC’s crisis to scrounge enough money to buy chips. Here’s a mock-up of the cover:
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And some sample chapters:
Piss In This Cup: The guys go searching for a clean urine sample to appease the board of Bear Stearns.
That Stupid Fuckin’ Poster: Charlie goes absolutely postal over his inability to solve the Magic Eye.
Ma! Don’t Come In Here Ma!: Charlie takes Jimmy home to Rego Park to get high in his old room and look at “nudie mags.”
A Moment Of White Widow-Induced Clarity: Chaz and JC convince risk management to load up on “this can’t lose asset class,” subprime.
Who Is Dis Fuckin Guy?: Larry K. wraps his lips too far around the J for CG’s liking.
There’s No Way You’re DeNiro: The guys fight over who’s DeNiro and who’s Pesci.
Nobody Takes Us For A Ride: Goddamn Scungili Head: Gaspo breaks the ribs of a dealer who sells them schwag.
Funyuns: 100 pages on ‘em.
All we need is a title (and if you know of any anecdote that Chazza failed to recall, please share ate this time). The Burnout is too easy.







Posted by guest , Oct 27, 2009 10:08AM
most amazing photoshop EVER.
Posted by guest , Oct 27, 2009 10:09AM
I can totally see charlie going ape shit over a magic eye poster.
Posted by guest , Oct 27, 2009 10:11AM
charlie wishes he was deniro.
Posted by guest , Oct 27, 2009 10:12AM
that wasn't a joint, it was a dildo.
-jc
Posted by guest , Oct 27, 2009 10:14AM
Cayne's not here, man
Chaz & Cayne's Next Book
Chaz & Cayne Light Up Wall Street
Half Banked
Grumpy Old Stoners
Where There's Smoke There's Chaz & Cayne
Posted by guest , Oct 27, 2009 10:14AM
For Maui Wowie - with Love and Squalor: a triumphant coming-of-age tale about two men staring danger in the eye, with only a one-hitter, a pound of capicola, and everlasting cheetoh'd fingers.
Posted by guest , Oct 27, 2009 10:15AM
There was an Enron logo on the dildo in the Magic Eye poster. That's why he couldn't see it.
Posted by guest , Oct 27, 2009 10:18AM
My 4:20 with Jimmy: a memoir
by Charles Gasparino
Posted by NakedShort , Oct 27, 2009 10:18AM
Look what I'm wearing. Kimono, dog. What're you wearing?
Posted by guest , Oct 27, 2009 10:20AM
King of the Chronic
Posted by guest , Oct 27, 2009 10:20AM
Bud on the Streets
Posted by guest , Oct 27, 2009 10:20AM
Bud on the Street
Posted by Bess Levin , Oct 27, 2009 10:21AM
@10 I love that.
Posted by Perkins Maxwell , Oct 27, 2009 10:21AM
Best. Photoshop. Ever.
Posted by guest , Oct 27, 2009 10:23AM
"Budding Financial Genius"
Posted by guest , Oct 27, 2009 10:25AM
@11/12 it should be "budS on the street."
Posted by guest , Oct 27, 2009 10:26AM
Rastafarians at the Gate
Posted by guest , Oct 27, 2009 10:27AM
Stoners' Poker
Posted by guest , Oct 27, 2009 10:29AM
"this is journalism 101"? what do you do for your sources, bess?
Posted by Becky Boot Fan , Oct 27, 2009 10:31AM
A Bridge Over Troubled Bong Water
Posted by Apollo , Oct 27, 2009 10:31AM
"Wow, it's a boat!"
Posted by guest , Oct 27, 2009 10:31AM
@13/BL thanks! Great, great post. -10/ig
Posted by guest , Oct 27, 2009 10:32AM
@19 shut your filthy whore mouth.
Posted by guest , Oct 27, 2009 10:33AM
King Rego Or How I learned to Fake Reporting and Love the Bong
Posted by guest , Oct 27, 2009 10:36AM
Cayne = Gollum
-Tricksy Hobbit
Posted by guest , Oct 27, 2009 10:42AM
@24 great
Posted by guest , Oct 27, 2009 10:45AM
@ 22 just had to go home to change his pants
Posted by guest , Oct 27, 2009 10:49AM
@17 Nice!
Posted by guest , Oct 27, 2009 10:49AM
The Chronicles of Wall St: Prince Cayne
Posted by guest , Oct 27, 2009 10:51AM
Jimmy & Me: Life and Love with the World's Worst Reporter
Posted by guest , Oct 27, 2009 10:59AM
30,
Please die.
Posted by guest , Oct 27, 2009 11:02AM
31,
Don't get cunty.
-30
Posted by NakedShort , Oct 27, 2009 11:04AM
Waddaya Got? How two words became the battle cry for drugs, leverage, tranny hookers, models, bottles and egregious compensation packages on Wall Street.
Posted by guest , Oct 27, 2009 11:27AM
Jimmy Cayne: Smokin' Dope.
Posted by pfluger , Oct 27, 2009 11:55AM
Charlie and Jimmy Go to White Castle.
Posted by guest , Oct 27, 2009 12:11PM
White punks on dope...
Posted by guest , Oct 27, 2009 12:20PM
Up In Smoke: the Bear Stearns Story
Posted by Joe Mac , Oct 27, 2009 12:25PM
Smokemaster J - Inside the World of Cayne
Posted by Joe Mac , Oct 27, 2009 12:31PM
Cayne's World, Caynes World! Party Time! Excellent!
Posted by pfluger , Oct 27, 2009 12:48PM
I could just see cg and jimmy rockin' out to Queen's "Bohemian Rhapsody" while they are driving the Buick through Rego Park at 1 am, with the car windows tightly sealed to retain the atmosphere....
Posted by guest , Oct 27, 2009 12:50PM
Fahrenheit 420
Posted by guest , Oct 27, 2009 1:39PM
Something About Mary Jane Cayne
Posted by guest , Oct 27, 2009 2:40PM
He looks so Rego.
Posted by guest , Oct 27, 2009 2:48PM
Cayne and Dis Abel-ed
Posted by guest , Oct 27, 2009 4:20PM
I like the tag for a book title: How Three Decades Getting Baked Destroyed The Global Financial System
Tag for the win, tag for the win!!
Posted by guest , Oct 29, 2009 5:52PM
HAHAHA this picture was on Fast Money!