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James Cayne Is Going To Start Drinking Red Wine/Eating Bacon And Salmon Again After He Hears This

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With BSC’s stock price in the toilet and losses from two hedge funds that may be steep, if anyone ever gets around to calculating what they are, Bear Stearns could be sold, Charlie Gasparino reports. According to big G, “all sorts of rumors are swirling” around the Street about a possible sale, bolstered by the buzz that the stock will fall another $10. Cigar smoking bridge player James Cayne told the New York Timeslast week that any plans to put the firm on the block are “old talk” and “repetitive” and that Bear Stearns is “well Bear Stearns is well placed to survive as an independent entity.”
Bear Stearns Could Become Takeover Target [CNBC]