Jimmy Cayne

From SourceWatch
Jump to navigation Jump to search

Jimmy Cayne, former Bear Stearns CEO

Cayne encouraged Bear Sterns to invest in high risk mortgages leading to the collapse of two of their highly leveraged hedge funds in 2007.

“I didn't stop it. I didn't rein in the leverage," Cayne later told Fortune. [1]


References

  1. ↑ "25 People to Blame for the Financial Crisis,” “TIME Magazine, Retrieved September 21, 2009.
Retrieved from "https://www.sourcewatch.org/index.php?title=Jimmy_Cayne&oldid=443451"