[sixthousandrpm]

...I can succeed through hard work, perseverance, and education James Cayne sold his Bear Stearns stock for a mere 61 million this week. Apparently, one can also succeed by investing in predatory lenders, leading a company into the ground and relying on a government bail-out. Hrmm... work hard, play by the rules and get screwed by the system or cheat and have the government hand you 60 million bucks. I think I'll take the latter.

[Gondring]

Apparently, one can also succeed by investing in predatory lenders, leading a company into the ground and relying on a government bail-out.

Yes, the systems are currently set up so that acting with honesty and responsibility is an irrational path.

[mc6809e]

James Cayne sold his Bear Stearns stock for a mere 61 million this week. Apparently, one can also succeed by investing in predatory lenders, leading a company into the ground and relying on a government bail-out. Hrmm... work hard, play by the rules and get screwed by the system or cheat and have the government hand you 60 million bucks. I think I'll take the latter.

That money came from selling stock he already owned. It didn't come from the government.

And at one time all that stock was worth about 1 billion bucks.

Sure, $61 million is nothing to sneeze at, but I'd say losing over $900 million in about a year has got to hurt him at least psychologically.