WSJ reporter Kate Kelly is writing a book on the fall of Bear Stearns. But hers isn't done yet. But another book on the fall of Bear Stearns, House of Cards by William D. Cohan, just came out. And Kelly was surprised to find that Cohan's book included a quote about her, from former Bear CEO Jimmy Cayne, who called her a "cunt... whose capability is zero." And Cohan didn't contact her in advance, so Kelly never had a chance to respond. She probably couldn't have been perfectly candid even if she did respond, so here you go, Kate: Jimmy Cayne is an asshole.


The Washington Post is folding its standalone business section into the main news section to cut costs, as other papers have done. Luckily there is little business news these days.