Posted on May 29, 2008 at 1:31 PM
Filed under: Trends
Tagged: bear stearns , elvis costello , jimmy cain

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Has anyone else been fixated on a certain Elvis Costello song as the Bear Stearns Cos. saga has unfolded and former CEO Jimmy Cayne has come under fire for his hands-off management style?

Now that Bear shareholders have approved the sale of the firm -- with Cayne in attendance, unfazed by his unflattering portrayal in a series of Wall Street Journal articles this week -- it's probably a good time to review the lyrics of Costello's "Blame it on Cain." Though the song dates to the 1977 album "My Aim is True," it seems eerily current, depending on how you view the role of the Feds in the sale. It begins like this:

Once upon a time, I had a little money
Government burglars took it along

Costello is touring with the Police this summer. - Kenneth Klee



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