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The New York Observer

Bear Stearns' Cayne Takes The Plaza, Then Bridge

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March 17, 2008 | 1:55 p.m

Bear Stearns chairman James Cayne was in Detroit at the start of the weekend that saw the tanking of his venerable investment bank. Why? Mr. Cayne was competing in the North American Bridge Championship, according to reports.

Also last week, as the perfect storm gathered, Mr. Cayne closed on a $25 million condo at the revamped Plaza.

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