Spectacular subprime fiascos

Some Wall Street titans fiddled while Rome burned -- while others denied there was any sort of catastrophe was afoot.

James Cayne
James Cayne
Remarkably, he has yet to be weeded out
In July, as Bear Stearns executives futilely attempt to prop up two hedge funds that ultimately collapse amid the subprime meltdown, CEO James Cayne spends ten of 21 workdays out of the office, playing golf and competing in a bridge tournament in Tennessee. According to The Wall Street Journal, his fellow bridge enthusiasts claim that Cayne sometimes smokes marijuana at the end of tournament sessions.
Last updated December 19 2007: 10:18 AM ET

Merrill Lynch

Stanley O'Neal

CIBC analyst Meredith Whitney

Century 21

James Cayne

Bear Stearns analysts

Chuck Prince

D.R. Horton
The complete 101 See the full list, featuring the very best of the very worst moments this year. (more)
10 high-flying snafus Air travel took a wrong turn long ago. But in 2007 it hit new lows. (more)
Misadventures in advertising Companies want their ad spending to boost their image. These campaigns had the opposite effect. (more)