Look who’s in the news again – Jimmy Cayne! Ah, “Bear Stearns” tag, coming out of retirement. So after taking a couple of years to indulge in weed, bridge, navel-gazing and perhaps contemplating the demise of the venerable investment bank, has he had any major revelations? No, apparently not. Bear Stearns’ collapse was still 100% the fault of other kids:

“The market’s loss of confidence, even though it was unjustified and irrational, became a self-fulfilling prophecy,” Cayne said in written testimony to be presented today to the Financial Crisis Inquiry Commission in Washington, according to the person who declined to be identified because the remarks aren’t yet public. Cayne will tell the panel his company had a “strong culture of risk management,” the person said.

Alan Schwartz is expected to stick to a similar script, though he might at least make a cursory nod to the fall of the housing market as being a small issue that snarled up the firm a bit. We expect the Q+A session with Cayne to be far more interesting than this written prepared stuff, so do check that out if you get a chance…