Former Bear Stearns managers under arrest

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The former Bear Stearns hedge fund managers, Ralph Cioffi and Matthew Tannin, surrendered to the FBI today. They are expected to be charged by US prosecutors with securities fraud.
These would be the first indictments of Wall Street execs that rise from the credit crisis.

Read the rest of the story HERE:


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Ah yes, America is parading her greatest for the w... by TomK on Thursday, Jun 19, 2008 at 10:48:05 PM
While what they did was wrong, it's not crimin... by Darren Wolfe on Friday, Jun 20, 2008 at 7:43:48 AM