Two former Bear Stearns fund managers were arrested today. Matthew Tannin and Ralph Cioffi are accused of misleading investors about the sub-prime mortgage backed securities.
Tannin and Cioffi were responsible for funds with more than $20 billion in assets. They touted the fund until it collapsed in June of 2007. Investors sued, of course. Barclay’s [...]
Archive for June, 2008
Who’s Misleading Who?
Posted in Mortgage Crisis, tagged Bear Stearns, mortgage, mortgage backed securities, securities, sub-prime on June 19, 2008 | 5 Comments »
