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 the ‘Mortgage Crisis’ Category
Who’s Misleading Who?
Posted in Mortgage Crisis, tagged Bear Stearns, mortgage, mortgage backed securities, securities, sub-prime on June 19, 2008 | 5 Comments »
We’ve Only Just Begun
Posted in Mortgage Crisis, tagged bailout, delinquency, home equity, sub-prime on March 11, 2008 | Leave a Comment »
Just when you think the sub-prime lending practices have created major havoc on our financial stability, another consumer lending practice creeps into the picture. Remember all those home equity loans? Yes, they’re still out there. And delinquency rates are starting to increase very quickly; much faster than any of the experts anticipated. Added to our [...]
