Accountability on Wall Street
Someone had to take the rap and do the perp walk. This time it was Ralph Cioffi and Matthew Tannin the hedge fund managers at the very former investment bank Bear Sterns. With all of the devastation from the housing crisis, toxic securities and bad loans we have spiraled our great country towards a recession.
Not even the investors were aware of what they were buying. Compound this with all of the haroing images of families struggling with losing their homes to foreclosure. A sign as if it were written in the stars a sign from above.
The stack of charges range from securities fraud, wire fraud, conspiracy, along with insider trading and the investigators are looking at all other charges they can throw at the dynamic duo of evil.
Read the editorial from the San Francisco Chronicle http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/06/29/ED5H11EAC4.DTL&hw=accountability+on+wall+street&sn=006&sc=422
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Tagged with: investing • justice • land banking • Ryan Wegman • scams • stocks • truth • wall street
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