Bear Stearns Prosecutors Deserve A ‘D-’

November 16, 2009

Bulletin: A federal court jury in Brooklyn has concluded that two former Bear Stearns hedge fund managers did not cause, or have advance knowledge of, the global credit crisis. But to aggressive federal prosecutors, they looked like promising scapegoats. Ralph Cioffi, the founder and senior portfolio manager of the two funds, and Matthew Tannin, a portfolio manager, were charged in 2008 with conspiracy, securities fraud and wire fraud in connection …

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Back To Basics In Banking

June 29, 2009

President Obama’s overhaul of the financial regulatory system promises to add a new flavor to consumer financial products: “plain vanilla.” A requirement that banks and other lenders offer a basic mortgage plan with simple and straightforward terms is part of the administration’s sweeping plan to reform government oversight of financial services in the wake of last year’s credit crisis. One of the plan’s cornerstones is the creation of a new …

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