Bear Stearns Executives Ralph Cioffi And Matthew Tannin Arrested (VIDEO)

Two former Bear Stearns managers were arrested Thursday on charges linked to the collapse of a hedge fund that bet heavily on subprime mortgages before the market collapsed.

Comments

[brooklyncitizen]

It'd be great to see Bush and Crime Inc. wearing the same jewelry.Sigh.

[sher2x4]

Call me stupid, but just where did the money go.

[jupitor]

Call me stupid, but how many of our senators and congress had their hands inthat hedge fund ? How many were connected to Bear and stearns? Just asking folks! just curiouse is all! It seems people who's connected to Big lobbyist are always connected to these things and w know a lot of our goverment are connected to Lobbyist, now don't we!

[ccpostman]

This is just the TIP of the ice burg.

Everyone in the investment biz was pushing sub-prime mortgages. Everyone knew this stuff was junk.

Put the hooks back in the water boys, I want to see bigger fish caught!

[justhefacts]

Portfolio managers. Not the top guys. Just the fall guys.

The advice from the SEC: "Tell the truth." "Don't put your interests ahead of investors."

Translate: Read the million pages of SEC rules, regulations, guidelines, advisory opinion letters, case law, dissents, memoranda from outside and inside counsel, auditor's reports, independent review of auditor's comments by outside counsel and margin comments by inside counsel, and then try to figure out what they mean by "the truth."

Witch hunt.

[SoYaThink]

Finally!

Now, when does the rest of this pandora's box open up?!?!

[MemphisBuffalo]

McBush defends the legislation that allowed this to happen. It would be better for all if it was not allowed to happen in the first place. Regulation, we don't need no stinking regulation.

[Bobleblah1]

forget these phony perp walks

Stop talking and take action.

CINDY SHEEHAN FOR CONGRESS

Support her with your money or your mind, either will do.
Do whatever is in your power to do, no action is too small, just take action.
$5 or $10 or just you being your creative self.

http://cindyforcongress.org/

[Ajita]

DAMN that was gratifying to watch.

[Politiking]

In the advent of Sarbanes-Oxley, the CEOs of Goldman-Sachs, Merrill-Lynch, JP Morgan, Morgan-Stanley, Bear Stearns, and all banks and institutions who participated in the subprime mortgage scheme must be indicted as well. The CEOs should not and cannot make excuses that they did not know the malicious intent in engaging in the subprime mortgage product creation and obscene money making. Once found guilty, I hope they put these guys in jail for a long time.

[GwenElle]

Yeah . . . it's about time!

[jupitor]

Thier just fall guys is it folks, the big fish in our goverment are sitting back and laughing!

[Mithrall]

Bring back the stockades and someone could make a killing selling rotten vegtables. Few things make me happier than seeing white-collar scum being rounded up and headed off to jail.

[oliv0128]

While I'm happy to see this, it all looked a little to dignified...

[Freedomscap]

I know what you mean.

[gallonjug]

what is wrong with treating criminal defendants with dignity?? Isn't that what makes this country --er, made---this country great.
Anyway, those guys were dying inside. So humiliating. and there's no dignity in spending a couple years in jail.

[brooklyncitizen]

Were you hoping for back hoods perhaps? maybe some fierce German shepherds nipping at their heels? and a little waterboarding on the side?

It was actually painful.....I can imagine what that must be like for them...truly when the mighty fall they fall hard...or something like that.

[kellygrrrl]

Dang! this makes me yearn for the day we might see Bu$h Ch3n3y R0ve or R^mmy

hauled off in Hoof Cuffs

[jupitor]

Now that's more llike the bad guys who caused all this with signed policy bills, kellygirl! Finally we can agree with something!

[Kmuzu]

Go on take the money and run .. arroooo hah

[themne]

Awesome! Kudos to the camera man for a close-up of their handcuffs.

[kellygrrrl]

Hoof-Cuffs