Bear Stearns Juror: I'd Still Invest With Cioffi, Tannin, U.S. Case Weak

bloomberg.com:

Nov. 11 (Bloomberg) -- Prosecutors missed the mark so widely in the fraud trial of Bear Stearns Cos. hedge fund managers Ralph Cioffi and Matthew Tannin that a juror said after their acquittal she would invest with them if she had the money.

Read the whole story: bloomberg.com

Comments

[DemocratCongress]

So far, Obama is doing an OK jobs. needs do do more regarding unemployment, but overall not bad

good articles: http://financeopinionss.blogspot.com

[Tulka2]

Americans, poor saps, love someone who looks like a winner. That's all that's necessary. The numbers are too complicated for them.

Where's Charles Dickens's incarnation? The hooples really need it explained to them.

[sonofsamphm1c]

Try these numbers. The government says the two men knew the future with absolute certainty, and then lied about it to their investors.

One manager, "knowing" that his fund was about to go bust, "pulled" one 1/3rd of his money out and left 2/3rds of his money to vanish into nothingness. Odd since he had every right to pull all of it out of the fund that he "knew" was going to go to near zero.

Now, with his perfect knowledge of the future, he could have invested his removed cash into a certain winner - a huge winner. What did he do? He put it into another Bear Stearns fund. Some crystal ball this hapless fortuneteller has.

[Tulka2]

Yeah, i know. It was all a big gamble. Too bad they were gambling with other people's money. I have more sympathy than you might suspect. Sensible regulation and not jail time for the young Turks will serve the economy better.

But hey, as the old movie put it, "We got to give them somebody. Give them the kid".

Mothers when you send your children off to Wall Street make them sit down and watch, "Enron; the Smartest Guys in the Room" before they go. Beg them not to be patsies.

[nopilikia]

Looks like defense had a ringer.

[groosemoose]

Now I really suspect some sort of bribe.

[nomorebailoutz]

say no to the dodd plan

good articles: http://financeopinionss.blogspot.com h

[schatsie]

questions who is this Benton, is he a holdover from the Bushies? Did he graduate from Regency Law School (Pat Robertsons law school where the Bible comes before the Law)

[1cubfan]

paid off?, or just stupid.

[MissVirginiaVoter]

Sounds like jury got paid off.

[PR one]

That same juror would still invest with
Bernie if she had the money.
She must live in a parallel universe.
Where up is down and down is up.

[sonofsamphm1c]

I think you live where up is down and down is up.

Bernie actually committed fraud and he is in jail. These two did not commit fraud and they are not in jail. She seems to think they came off as competent investors.

[PR one]

In reality Bear Stearns does not exist, anymore.
Investors lost billions.
These two made millions.
Who was the one that said,
that crime doesn't pay?

[oath of fealty]

Stock market surging while main street keeps getting squeezed

good articles: http://financeopinionss.blogspot.com

It looks like 9-8% unemployment is the new normal since the govt. wants ppl to be unemployed