1.0 link 107996 <![CDATA[Bear Stearns Executives Ralph Cioffi, Matthew Tannin Indicted... FBI Announces "Operation Malicious Mortgage"]]> http://www.huffingtonpost.com/2008/06/19/bear-stearns-executives-r_n_107996.html Two former Bear Stearns managers have been arrested, federal authorities said Thursday, becoming the first executives to face criminal charges in the wake of the subprime market debacle.

Matthew Tannin was taken into custody outside his New Jersey home on Thursday morning and Ralph Cioffi was arrested at his New York City home, the FBI said.

Read more about the indictments here.

The FBI also announced "Operation Malicious Mortgage":

The Department of Justice and Federal Bureau of Investigation (FBI) announced today a...
]]> 2008-06-27T05:12:00-04:00