Feds Arrest Two Sub Humans At Bear Stearns For $400 Billion Sub Prime Fraud. Good. Now Let's Round Up The Rest.
Read more here.
The two men -- or sub men (pictured above) -- were charged with misleading investors about the health of two Bear Stearns hedge funds whose collapse last year ignited the subprime mortgage crisis. Cioffi was also charged with insider trading. The Securities and Exchange Commission sued the men today, claiming they duped investors before the funds imploded.
The Feds are expected to issue more indictments, in the $400 Billion sub prime mess.
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