Tag Bear Stearns

Bear Stearns fund managers arrested for fraud

DailyMail photo. They say Cioffi was heckled after being arrested Ralph Cioffi and Matthew Tannin, former execs at Bear Stearns did that funky perp walk this morning after being arrested by the FBI on fraud charges. The collapse of the…

Bear sold for $2 a share

Bear Stearns has (had?) 14,000+ full time employees who owned one-third of all Bear Stearns stock, presumably much of it in retirement funds where they were not allowed to sell. Thus, thousands of people, many almost certainly not wealthy, just…

Stock market surprisingly calm

Bernanke is an academic and scholar of the Great Depression. Looks like that knowledge has been helping as the unprecedented, some say “out of the box”, moves by the Fed today have unquestionably stabilized financial markets that were on the…