The government's first effort to prosecute individuals for contributing to the financial crisis ended in failure. A jury found former Bear Stearns executives Ralph Cioffi and Matthew Tannin not guilty of fraud. The two men invested in subprime mortgage-related securities, and the funds collapsed, costing investors more than $1 billion.
» E-Mail This » Add to Del.icio.us
Full story at http://www.npr.org/templates/story/story.php?storyId=120300303&ft=1&f=1006
No comments:
Post a Comment