It’s hard to imagine that for all the misinformation spread from the senior ranks of Wall Street about the alleged health of the financial business during the run-up to last year’s meltdown, the best our regulators and prosecutors can come up with as “culprits” for this abuse is two measly hedge fund-managers. Full Story »
Posted by Derek Hawkins - via Tom Friedman
Gasparino demands why prosecutors aren't going after Wall Street execs who misled investors up to the eve of last fall's financial crisis. He's a bulldog, a straight talker, and he has no qualms about waving his insider knowledge in your face. I think he makes a good case here -- the unnamed sources are a complement to sound reasoning and information he provides up front.
That’s right, Ralph Cioffi and Matthew Tannin, the guys who ran a pair of Bear Stearns hedge funds that purchased risky mortgage bonds, are likely to go to jail, while ... More »
It goes to great lengths -- albeit with tongue in cheek -- to be less than it purports to be; still, it IS a beast.
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