Former Bear Stearns managers Ralph Cioffi Jr. and Matthew Tannin are charged in connection with allegations they misled investors as the two
hedge funds they helped run collapsed amid the subprime mortgage meltdown
This announcement unleashes many questions for lots of people.
Im wondering why, in April of 2008, John McCain said bailing out Bear Sterns was essential to the economy, and helped push for a federally backed 30
billion dollar aquisition of the company, but that he refused to bail out the people who got screwed by Bear Sterns.....
( Source )
The Above Top Secret Web site is a wholly owned social content community of The Above Network, LLC.
This content community relies on user-generated content from our member contributors. The opinions of our members are not those of site ownership who maintains strict editorial agnosticism and simply provides a collaborative venue for free expression.
All content copyright 2014, The Above Network, LLC.