Thursday, June 19, 2008

Two of the notorious gang of suits go down

marjorie says...

This video deserves its own post on m-pyre.

Two Bear Stearns executives were arrested today on charges of fraud. They allegedly knew the funds were about to have a meltdown, but continued to withhold that information from investors, even as one withdrew his own funds.

I know, I feel bad for the guys, like I do most people I see being led away in cuffs. But rest assured--unlike a lot of people, very different types of people, these two will probably get off very lightly. Who wants to lay odds?