Tagged: Bear Stearns

Crisis panel probes bank “window dressing”

The Financial Crisis Inquiry Commission, which is looking into the causes for the 2008 economic crash, today questioned former executives from the investment bank Bear Stearns (sold to J.P. Morgan in a firesale after a run on the bank) and explored the open-secret of how Wall Street banks legally¬†fudged their quarterly books to dress up […]

Bear Stearns acquittals stymie Feds

The court acquittals of two ex-Bear Stearns hedge-fund managers on securities fraud charges is forcing prosecutors to re-examine other potential cases stemming from the Wall Street financial meltdown.¬† Law Professor Tamar Frankel, an authority on securities law and author of “Trust and Honesty: America’s Business Culture at a Crossroad,” says the problem is larger than […]