Perhaps if you’re in foreclosure, you might take heart that two guys from Bear Stearns who wildly traded your mortgage for profit were arrested today in New York. (Photo of Ralph Cioffi courtesy of the NY Times.) The two funds had names as obtuse as the complex subprime securities in their portfolios — High Grade Structured Credit [...]
Filed under: Foreclosure Fever, Mortgage Mania | Tagged: Bear Stearns, finance, hedge fund, Wall Street | 3 Comments »
