I haven't seen this up yet, but, according to a report on Bloomberg, two ex-Bear Stearns hedge fund managers have been arrested at their respective homes by FBI agents.
Two former managers at Bear Stearns Cos. hedge funds were arrested at their homes this morning by agents of the Federal Bureau of Investigation over their roles in the collapse of hedge funds that ignited the subprime mortgage crisis last year.
Ralph Cioffi, 52, was arrested at his Tenafly, New Jersey, home and Matthew Tannin, 46, was arrested at his Manhattan apartment, said James Margolin, a spokesman for the FBI's New York office. He said they were to be taken to federal court in Brooklyn for a court appearance later today in connection with an indictment.
The full story is here:
http://www.bloomberg.com/...
I never in a million years would have figured that a Bush "Administration" executive branch agency would hold anyone to account for any of this. It will be interesting to learn more about these characters and see why they were fingered...