June 19, 2008

2 Wall Street execs first to face charges for sub-prime chaos

With their arrest Thursday on a nine-count indictment, two former investment fund managers for banking titan Bear Stearns are now the public face of the nation's mortgage finance meltdown. Prosecutors alleged the two knew their funds were at risk, but didn't tell investors. The collapse of the funds was the first public indication of how serious the credit crisis was.

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