Ex-Bear Stearns managers arrested at their homes

Two former Bear Stearns managers have been arrested, federal authorities said today, becoming the first executives to face criminal charges related to the collapse of the subprime mortgage market.

[mhr]

Wayne Berman, billed more than $720,000 in lobbying fees from 2005 through last year to Ameriquest Mortgage through their lobbying firm, disclosure forms reviewed by the Daily News show.
Ameriquest, which since has been bought out, was forced to settle suits with 49 states for $325 million. More than 13,680 New York homeowners got taken for a ride by the company, records show.

[HmongRodneyKing]

Where was the SEC when the housing bubble started? Only now that they need scapegoats, do they round people up. If BSC was still in business today, nobody would have been rounded up at all. Same situation just a different day.

[over educated]

do they really police themselves when they make the rules.........hell no just throw a couple 2 wolves

[idyots]

Off with their HEADS...........