Jury acquits ex-Bear Stearns hedge fund managers.

[Xicano]

NEW YORK (Reuters) - Two former Bear Stearns hedge fund managers were found not guilty of fraud, a decision that could make government prosecutors less likely to bring criminal charges against Wall Street executives for their role in the financial crisis.

The case -- the first major prosecution arising from the meltdown of major U.S. financial institutions -- was seen as a litmus test of whether a jury, presented with evidence from emails between money managers and conference calls with investors, would convict individuals for corporate collapses.

Ralph Cioffi, 53, and Matthew Tannin, 48, were acquitted of all charges on the second day of deliberations by a jury in U.S. District Court in Brooklyn, New York. Cioffi and Tannin left the courthouse with their smiling wives and relatives, some of them crying tears of relief.


http://www.reuters.com/article/idUSTRE5A94RW20091111

[Double T]

1. wall street will get away with the BIGGEST HEIST in the history of the world.

We all should be crying that this was allowed to happen and specially that it is still happening.

[notesdev]

2. Did the prosecution take a dive?

Or are they that stunningly incompetent?

[Xicano]

3. It would be my guess somebody got a payday.

That's the American way.

[Double T]

4. wall street and financial institutions must have diplomatic immunity.

Wouldn't want to upset criminal business as usual.

[Echo In Light]

5. Corpocracy

[Hannah Bell]

6. isn't that nice. they got away with grand larceny & bankrupting people. meanwhile, thousands in

prison for smoking pot.