Legal – Emails reveal fear, hope about doomed Bear Stearns funds, Banco Santander accused of failing to act on Madoff concerns, Petters’ fraud trial will feature friends, foes, mob informant, Lehman reportedly to return to U.S. mortgages through Douglas County-based unit, Lehman reportedly to return to U.S. mortgages through Douglas County-based unit
Update: Emails reveal fear, hope about doomed Bear Stearns funds
From Tradingmarkets.com: A slew of e-mails displayed in a Brooklyn courtroom shows former Bear Stearns Cos. fund manager Ralph Cioffi and a subordinate were alternately fearful and optimistic about the health of the two troubled hedge funds they managed, which later collapsed.
In one message, Cioffi, of Tenafly, tells a colleague that the returns...
|