The Poster Boys of the Credit Crisis
And there they go: Ralph Cioffi and Matthew Tannin, the former Bear Stearns hedge fund execs who now face charges of misleading investors, on their way to be fingerprinted before being transported to Brooklyn federal court. Our question: What do you wear when you know the six FBI agents on your doorstep are going to lead you through a gaunlet of reporters on your way to court? We're going to have to hand this one to Cioffi (left) who decided to go business-casual for the occasion. A much more effective way to convey the I'm-relaxed-because-I'm-innocent look, if you ask us.
Former Bear Stearns Fund Managers Arrested by FBI [Bloomberg]