Bear Stearns hedgie was on meds

In a bit of pre-trial drama, federal prosecutors recently placed the digital diary of Matthew Tannin into the public record. In it, the Bear Stearns hedge fund manager fretted about becoming addicted to sleeping pills some six months before the funds he co-managed blew up in the summer of 2007.

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Bear Stearns hedgie was on meds

The Fed’s $2.2 trillion fire hose

The Federal Reserve threw a lot of money at the crisis to get the gears of the economy turning again, but it may soon be time to collect on the bill.

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The Fed’s $2.2 trillion fire hose

Will any Wall Streeters go to jail for this?

In “Candide,” the philosopher Voltaire explained how the British once executed one of their own admirals who lost an important battle “pour encourager les autres” — to encourage the others not to dare repeat such a public failure. At present, there has been nothing remotely like that level of accountability for the Wall Street executives who led their firms — and nearly American capitalism — into the financial abyss.

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Will any Wall Streeters go to jail for this?