Ralph Cioffi and Matthew Tannin have settled their civil suit with the SEC today, according to Reuters. The price tag? A cool $1 mil. Both Cioffi and Tannin made news for being the first major execs to do a “perp walk” on behalf their hedge funds, which made bets involving subprime mortgages. Both men were acquitted of criminal charges by a jury in 2009.
Cioffi and Tannin settle
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Why are existing home prices rising when sales are still so low?
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.
