NPR logo The White-Collar Perp Walk


The White-Collar Perp Walk

This week, hedge fund managers Ralph Cioffi and Matthew Tannin became the first Wall Street executives to get caught up in the government's crackdown of the subprime mortgage crisis.

The FBI suggests this is just the beginning of these kinds of arrests. It is investigating 19 major companies for wrongdoing related to the subprime mortgage crisis. So the question is: are we are returning to the era of the high-ranking executive perp walk?

NPR's Dina Temple-Raston reports.