Feds Initiate Bear Stearns Probe

Feds Initiate Bear Stearns Probe
The SEC joined federal prosecutor Patrick Fitzgerald in a probe into Bear, Stearns. The compunction lies in a suit against Bear Stearns in which the plantiff is Edwards Hospital, alledging that their expansion was not approved by the now ignominy-shrouded Health Facilites Planning Board because they had not hired Kiferbaum Construction or then Bear, Stearns managing partner Nick Hultgeren, a veteran of Wisconsin Governor Tommy Thompson�s office. His wife, Kim, owned 3.5% of Knight Engineering, whose owners had donated 2,000 each to the Blagojevich campaign, and were in the tradition of Rahm Emmanuel�s sylogism, "reward your friends and punish your enemies" with lucrative contracts for the nefariously corruption laden Belvedere Rest Stop project, for which they lobbied under then Governor George Ryan.