When the economy is crashing and the FBI begins to arrest bankers, it really makes the air tingle. Such are circumstances that now surround the Chief Investment Officer for Stanford Financial, Laura Pendergest-Holt, who was arrested Thursday on federal obstruction charges. (Unfortunately, she is not the mad scientist in the photo). Ms. Pendergest-Holt misrepresented herself to the Securities and Exchange Commission and forgot to mention something about a billion dollar loan the bank made to a certain top-executive. There is and will continue to be an extraordinary lack of sympathy for these folks at Stanford. Robert Standford is apparently still without a lawyer after the FBI froze all of his assets. Good luck.Photo from MatthewBradley's Photostream
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