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tannin

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tannin /tan·nin/ (-in) tannic acid.
tannic acid [tan´ik]
a substance obtained from nutgalls, oak bark, and other plant parts, formerly used in medicine as an astringent. It is no longer used alone because it can be absorbed through mucous membranes or damaged skin in amounts sufficient to produce hepatic necrosis, although it is still used as a component of dermatological preparations.
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Cioffi and Tannin oversaw funds that collapsed in 2007 after making huge bets on mortgage securities, resulting in $1.
VERDICT: NOT GUILTY by Harry Maurer & Cristina Linblad / BusinessWeek
Ralph Cioffi and Mathew Tannin faced 20 years in prison if found guilty of lying to clients ahead of their hedge funds' collapse in June 2007.
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Cioffi and Tannin were indicted in June 2008 and the trial began Oct.
Former Bear Stearns fund managers acquitted of charges in subprime ... by The Real Deal
 
 
 
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