I know that probably 99 out of 100 of you it doesn't matter, but the rule has been amended and it gives option market makers 35 days to bring their books inline. So if you are an option MM, don't shit thinking you have to come in tomorrow under enormous stress. nitro
I can't believe how these Banks are whining and running for protection now that what they do to others is happening to them. Makes me want to vomit, seriously. They shoiuld be shown as much sympathy as they show people on the recieving end of naked shorting/FTD only made possible by I-Banks facilitatiing it. Same with commercial banks, they should be shown the same sympathy they show someone with a good payment record who misses because he lost his job [NONE].
Another post filled with pertinent facts. You'll make a great old man, writing to the OpEd page if there are any newspapers left, grumbling that the garbage trucks make too much noise when they rumble down your street. And you don't know me. It's MISTER Moron to guys like you.
They aren't done yet. Usually these agencies make cases, then pass the files around. If there are criminal acts involved, and there have been, the documents are already in the hands of Justice. Within a very short period of time, you will some of the high and mighty with cuffed hands shielding faces from the onslaught of liquored up journalists who patiently waited for the infamous 'perp walk'. Curshen wasn't a big name. But he was a big, big player. He had to do those trades somewhere, and with somebody breaking the rules. If they got indictments on him, they know where he did his business. And if they don't, he's told them. I do not necessarily have sympathy for Mack, or anyone else. But they have the ships we need. So, let's remove the crooked crew, and staff the places with honest capitalists. A fair day's pay for a fair day's work. We wont' catch them all. Never do. But let's leave an impressioni. As Patrick Bryne says, "let's be sure this can't happen again for another 100 years.'
Go to the part where the Deepcapture undercover guy goes into Costa Rica. That was four or five years ago. Curshen was arrested in NY 9/4. Bad part? All this took a long time. Good part? That time is done. Time to pick the fruit. BTW, that guy is one mean, miserable son of a bitch. LOL. Glad we're on the same team.
"Within a very short period of time, you will some of the high and mighty with cuffed hands shielding faces" Unlikely, that would be tantamount to justice. these people are rich and powerful i.e above the law in the New America. Any hearings will become just another thing that is too sensitive for the American public. Refco hearings are behind closed oors for a reason - something to do with their naked shorting facilitation perhaps? Their CEO was a Brit so an example could be made. Npot so with this lot.
don't blame you for feeling that way. This time, we win. It will a lot easier, although not easy, to make a living trading after this. If it isn't, you were part of the problem.
``There is no rational basis for the movements in our stock or credit default spreads,'' Mack wrote in the memo. ``We're in the midst of a market controlled by fear and rumors, and short sellers are driving our stock down.'' -John Mack, Morgan Stanley's chief executive officer.
This rule is only valid for two weeks. SEC will cancel this rule on Oct. 1st. src: A very important person