If citadel and sac blows up what would be the implications?

Discussion in 'Wall St. News' started by mahram, Oct 26, 2008.

  1. I was wondering, what kind of shocks it would send throught the street. Citadel does alot of option works, not only in stocks but futures, and everything in between. if they were to go down, would it be worst then lehman going bankrupt.
  2. mokwit


    Market for stuffed sharks preserved in formaldehyde would tank (no pun intended).

  3. probably marked the high for the industry.

    Goes to show there is a market for garbage.

    Just package and market it well.
  4. solyaris


    doesn't matter. clients lose money, they start again with fresh capital after a depression of 2-3 months...
  5. putz SAC is in cash
  6. patchie


    SAC is in cash but you really have to wonder what the real cause behind that is. It seems he not only went to cash but is terminating all of his employees; including teh shuttering of the London Office. That means he is not set up for any type of a recovery that would include the need for resources. Not sure how you get back into a market if you have no traders. And I doubt very much that they will be sitting back waiting for his call the way he terminated them. Some with over 20 years service.

    Could be that the net the regulators cast over Wall Street captured SAC.

    As for how the markets would fare - probably much better without the fraud and manipulation of SAC involved.