any way watch this segment now that its off the air??? im certainly not going to watch donny deutsche bag awaiting my chance to see it. thx flytiger
Part 1: http://putstuff.putfile.com/38497/3774944 Part 2: http://putstuff.putfile.com/38502/6651271 I think they chopped it up. I asked him to address something, he said he did, and I don't see it. Very revealing personal history though. From what I know, I think Wall St. Wishes they never fucked with him. Not only does he have the balls to stand up for himself, and everybody else, he was willing to committ assets to the fight. Nobody else had any left.
i incorrectly posted my growth traget as 20.66%. i neglected to account for returns in the q4/2006 transaction number. it should be brought down by an estimate for returns; say 6% or so. that leads to a range of about 13% -18% as opposed to 20%-25%. all in all, still would be good. <IV
doesn't matter. If they don't settle a trade for two years, what the hell is the difference what he does? It's like being in the second grade, and have a sixth grader sit on you. The only thing that will really change it is if the gate keepers do their job. I don't know if you saw it, but a Cohen guy got fined 150k for stealing 4mm. It was PIPEs related. Now what sort of deterrent is that?
there is a reason why I'm putting this here. Think about it. How do you not settle trades for two years, and get away with it????? http://money.cnn.com/2007/01/31/news/sec.reut/index.htm?section=money_topstories Senators accuse SEC of questionable firing Two Republican senators say details of the 2005 dismissal 'paint a picture of a trouble agency' which may not be protecting all investors equally. January 31 2007: 7:25 PM EST WASHINGTON (Reuters) -- Two Republican senators on Wednesday accused the Securities and Exchange Commission of seriously mishandling the 2005 dismissal of an agency investigator, who alleges he was fired after an insider trading probe got too close to a powerful Wall Street banker. Interim findings of an inquiry into the matter by congressional committee staffers "paint a picture of a troubled agency that faces serious questions about public confidence, the integrity of its investigations and its ability to protect all investors, large and small, with an even hand," Sen. Charles Grassley of Iowa said on the Senate floor. A minimum wage increase bill is stalled in the senate. CNN's Christine Romans reports.(January 30) Grassley said the termination of Gary Aguirre, the former investigator, was "highly suspect" and that an inquiry into it by the SEC's inspector general office was "seriously and fatally flawed." Sen. Arlen Specter, who has worked with Grassley on the matter, also criticized the agency. "At best, the picture shows extraordinarily lax enforcement by the SEC and it may even indicate a cover-up," the Pennsylvania Republican said. House creates bill to head off Wal-Mart bank Before he was fired more than a year ago, Aguirre was leading an insider trading probe involving hedge fund Pequot Capital and John Mack, who is the chief executive of Morgan Stanley (Charts). Aguirre has said publicly that the investigation led him to suspect Mack tipped Pequot to a 2001 merger deal that allowed the hedge fund to make an illegal $18 million insider-trading profit. Aguirre wanted to subpoena Mack, but said he was stopped by SEC supervisors because of Mack's political clout. Morgan Stanley could not be reached for comment immediately. The SEC said in a statement it had not yet read the interim final report from Grassley and Specter. "But we respect and appreciate the oversight role of the Congress and we have fully cooperated at every stage of the review. We will carefully consider the report's findings and recommendations," it said. Watch the Video of the DEC 5 subcommitte meeting. You won't believe it.
16:20 OSTK Overstock.com anounces lawsuit against prime brokers (15.11 +0.51) Co announces that it has filed a lawsuit in the Superior Court of California, County of San Francisco against Morgan Stanley, Goldman Sachs, Bear Stearns, Bank of America Securities, Bank of New York, Citigroup, Credit Suisse, Deutsche Bank Securities, Merrill Lynch, Pierce, Fenner & Smith, UBS Financial Services, and others. Certain shareholders of the co have joined OSTK in the suit. The suit alleges that the defendants, who control over 80% of the prime brokerage market, participated in a massive, illegal stock market manipulation scheme and that the defendants had no intention of covering such orders with borrowed stock, as they are required to do, causing what are referred to as "fails to deliver." The suit also alleges that the defendants' actions caused and continue to cause dramatic distortions with regard to the nature and amount of trading in the co's stock which have caused the share price of the co's stock to dramatically drop. The suit also alleges that the defendants' actions caused and continue to cause dramatic distortions with regard to the nature and amount of trading in the co's stock which have caused the share price of the co's stock to dramatically drop. The company is seeking damages of $3.48 billion.
Let me paraphrase (from the point of view of an Overstock.com guy): Overstock.com isn't doing well so we can't blame ourselves so lets blame the short sellers. Wouldn't that be great if we could get some money out of this too - yes, let's try that. The company surely isn't making any.
Let me paraphrase it. You can't settle a trade for two years? Anyone wonder ing why the "obstruction of justice charges" being weighed vs. the SEC gets no publicity? How big is this payroll? The SEC scandal alone has the ability to instill a crisis of confidence. I will tell you, if Patrick pulled the trigger, he has them dead to rights. All they had to do was settle the trades. Naw, that takes to long. Let's help Grandma meet her maker today. Duck boys. The excrement is about to hit the oscillator. You already know all the players. Search Dow News for Woltz, money laundering. He admitted doing 7mm himself. Same scam.
Two in the works. They really need to wait, though. The Senate Aguirre hearing, largely ignored by the Press (the alledgedly paid off press (that story is coming)) is remarkable. In the statements on the floor of the Senate, Specter singled out Paul Berger as only one of several whose written testimony didn't match his oral statements. Berger, if you do not know, was a superior of Aguirre, who went on to become a partner of a very prestigious law firm that represents hedge fund. Because, if you're looking for the best, why go to Brown, or Yale? You'd want to sift through that tremendous basket of raw talent at the SEC, and start them at 500. Oh yeah. Great book. I've already told the authors the title they need to chose. " I wuz fucked". By the way, to the best of my knowledge, which mostly is limited to heresay and innuendo, Aguirre just fell from the sky. He has nothing to do with us. I have the pdf of the OVerstock lawsuit. The 3.48 bill is just a start. If you want to see it, let me know how to post it for you in pdf foremat. If not, don't tell me.