Discussion in 'Data Sets and Feeds' started by Banjo, May 28, 2008.
Just action and announcement to appease the public. Probably won't take any action. Bernanke was meeting with them, Rubin, and GS heads. Fed should also be investigated as well but we all know these things will never happen.
All except Bear Stearns people at the lunch on March 11th. Bernanke states that he didn't know of Bear Stearns trouble until the 13th. Fed blacks out identities of attendies at all three sessions that Bernanke attended while in New York.
after reading the wall street journal piece on the bear stears failure this morning are the sec fucking stupid or something.
quote ' bear drafted in loads of bankruptcy lawyers and specialists to advise them as early as thursday and put them up in a suite on the 6th floor'
what they dont think these people know someone or even shorted the shares themselves.
come on sec wake up
can you imagine the receptionist who has her life savings in bear stears signing in the bankruptcy lawyers in the morning.
yes go up to the 6th floor and by the way why are you all here.
I'm less than amazed that the SEC staffers could not get into a top law firm first time around.
In case you did not know the SEC is for people who could not get into a top I-Bank or law firm from school so they go to the SEC to get the inside knowledge and contacts that will make it worthwhile for the banks and law firms to hire them even though they are tools who they would not hire out of college.
This of course explains why they act FOR the I-banks and only lightly slap their wrists. Don't want to offend their dream future employer.
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