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User Info Insider Trading Busts: "A Good Start" in forum [Ticker]
Genesis
Posts: 66463
Incept: 2007-06-26
A True American Patriot!
Royal Flush!
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http://market-ticker.org/archives/1583-I....

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I used to play flute; I wonder if I can play a fife?
I incite prosecutors to create "Bubba Sausage Parking Lot" projects
Darrell Issa has a middle finger and knows how to use it - Me
2009-11-05 09:32:13
Snowman
Posts: 785
Incept: 2009-03-09
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Always wondered about hedgies, and who is the guy Margin that keeps calling me?

2009-11-05 09:43:22
Sideler
Posts: 742
Incept: 2007-11-10
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Let's get this party started!

2009-11-05 09:46:21
Maxi
Posts: 26
Incept: 2009-10-13
Lander, WY
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I am so not impressed. This is just another case of the government looking busy by catching and prosecuting Goldfish, while the Sharks continue the feeding frenzy.

The FBI should have its own show on The Comedy Channel.

2009-11-05 10:04:50
Noobage
Posts: 390
Incept: 2008-03-09
Pigmen's Planet
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Exactly, small players get punished but they will never ever go after something like GS or JPM.

2009-11-05 10:39:55
Phirang
Posts: 8084
Incept: 2008-10-25

Fields of Cannae
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I am disappointed you find this satisfying: it's exactly why it's being done: to satisfy people and change nothing... just like toothless Bair and irrelevant Warren.

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In the space of a weekend, I nearly lost everything and got it all back. - Clayton Riddell
2009-11-05 10:45:49
Throxxofvron
Posts: 2248
Incept: 2009-02-17

The Land of Bilk & Money
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Out back Regulators look busy making noise Shooting at mice while the Wolves freely enter through the front door and carry off the Children at Their leisure...

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DIONYSUS: " Thou hast no knowledge of the life thou art leading; thy very existence is now a mystery to thee. " -from 'The Bacchantes' By Euripides

“During times of universal deceit, telling the truth becomes a revolutionary act.” -George Orwell

2009-11-05 11:14:25
Sideler
Posts: 742
Incept: 2007-11-10
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Throxx, Perfect summation.

2009-11-05 11:23:13
Phirang
Posts: 8084
Incept: 2008-10-25

Fields of Cannae
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For the record, I'm a nobody.

The fact I personally know people getting caught up in this proves it's a giant nothingburger.

I want 5th generation HARVARD LAW/MBA's GOING TO JAIL, NOT THESE THIRD-TIER NOBODIES!!!

But you can bet YOUR ****ING ASS THEY WON'T: THEY OWN CONGRESS. WHO DO YOU THINK PAYS FOR THE FUNDRAISERS, EH??? J6P??? YOU ****ING KIDDING ME???

BOUGHT AND SOLD BY YOUR MASTERS.

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In the space of a weekend, I nearly lost everything and got it all back. - Clayton Riddell

Last modified: 2009-11-05 11:26:04 by phirang
Reason: relative pronouns

2009-11-05 11:24:50
Gamma
Posts: 1702
Incept: 2008-01-20

Northern CA
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What are we supposed to call persecution of 1% of the fraud committed over the past 4 years? A good start? Bridge to the next bubble?

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It's better to donate a Ford to the Kidney Foundation than a Kidney to the Ford Foundation.
2009-11-05 11:24:56
Doctorbob
Posts: 774
Incept: 2009-06-03
Gusher of black gold
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In the Milken/Boskey insider trading-ring the 23 convicted stole a lot more than these guys did, and no one served over about three years. Milken's fine was $400 million and Boskey's fine was $100 million.

Both are still filthy rich.




2009-11-05 13:16:40
Asimov
Posts: 21235
Incept: 2007-08-26

east tennessee
Online
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Up to 14 arrested today according to bloomberg tv and at least 1 on the run.

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It's justifiably immoral to try to deal in a moral fashion with an immoral entity.

If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
2009-11-05 13:40:17
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