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| User Info | Janet's Insight On Acquittals.... in forum [Ticker] | |||
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Genesis Posts: 71432 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/1614-J....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-11-11 15:33:25
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Dakine2004 Posts: 5439 Incept: 2007-10-23 
MD.MI.NC.SD. Online
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Quote:Bear Stearns High Grade Structured Credit Strategies Enhanced Leverage fund You can't make this stuff up... Sounds like something Wile E. Coyote would buy...
2009-11-11 15:50:19
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Ssg263 Posts: 100 Incept: 2009-01-07 
NY
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Ralph's son was a friend of mine in high school, we played on the football team together. Having said that, it's too bad this scam artist isn't going to jail. He is typical Wall Street scum who thinks he's above morality- and the legal system just confirmed his thinking
2009-11-11 15:52:56
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Hankrearden Posts: 48 Incept: 2009-08-21 Atlanta
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Karl, don't know if you read it but William Cohan's recent book House of Cards lays out the Bear Stearns demise in detail, including the efforts by Cioffi and Tannin to forestall the demise of the 2 hedge funds they managed to blow up. I think the jury in this case must have been sychophants to the lure of the Wall Street Gods, as I heard one of them said they would invest money with those guys even today.
2009-11-11 15:59:13
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Mabman Posts: 19 Incept: 2009-11-08
toronto
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Look at the $5 call options for this month and next. 4000 nov 5 calls traded 3200 dec 5 calls traded very little open interest prior to these trades. add this to the list of 'insider leaks'
2009-11-11 16:15:21
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Aliveh Posts: 2610 Incept: 2008-01-18
Los Angeles
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call options on what underlier?
2009-11-11 16:17:11
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Vacanthomes Posts: 16 Incept: 2008-07-07 Detroit, MI
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Karl -- Congratulations on making into the Periodic Table of Finance Bloggers! http://slopeofhope.com/2009/11/the-perio.... Element "KD" has a nice ring to it. :) (Off-topic and sorry if this has been mentioned previously but I didn't see it on a search of tickerforum.org ...)
2009-11-11 16:24:51
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Lop60068 Posts: 11 Incept: 2009-09-17 Chicago
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I really need to read her book. These guys are scum and they got away with it. This is looters paradise.
2009-11-11 16:35:19
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Mabman Posts: 19 Incept: 2009-11-08
toronto
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COMS takeover by Hewlett OH HOW NICE, ALL OF THE STRANGE NOV AND DEC HUGE $5.00 CALL VOLUME TODAY 3961 volume on the Nov $5.00, and 3269 on the Dec, this volume is huge for both of these strikes, now do you think the crooked Wall Street bastards knew something about it before it happen, and told all their close buddy’s, look like the SEC will have take a good look at these criminals and going after all of them.
2009-11-11 16:41:06
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Coaster Posts: 193 Incept: 2008-07-25 Maine
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I'm no finance guy, but even I understood that. Holy ****e.
2009-11-11 16:49:26
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Eaglewwit Posts: 1890 Incept: 2007-11-30 SoCal
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So Janet worked for Goldman Sachs? This might hurt her credibility with me.
---------- "Not even I imagined we would see trillions of dollars being created and given to the culprits as a means of allegedly "saving" the system. This is not mere Keynesianism; it is Keynesianism on steroids and crystal meth."
2009-11-11 20:18:34
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Nanna Posts: 2630 Incept: 2008-01-20 NY State
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Just cause he was selling it didn't mean y'all had to buy it. Everyone wants to make money at the expense of the other guy ... until they're the other guy. To me, this is SSDD. Maybe I'm just jaded. Bottom line is, that we can't create value by keeping selling back the same **** over and again. Ground beef ain't steak, no matter who says so. To think that this is different from the previous or subsequent iterations just isn't news, at least to me.
2009-11-11 20:32:28
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Doctorbob Posts: 812 Incept: 2009-06-03 Gusher of black gold
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Quote:So Janet worked for Goldman Sachs? This might hurt her credibility with me.And she was schmoozing and was schmoozed by the alledged criminals in this case. Wall Street is a swarming mass of parasitic maggots, none of whom have any morals. Some are just more afraid of getting caught. Based on the people in her article -- Ralph Cioffi, Matthew Tannin, Janet Tavakoli, Stanley Diller, Ed Rappa, and Matt Goldstein -- I rest my case.
2009-11-11 22:40:02
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Analyzer Posts: 2240 Incept: 2007-08-22
Paradise
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I made a comment stating the likelihood of their acquittal a couple of weeks ago - after posting an article indicating the prosecutors were doing a poor job stating their case. I doubt Cioffi and Tannin were completely innocent. It was badly prosecuted. Prosecutors made a mistake long before the case went to trial releasing tiny quotes from Cioffi without providing the full context of their quotes; and later made mistakes in the case by being adversarial in every way possible with the appointed judge. ---------- =========================================================== " October is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February." Mark Twain (1835-1910)
2009-11-11 23:31:33
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Mikeri Posts: 140 Incept: 2007-10-04
Natchez, MS
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Banana Republic. No controlling moral authority. ETC. When the reports came of the presiding judge throwing out evidence that supported the gov't case, I knew the fix was in. My tinfoil opinion: the money embilical cord between Wall St and DC is just so big, that if you go after these people, DC runs the risk of the sewer money coming to light. It's an old story. DISGUSTING. My idea is to have a conservative state use the long arm statute. All these Wall St. banks do business all over the country. Any state could go after them. Take my state for example, Mississippi. Surely there was at least 1 stupid inverstor from MS involved with these criminals. The long arm statutes can drag any business doing business in its state into court. I don't want Cuomo in NY doing it. I want a state in the flyover to do it. I want Wall St scared to find someone to buy off in the flyover. Screw the Northeast. This so reminds me of why the South seceded. It was the failure of the Consitution to protect the South in the appropriation process in the House of Rep. The South produce 70% of the revenues from export tariffs, and .....you will never believe this....the north appropriate 70% of the revenues for itself. The North needed the South. The South did not need the north. But alas, most people today think that war was about slavery. HAHAhaHAHAHAHAHAHAHAHAHA. What a hoot. Let the Northeast run with our money again. History rhymes.
2009-11-12 06:44:27
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Steelhead23 Posts: 389 Incept: 2008-09-09 Portland OR
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It is very disappointing that these sharpies were aquitted. But, they still face some federal charges and no doubt the investor suits will trim their sails. In a way, the aquittal goes to show you how the public views business, and investment in general - all business is risky and bankers are Shylocks - why should we expect Cioffi and Tannin to be any different? While such a perception may have helped keep these two, and others, out of jail, it is not a healthy view of the markets in general. It will take a long time for the market volume to recover.
---------- short em all - let God sort em out!
2009-11-12 10:20:06
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Bezzle Posts: 3859 Incept: 2009-08-02
Moonbat Patrol
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Analyzer wrote..Prosecutors made a mistake long before the case went to trial releasing tiny quotes from Cioffi without providing the full context of their quotes; and later made mistakes in the case by being adversarial in every way possible with the appointed judge.They didn't make "mistakes"; they acted their part perfectly, and the desired outcome (for the pigsters) was achieved. ---------- Why would you try to stop this? A bond-market dislocation puts an instant stop to all the bull****. It is the only limiting factor left in this interventionist madness. It is an almost holy event. -- Christian Gustafson
2009-11-12 19:38:37
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Binney Posts: 2326 Incept: 2008-08-27
Riverhead, NY
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I cannot believe that my firm did not receive any sort of subpoena. A very large real estate transaction was abruptly cancelled at a stratgegic point in time ... poorly investigated.
---------- Holy crap!!!! I'm a left leaning authoritarian!
2009-11-13 08:28:23
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Analyzer Posts: 2240 Incept: 2007-08-22
Paradise
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This is a good summary describing why the case went awry: http://dealbook.blogs.nytimes.com/2009/1.... Bear Stearns Trial: How the Scapegoats Escaped (New York Times) ---------- =========================================================== " October is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February." Mark Twain (1835-1910)
2009-11-14 05:17:28
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