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Staffer at SEC Had Warned Of Madoff Lawyer Raised Alarm, Then Was Pointed Elsewhere An investigator at the Securities and Exchange Commission warned superiors as far back as 2004 about irregularities at Bernard L. Madoff's financial management firm, but she was told to focus on an unrelated...

Insana became a big disappointment. He has been chasing the money as fast as he can and he always seems to show up after the bank has been robbed. Insana never had the genius to run a hedge fund but he tried anyway because that was where it was perceived that money was easy pickings. He...

The answer to higher fees, less business. Lets move back to cash and eliminate all opportunity for these banks to create profit off the consumer. Balance transfers at 5%. At 3% it was a scam so at 5% it is theft.

It must be a populist overreaction that the economy has crashed, unemployment is high all over, housing market sucks, and a heavily bailed out Wall Street is once again licking their chops at huge pay increases and record bonuses. It wasn't main street that was receiving taxpayer bailouts, it...

No Not really. I am not sure that there is a lucid thought by that individual.

Michael Milken, 60,000 Deaths, and the Story of Dendreon (Chapter 2 of 15) Posted on 21 June 2009 by Mark Mitchell Tags: Dendreon, hedge fund, Jim Cramer, married put, Michael Milken, naked short selling, short seller, stock manipulation What follows is PART 2 of a 15-PART series. The...

Michael Milken, 60,000 Deaths, and the Story of Dendreon (Chapter 1 of 15) Posted on 18 June 2009 by Mark Mitchell What follows is part 1 of a 15-part series. The remaining installments will appear on Deep Capture over the next several weeks, after which point the story will be published...

What is interesting about this turn of events is that it was just last September that MS had one foot in the grave. Now, a mere 8 months later they are spinning tales of profitability and have a clean bill of heath from the Treasury’s stress test. Just imagine: In September the stock was...

Morgan Stanley to repay TARP NEW YORK -- Morgan Stanley is expected to repay its government bailout money on Wednesday, according to a person familiar with the talks between the bank and the government. The investment bank will return all of the $10 billion in loans it received last fall...

Ahhh, it should have gone to zero, the company is bankrupt. Equity holders will get zero value out of the re-org.

I was impressed in the fact that the traders from these major banks (most likely highly compensated traders) figured that this was a guaranteed bet. no downside. The fact that the firms felt this way, and are now crying about the loss, imples that they haven't a clue what risk management is...

A Daring Trade Has Wall Street Seething Texas Brokerage Firm Outwits the Big Banks in a Mortgage-Related Deal, and Now It's War By GREGORY ZUCKERMAN, SERENA NG and LIZ RAPPAPORT A canny trade by a small brokerage firm in two markets at the heart of the financial crisis has left some of...

How Traders Killed Value Investing Want to know why GM stock is above zero? Look to hedge funds and short-term trading. By DAVID WEIDNER Long before the June 1 negotiating deadline, it became quite clear that General Motor<file:///public/quotes/main.html?type=djn&symbol=gm>s Corp. was...

Circuit Breakers are useless and sophisticated manipulators will find ways around them. Circuit breakers automatically accept a certain degree of abuse before they even kick in. The Hard Borrow - no shorting until posession is in hand - is clearly the easiest to impose and the best for...

Somehow those morons in the Boston SEC Office are still under the impression that it is the 'brick and mortar' of a company that commits fraud that is why the 'brick and mortar' and not flesh and blood employees are held accountable. So how was it decided who would and who would not be...

Several commentators have recommended a more permanent pre-borrow requirement, the GAO said. However, the organization noted that the SEC is more cautious about this. "SEC staff said that they are continuing to evaluate the appropriateness of a pre-borrow requirement for addressing FTD and...

'Naked' Short Selling in Lawmakers' Sights By MICHAEL R. CRITTENDEN and KARA SCANNELL WASHINGTON -- The Securities and Exchange Commission needs to take further steps to crack down on "naked" short selling, U.S. lawmakers said Wednesday, after government auditors recommended more...

Who gives a rats ass? Educated people lose jobs on a regular basis all the time and many lose everything thereafter. it suddenly hits wall street and we should all pull out the crying towel. This guy fell into a high paying job by average income standards and now he has fallen out of it...

Beware of Wells Fargo (Formerly Wachovia Securities). If you think you can purchase securities in your account and will be able to do so forever, guess again. Wells Fargo may arbitrarily restrict you and all other clients from purchasing shares in a security after you have created a...

You mean this genius knows who I am? was it rocket science that figured it out for him? I thought maybe my moniker, or display of my website was a big enough clue but apparently not. Never was really that impressed with these jamokes.