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Actions speak louder than words, SAC is raising money. Why would a fund which had claimed to be sitting mostly on cash and that has had quite a bit of trouble in recent years getting good returns because of its size seek to raise funds in this environment? SAC¡¯s capital raising was painted as...

Loophole. :D :D :D

Oh baby! Sweet heart hunny buns! Are they all like you where you come from? :D Even if the squeeze happened in the United States, no one will be getting their money back. Go to court against Porsche? Sweet child, at this point SAC does not have the money to take on one of Germany's industrial...

6 billion is way too low. Shares in Volkswagen surged past EUR 1,200 from EUR 200 before the squeeze ended. The funny thing is that the shorts appeared to be succeeding just before the squeeze was initiated. The losses were huge and this was a trade that SAC probably entered into only in October...

Porsche¡¯s innocence or guilt is not the question here. There would be riots in Europe if the courts for some reason found in favor of the hedge funds and broke those trades. Even if Bafin did find Porsche guilty of breaking the rules, Porsche will be treated like a hedge fund and basically...

The suggestion that people who are interested in SAC's losses on Volkswagen are simply vicious and jealous is offensive. Let me lay it out again for those who insist on painting others in a negative light: 1. SAC tells the world that it has shifted out of securities into cash 2. Short...

Porsche did the smart thing by allowing the squeeze to resolve otherwise the trades might have been broken. What I want to know is how much SAC lost on the Volkswagen trade as they are now looking to raise money. Not only are they opening up to new money for the first time in a very long time...

Did Lehman not try to raise money too? :D :D :D

Rob a guy on the street and the state incarcerates you. Steal from thousands on the market and you are called smart money.

:D :D :D Go DOJ!

Billions can evaporate very quickly, just look at the Hunt brothers. The ether has been filled with chatter of how much people have lost. If Picken's BP capital is any measure, just the trade in crude futures alone would have resulted in quite a licking for most if not all the major funds. This...

To say that SAC blew up is a little rich but most hedge funds have probably under reported their losses. Many funds are still marking to model on their ABS assets and who knows how they have been valuing their exotic portfolio. On top of the assets that have been trapped by Lehman¡¯s...

That short squeeze plus missing out on the rally is going to make 2008 a really bad year for Steve! :D Any guesses on how much SAC lost on the Volkswagen trade?

http://www.nytimes.com/2008/10/29/nyregion/29irs.html?_r=1&ref=nyregion&oref=slogin Unbelievably sick.

http://www.nypost.com/pagesixmag/issues/20081026/5+Stages+Wall+Street+Grief Only the Page 6 of the NY Post publishes the truth. Everyone else tells placid lies. Let it never be said that the NY Post is trash.

Most of them cannot run back to school because there are not enough places in the top 25 programs to accommodate all of them. And if these kids want to get back into the game via a comfy gig at some big name bank, then they really need to get into the top 10 to have a chance. Many, many people...

http://www.nytimes.com/2008/10/24/nyregion/24leave.html?em Three chairs, ten hungry people. Most of them will have to leave. It will take a lot more than a market meltdown to lower prices in the City so that the unemployed will find it cheap enough to hang around.

For Lehman Employees, the Collapse Is Personal How stupid do you have to be to have put a giant corporation in a position where there is no choice but a fire sale? Bear Stearns was bad, but Lehman has succeeded in taking stupid to another level. :D

Bumped Bankers Go Bonkers! Definitely more pleasure than pain!

People like to look down on India and Indians. The article suggests that Indians are used to do comps and such because they are cheap. There is no doubt that they are cheaper than the New York brats, but let's face it, people are turning to India also because they are good. Outsource the grunt...