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It is an outrageous decision, however it's pretty indisputable that hawala, although designed for and mostly used for honest purposes, is a money launderer's dream and is also often abused by money launderer's.

Somebody put their life savings in gold at the beginning of the month and is now flailing about with an amateurish pump and dump scheme. Which is doomed to failure because: a. The float of gold is massive and even if everyone on ET spent all their money on gold it wouldn't impact price by more...

No, they just hear stories about the big bad gubment and the "friend of a friend of a friend" who got totally screwed by the IRS. Sure there are a few a-hole IRS agents, just like any other field, and certainly you can dig up a few stories about nightmare audits. But it's losing the forest for...

Don't worry about me, I make plenty. I just get to choose how and where I do it and love what I do, which makes it so much better. I like to say it's like the difference between coach and business is huge, but the difference between business and first is ... meah. If I can work 30 hours a week...

That may be true! I find it's insanely hard to get those first customers but pretty easy once you've got a brand, at which point another great idea has occurred to me... I actually have mixed feelings about VCs, never been one and they have more than their fair share of people who are full of...

No, I'm mostly a serial entrepreneur these days, trade on the side. Took all the corp finance and corp law courses though, as well as negotiating a couple term sheets.

Berk & DeMarzo's Corporate Finance was my text, luckily I had one of them to teach the class as well so not sure I would have gotten as much out of it by just reading. Offshore ownership for tax purposes is pretty advanced, probably not something you can learn about in textbooks but some of the...

I think you're confused on some terms. In most cases insiders buy the same class of shares as everyone else. Preferred stock in an entirely different animal that has some characteristics of a bond and some of a stock. Private companies are also an entirely different animal, as are companies...

That particular deal was maybe a bit confusing, but for example if it was an all cash deal you'd get $X per share of the acquired company you owned. That price would be set in the tender and wouldn't change based on the acquiring company's stock price. Or you could have an all stock deal, maybe...

Yes, please do talk in a language we can understand, preferably English. Whatever you're talking now is gibberish!

That particular merger was a combination of cash and shares in Merrill Lynch. If you had owned First Republic Bank then the day the merger closed your First Republic Shares would go away and you'd find some shares of Merrill Lynch and some extra cash in your account. To your original case, yes...

So if Goldman goes back into prop trading that's better for retail traders? Intuitively I'd think the opposite, but I suppose it could go either way depending on your opinion of your own skills and resources vis-à-vis Goldman. In any event the banks were leaving prop trading anyway because of...

Don't confuse the man with facts, he wants an "intellectual discussion".

How?

For sure, if you can get it that's a good way to go. For my company I want my developers to fully understand our business, which is pretty arcane, and be fully invested in it. That requires that they be in the office with the program managers at least a couple days a week working through our...

PM me, although the remote work part probably is a show stopper.

I think your last paragraph says it all. If there is an imbalance in supply and demand it means there isn't enough supply to meet demand. That's the same as not enough, can't find it, don't have as many as you need.... When that happens the scarcity employees can demand a higher and higher wage...

You said " I'll be happy to see H1B abuse get cut down", I'm maintaining there is no such "abuse". You're claiming there's no shortage of STEM grads in the U.S., and I'm pointing out that the market is indicating the opposite. You're a case in point, $250K a year in upstate New York is easily...

Actually the paper your link quotes says "32 percent of computer science graduates not employed in information technology attributed their situation to a lack of available jobs", which is a very different thing than 32% of computer science graduates not being employed! While I agree about the...