FRONTLINE: MF Global's Six Billion Dollar Bet

[tenthousandmen]

What's corzine's problem? If he wants to be as cool as a banker or manager, then be a banker or manager-not a broker!!!!!!!!!!!!!!!!!!!!!!

 

[timcar]

I like this new saying

"The stock market is no longer the common ownership of the means of production: it’s a place where early-stage investors can exit to a group of muppets and high-frequency traders.”

 

[Ghost of Cutten]

"This film is not available in your region because of rights restrictions. We apologize for the inconvenience."

Anyone care to summarise the main points in the documentary?

 

[Swan Noir]

Nothing could be further from the truth. While he started in bucket shops and maintained his respect for the tape all his life he kept well informed about financial conditions and the specifics of the major companies and any others in his sphere.

It is fair to say he was a "speculator, pure and simple" yet it is not accurate to say he ignored a company's prospects. He initiated his timing from the tape and used it to find where the money was headed but he ignored nothing. The source you cite is simply dead wrong.

Quote from timcar:

From the "American experience" Crash of 1929


Few Americans in 1929 lived like Jesse Livermore, but there was a rising expectation that everyone could have a piece of this prosperity.


Jesse Livermore, whose fortune was estimated at over $100 million, never did anything in his life but play the market.

Livermore was a speculator, pure and simple. He didn�t study the health of a company. He didn�t care whether it made a profit or paid a dividend. For him, the stock market was an abstract game of numbers.

 

[kinggyppo]

http://online.wsj.com/article/SB10001424052702304821304577440693850068120.html?mod=wsj_share_tweet

 

[adadadog]

This event demonstrated again: crime is the privilege for the "chosen people".

 

[Pekelo]

Quote from Ghost of Cutten:

"This film is not available in your region because of rights restrictions. We apologize for the inconvenience.

http://labnol.blogspot.com/2005/12/how-to-access-blocked-websites.html

 

[billyjoerob]

Corzine just sold his apartment at a big loss. He may be down his lunch money.

 

[Retired]

Obama talks about reforming the Wall Street, except those who are his buddies.

 

[PocketChange]

If your a regulator what are you going to do?

Work your ass off for $200K and go to war with your future employers or make the records and problem go away, take early retirement and accept your new $2M consultancy with a firm you were suppose to be regulating?

No one will go to jail cause they are all in bed together.