One thing that concerns me is when people distort the facts.
When Roberk implies that Linda Raschke and/or Larry Williams are less than skilled, he is simply wrong. Both are skilled. Both experienced. Both can make money in the markets. I have seen it.
What happens I think is that people who operate in financial markets KNOW just how difficult it is make money consistently. Those lucky enough to develop a following have to decide whether to go for the "easy money", the consistent money, and in some cases, the big money that can be had if they just market their names. I used to think it was a character issue. But as of this date I find that it is not so cut and dried.
Of the two, I have spent more time with Linda. I find that she genuinely enjoys teaching people, and in my opinion she is pretty good at it. Larry on the other hand (and it is just one man's opinion) could care less. He wants to subsidize his trading account and to make a good living. As with most things in life, when you look into the subject in detail, the issues become more complex.
As it relates to this thread, I have no idea what has transpired. Most of my family members however are attorneys, and over a period of years, one picks up the concept that having the justice department or the IRS come after you is bad, bad news. In general they don't (come after you) unless they are pretty confident that they have a strong case.
Steve
