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The Raids Have Begun: Let the "Integrity" of Our Markets Find a Way to Prevail!


Guest ValueCarl
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Guest ValueCarl

The offices of Diamondback Capital Management LLC and Level Global Investors LP were raided. Both hedge funds are run by former managers of Steve Cohen's SAC Capital Advisors.

 

The third firm raided is Loch Capital Management LLC, based in Boston, people familiar with the matter say. Leonard Pierce, a lawyer for Loch Capital, declined to immediately comment.

 

"The FBI is executing court-authorized search warrants in an ongoing investigation," said Richard Kolko, an FBI spokesman, who declined to comment further.

 

 

 

http://online.wsj.com/article/SB10001424052748704243904575630693960704872.html?mod=WSJ_hp_LEADNewsCollection

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The problem is that it's like the mob.  The top guys are smart enough to keep a hierarchy, so you send the minions out to their own shops, not related to the main shop.  When the Fed comes, they take out the feeder arms but it's very hard to take out the head honcho.  Hopefully this isn't another useless investigation, but one that finds real evidence.  Cheers! 

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Guest ValueCarl

Omerta, or the "code of silence," a form of "honor" for the older school mobsters, with their descendants who are intertwined in the financial markets today, and mixed up with the characters we will keep witnessing come to the forefront of these investigations, has been broken a long time ago.

 

Today's criminals are too short sighted over doing the necessary time for their iniquity. It's kind of like how fast they want to trade in and out of HFT vehicles! Long term sacrifice is lost in their world.

 

These extensions or "feeders" will squeal like the pigs that they are! If we don't see household names on the FBI's chopping block, along with draconian penalties, the US financial markets and capitalism will have lost its courage forging ahead. Without courage, excellence is impossible to be realized, for fear and uncertainty would rule.  >:( 

     

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I agree Sanjeev,

 

It sounds like Cohen always told his people to "get better information" . . . those that somehow did were given their own feeder funds, those that didn't were fired . . . but he never actually told them to insider trade.

 

I would settle for ruining his reputation, shedding some light on what's been going on, and putting a stop to it . . . hopefully that isn't too much to ask for

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Carl...as our resident conspiracy theorist, one applauds your tenacity in all things conspiratorial.  Certainly we will all be, at least entertained, if not enlightened.   ;)

 

Bringing things back to valuation, is there any monetary value in this or just protection of reputation for FFH?

 

-O

 

Omerta, or the "code of silence," a form of "honor" for the older school mobsters, with their descendants who are intertwined in the financial markets today, and mixed up with the characters we will keep witnessing come to the forefront of these investigations, has been broken a long time ago.

 

Today's criminals are too short sighted over doing the necessary time for their iniquity. It's kind of like how fast they want to trade in and out of HFT vehicles! Long term sacrifice is lost in their world.

 

These extensions or "feeders" will squeal like the pigs that they are! If we don't see household names on the FBI's chopping block, along with draconian penalties, the US financial markets and capitalism will have lost its courage forging ahead. Without courage, excellence is impossible to be realized, for fear and uncertainty would rule.  >:( 

     

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Bringing things back to valuation, is there any monetary value in this or just protection of reputation for FFH?

 

Don't include it in any valuation...treat it as a call option.  It could be a significant monetary gain if they win, but I think it would be dragged through court for many, many years.  At the very least, it would be a moral victory, but there is always the possibility of some sort of settlement if the courts back Fairfax.  Cheers!

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Carl...as our resident conspiracy theorist, one applauds your tenacity in all things conspiratorial.  Certainly we will all be, at least entertained, if not enlightened.   ;)

 

Bringing things back to valuation, is there any monetary value in this or just protection of reputation for FFH?

 

-O

 

Omerta, or the "code of silence," a form of "honor" for the older school mobsters, with their descendants who are intertwined in the financial markets today, and mixed up with the characters we will keep witnessing come to the forefront of these investigations, has been broken a long time ago.

 

Today's criminals are too short sighted over doing the necessary time for their iniquity. It's kind of like how fast they want to trade in and out of HFT vehicles! Long term sacrifice is lost in their world.

 

These extensions or "feeders" will squeal like the pigs that they are! If we don't see household names on the FBI's chopping block, along with draconian penalties, the US financial markets and capitalism will have lost its courage forging ahead. Without courage, excellence is impossible to be realized, for fear and uncertainty would rule.  >:( 

     

 

It's not paranoia when they're really after you! ::)

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Guest ValueCarl

No, no, gentlemen and ladies too. Conspiracy theories irrespective of their merit shall not be tolerated on this forum even if part of the destruction which has unraveled the financial markets and shook capitalism to its very core, began with the criminals behind such a "conspiracy," calling its fearless, out spoken leader, Dr. Patrick Byrne, a kook who was wearing his "tin foil hat" while identifying "illegal naked short selling" by a "cabal of miscreants," who subscribe to and attend "Miscreant Balls!"

 

Today, us NUTZ have been denigrated to only dealing with reality based upon certain facts being delivered in the news.

 

Let's review these facts:

 

A deep probing FBI raid began on the east coast this morning, including two hedge funds whom are extensions to and bi-products of Stevie Cohen, of SAC Capital.

 

A third one was tied to The Galleon Group, where up until now, it was considered the largest hedge fund, "insider trading" case ever!

 

There will be much more news to follow heading into the holidays, so stay close to your wires, and don't rule out aliens and flying saucers entirely just yet!

 

At the same time, if you happen to see a guy being arrested in a dark blue, wool PEA COAT, considered to be a wolf on Wall Street who eats investor sheep, you'll know why ICAN believe in conspiracies.  8)              

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At the same time, if you happen to see a guy being arrested in a dark blue, wool PEA COAT, considered to be a wolf on Wall Street who eats investor sheep, you'll know why ICAN believe in conspiracies.

 

Very subtle; I love it.

 

How about this: Those who have been MILKIN' the system since the 80's will be brought to justice.

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Guest ValueCarl

I LUV yours more, because truthfully, out of respect for the courageous, Dr. Byrne, I plagiarized "ICAN" from that long ago conference call! 

 

As much as taking down the Wolf of Wall Street in his wool pea coat would make me happy, getting that SITH LORD back behind bars would be wonderful too!  8)

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