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New York, 7:21 AM
Sat Nov 21
45 posts in the last 24 hours

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  • posts about #sec more →

    SEC's Settlement No Good, Says Judge

    The SEC's Madoff Report is the Starr Report of Finance: Hysterical, Embarrassing, Sad

    Regulators Blinded By Madoff's Neat-o Office

    SEC Still Investigating Steve Jobs, Stock Be Damned

    Mark Cuban's High Definition Dreams Crushed By Time Warner

    Danny Pang, California's Answer to Bernie Madoff, Arrested

    Danny Pang's Last Gamble

    Did Apple's Ex-CFO Rat Out Steve Jobs?

    A Generation of New York City's Corrupt Pols Laid Low

    SEC Busts the Next Best Thing to Bernie Madoff
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    Dsmvwl  Admin  Promote to frontpage Approve user Ban user ×
    Image of bluebears bluebears
    09/15/09

    In reply to SEC's Settlement No Good, Says Judge
    I'm far more disgusted with the SEC then Bank of America. What do those jackasses do all day?
     Reply
    bluebears was starred bluebears was unstarred
    Image of son of spam son of spam
    09/15/09

    @bluebears: [gawker.com]
     Reply
    son of spam was starred son of spam was unstarred
    Image of bluebears bluebears
    09/15/09

    @son of spam: huh. and here I thought they got the carpal tunnel from all the jacking off of wall street executives.
     Reply
    bluebears was starred bluebears was unstarred
    Image of kimsama kimsama
    09/15/09

    @bluebears: SEC hatin' is fun, but in reality, a lot of the problem is entrenched idiotic management, coupled with severe underfunding. They have some good people there on the lower rungs who try to make a difference, but when you've got two interns and one lawyer working a case for the SEC and the bank can afford to have 20 lawyers on the same case for their side, you're not going to be able to do much. Welcome to the wonderful world of deregulation.
     Reply
    kimsama was starred kimsama was unstarred
    Image of bluebears bluebears
    09/15/09

    @kimsama: good point but I still think there is too much hand holding between Wall Street and the SEC. Who isn't overworked these days?
     Reply
    bluebears was starred bluebears was unstarred
    Image of kimsama kimsama
    09/15/09

    @bluebears: Certainly, and I guess if the SEC were doing its job better and fining banks more heavily, the banks wouldn't have so much money to throw at lawyers.
     Reply
    kimsama was starred kimsama was unstarred
    Image of morninggloria morninggloria
    09/15/09

    In reply to SEC's Settlement No Good, Says Judge
    I was under the impression that the lawsuit was over the fact that Bank of America execs failed to disclose information on Merrill to the shareholders prior to the merger and that the bonuses went to Merrill execs, not BofA.

    I was also under the impression that Ken Lewis has a gigantic head that looks like a constipated potato.
     Reply
    morninggloria was starred morninggloria was unstarred
    Image of BettyCrocker BettyCrocker
    09/15/09

    In reply to SEC's Settlement No Good, Says Judge
    "I’m having a difficult time understanding who was harmed here," said Richard X. Bove, a banking analyst with Rochdale Securities. "Why is this company being put into court over a series of events that benefited the nation, its economy, its financial system, the shareholders of Bank of America and the bank itself."

    Um, Dick? Those bonuses came out of the shareholders' pockets. So the shareholders were harmed, because they weren't informed of them. Why were they not informed? Oh, I dunno. Maybe because they would have dumped the stock en masse?
     Reply
    BettyCrocker approved this comment BettyCrocker was starred BettyCrocker was unstarred
    Image of morninggloria morninggloria
    09/15/09

    @BettyCrocker: If they had known, the board of directors would have rejected the deal before it even went through and Merrill would have been the next Lehman.
     Reply
    morninggloria was starred morninggloria was unstarred
    Image of son of spam son of spam
    09/15/09

    @BettyCrocker: Quoting Dick Bove is like quoting Ron Paul.
     Reply
    son of spam was starred son of spam was unstarred
    Image of skippywasserman skippywasserman
    09/15/09

    In reply to SEC's Settlement No Good, Says Judge
    But if bankers cannot get off lightly for their mistakes how will they be completely isolated from negative consequences of their decisions?

    This is Communistism!
     Reply
    son of spam promoted this comment skippywasserman was starred skippywasserman was unstarred
    Image of son of spam son of spam
    09/15/09

    @skippywasserman: This is as much a setback for the SEC as for the bank. There is a good editorial in WSJ on it. That said, one of these bullets will eventually be caught by Ken Lewis.
     Reply
    son of spam was starred son of spam was unstarred
    Image of If_I_Had_a_Poodle If_I_Had_a_Poodle
    09/06/09

    In reply to The SEC's Madoff Report is the Starr Report of Finance: Hysterical, Embarrassing, Sad
    so we need smarter better regulators
     Reply
    If_I_Had_a_Poodle was starred If_I_Had_a_Poodle was unstarred
    Image of gladys_kravitz gladys_kravitz
    09/05/09

    In reply to The SEC's Madoff Report is the Starr Report of Finance: Hysterical, Embarrassing, Sad
    I guess the SEC was far too busy with Martha Stewart to bother following up on these baseless allegations.
     Reply
    gladys_kravitz was starred gladys_kravitz was unstarred
    Image of If_I_Had_a_Poodle If_I_Had_a_Poodle
    09/06/09

    @gladys_kravitz: thank u for remembering that. i am not a martha fan, but she did time for what the good old boyz do every day
     Reply
    If_I_Had_a_Poodle was starred If_I_Had_a_Poodle was unstarred
    Image of Mymoustache Mymoustache
    09/05/09

    In reply to The SEC's Madoff Report is the Starr Report of Finance: Hysterical, Embarrassing, Sad
    And we want to trust these people with our death panels?!?
     Reply
    Uncle_Billy_Slumming promoted this comment Mymoustache was starred Mymoustache was unstarred
    Image of Uncle_Billy_Slumming Uncle_Billy_Slumming
    09/05/09

    @Mymoustache:

    I wouldn't trust them to mow my latex salesman's lawn.
     Reply
    Uncle_Billy_Slumming was starred Uncle_Billy_Slumming was unstarred
    Image of pmarble pmarble
    09/05/09

    @Mymoustache: oh please. that horse is dead. stop beating it.
     Reply
    CaptainFantastic promoted this comment pmarble was starred pmarble was unstarred
    Image of CaptainFantastic CaptainFantastic
    09/05/09

    @pmarble: Either your or my sarcasm detector is broken.
     Reply
    CaptainFantastic was starred CaptainFantastic was unstarred
    Image of Mymoustache Mymoustache
    09/06/09

    @pmarble: Nice pickup on the sarcasm...I guess NUTHIN get's by you...
     Reply
    Mymoustache was starred Mymoustache was unstarred
    Image of SidAndFinancy SidAndFinancy
    08/11/09

    In reply to Regulators Blinded By Madoff's Neat-o Office
    It is understandable. Who would have suspected that you could build a pyramid scheme with curved walls?
     Reply
    SidAndFinancy was starred SidAndFinancy was unstarred
    Image of DahlELama DahlELama
    08/11/09

    In reply to Regulators Blinded By Madoff's Neat-o Office
    Jim and Pam might have never gotten together if Dunder-Mifflin had offices like these. Just a little something to think about.
     Reply
    DahlELama was starred DahlELama was unstarred
    Image of kimsama kimsama
    08/11/09

    In reply to Regulators Blinded By Madoff's Neat-o Office
    Feng Scheister
     Reply
    kimsama was starred kimsama was unstarred
    Image of lobstr lobstr
    08/11/09

    @kimsama: Interior Dec-inmating
     Reply
    lobstr was starred lobstr was unstarred
    Image of misslinda misslinda
    08/11/09

    In reply to Regulators Blinded By Madoff's Neat-o Office
    When Angela came home from a long day at the office to Tony telling her the funny thing that Samantha did that day, this is the office I imagine she came home from.
     Reply
    misslinda was starred misslinda was unstarred
    Image of lobstr lobstr
    08/11/09

    @misslinda: AAAaaannngelarrrrrr!!!
     Reply
    lobstr was starred lobstr was unstarred
    Image of misslinda misslinda
    08/11/09

    @lobstr: Suuuhhhmaaaanthhhuuhhh!
     Reply
    misslinda was starred misslinda was unstarred
    Image of lobstr lobstr
    08/12/09

    @misslinda: hearted. :[]
    I knew we'd bond one day, who know it'd be over Who's the Boss? There's a time for love and a time for living... you take a chance and face the wind...
     Reply
    lobstr was starred lobstr was unstarred
    Image of Dickdogfood Dickdogfood
    08/11/09

    In reply to Regulators Blinded By Madoff's Neat-o Office
    Speaking from what I know about corporate interior design, these pictures have to date from the late '80s to the mid '90s, because that's when silvery greys and fake rotundas were considered sorta dazzling. (Another major clue to their age: they show bulky CRTs rather than flat-screen monitors.) I'd say it's likely Madoff renovated the place at least once afterwards: people in his biz don't let dated stuff stand for long.
     Reply
    Edited by Dickdogfood at 08/11/09 10:24 AM Dickdogfood was starred Dickdogfood was unstarred
    Image of CheapCynicism CheapCynicism
    08/11/09

    @Dickdogfood: Yeah, but weren't the computers basically there for show? From what I understand, the secretaries were basically just told to slap their hands on the keyboards while saying, "Typing typing typing!" when Feds came by.
     Reply
    maevemealone promoted this comment CheapCynicism was starred CheapCynicism was unstarred
    Image of The Real JR The Real JR
    08/11/09

    @CheapCynicism: AHAHAHAHA
     Reply
    The Real JR was starred The Real JR was unstarred
    Image of lobstr lobstr
    08/11/09

    In reply to Regulators Blinded By Madoff's Neat-o Office
    Curves + recessed lighting = awesome, however, pillars and columns = bad feng shui
     Reply
    lobstr was starred lobstr was unstarred
    Image of Uncle_Billy_Slumming Uncle_Billy_Slumming
    08/11/09

    @lobstr:
    That's why Madoff fell: bad feng shui
     Reply
    Uncle_Billy_Slumming was starred Uncle_Billy_Slumming was unstarred
    Image of Aaron Altman Aaron Altman
    07/08/09

    In reply to SEC Still Investigating Steve Jobs, Stock Be Damned
    Good for the SEC. In the post-Madoff world, both it and the DOJ are crackin' that whip. Better late than never.
     Reply
    Aaron Altman was starred Aaron Altman was unstarred
    Image of Unsolicited Advice Unsolicited Advice
    07/08/09

    @Aaron Altman:


    This is actually more old school. This is taking on high-profile targets to create an illusion of legitimacy. Remember Martha?

     Reply
    Unsolicited Advice was starred Unsolicited Advice was unstarred
    Image of Aaron Altman Aaron Altman
    07/08/09

    @Unsolicited Advice: This somehow seems... different? Less of a circus atmosphere than when Martha and her lawyers were - relatively speaking - out and about decrying the federal case against her. Here it seems very much like Apple is on the quiet defensive, almost like they want as little attention on this case as possible. Which means the feds have the goods. (Of course, EVERYTHING Apple does is on the DL.) But you would know better than me.
     Reply
    Aaron Altman was starred Aaron Altman was unstarred
    Image of Smitros Smitros
    04/29/09

    In reply to Danny Pang, California's Answer to Bernie Madoff, Arrested
    Dan Pang→Chain Gang
     Reply
    Smitros was starred Smitros was unstarred
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