Goldman Sachs and Morgan Stanley may be getting lightly pounded this morning but thanks to a being dubbed possibly insane, Sam Israel is not. Yes, ladies, the hedge fund industry’s biggest M*A*S*H fan has seen his prison sentence delayed for a third time. The Bayou Group founder, who ran into some trubs when he ripped off his investors for $450 million and then faked his own death in an attempt to avoid the big house, has been ordered to undergo 90 days of medical and psychological evaluation in North Carolina. Israel’s plea hearing has now been delayed until next year (the last time he got out of it was because his lawyer convinced the judge the process of weaning Israel off of fentanyl patches wasn’t complete yet; the time before that apparently had to do with the fact that Sammy’s smack habit rendered his ability to think clearly at about “60 to 70 percent”). Obviously we welcome this moment of reprieve with open arms, though we are a bit nervous about some quack doctor trying to “cure” SI of his attraction to birds. Fingers-crossed, some opened minded saint who understand that there’s nothing wrong with inter-species sex is assigned to his case.
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Can we please have some bad news.
Too long didnt read
2nd bitches
cnbc just reported this:
http://dealbreaker.com/2008/10/lampert-down-4-million-stays-a.php
Can we please get a screen grab of Michelle Caruso-Cabrera up today? Dear lord.
Suicide is painless, I didn’t even read this.
You can give or take it as you please.
Too long. Too-oooh long.
Too long, didn’t read.
-TLDR©
For Christmas I would like Liz Claman and Michelle C_C to work together on CNBC.
Can anyone answer this?
SH = S&P inverse ETF
SPY = S&P ETF
Assuming that SPY is +200% in one day (yes. it’s virtually impossible but just imagine), what should SH’s day performance be? -200%
Or SH = -100% or something else?
6 yeah if cnbc= my cack
An enlightened comment on a post from: http://www.marketwarnings.com
“The one thing you never hear mentioned by anyone who advocates capitalism is that the free market requires a positive level of unemployment (natural rate of unemployment), since you need a labor market. People who hate social safety nets neglect this fact either through ignorance or just because they actually don’t care about the well being of anyone but themselves.”
http://www.marketwarnings.com/2008/10/employment-worries-job-cuts-by.html
@ 10
Wtf are you rambling about? Quit spamming the comments already.
To be clear – because some d-bag has a card (with an AOL email address) that say The bayou, does not make them a fund manager.
It’s an egret, bitch.
@12, true, but most d-bags don’t have $450mm under mgmt.
Though, most with $450mm under mgmt are d-bags.
Mozel Tov Israel! You go with your OJ…
@15- 450 mm wasnt his aum, that was just how much he took investors for.
I want to lay with you.
7-
I short one share of ABC at $50 (let’s say you bought it from me). It goes to $150 the next day. You made 200%. I lost $100. One could consider that being “down” 200%, i suppose, but since I never invested any capital to begin with the percentage is irrelevant.
10-
Frictional unemployment will always be present, however your arguement seems to suppose that if unemployment cannot go below 3% (a hypothetical) it is constantly the same people that make up the 3% of the population that cannot find work. This is false. The pool of unemployed is constantly changing (this is why its called frictional). If there are some that are consistently unemployed, I would argue we need to abolish the minimum wage so that these chronically umemployed will find work at a pay commesurate to their productivity.
7 – read the prospectus, it has the anser.
Now Sanders is on TV saying all bonuses and dividends should be scrapped.
Yay! Go Democrats. Go Obama. Show them what can be done.
Totally OT, sorry, but the IMF may need to start printing money:
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3269669/IMF-may-need-to-print-money-as-crisis-spreads.html
@19
But how do they determine the price?
Let’s just take the current prices.
SH: 94 (-2.8%)
SPY: 87 (+3.4%)
Assuming S&P goes up 200% before end of the day,
SPY should be about 252 (+200%)
but what about SH? What would be its price?
23-
Hi. I don’t know the answer to this question, but I’d bet the answer is contained in SH’s prospectus. Many of the more complex ETF’s have provisions to liquidate the fund if prices diverge too wildly.
Shove a handful of fentanyl down his throat and end that prick already-
This will accomplish the dual goal of saving the taxpayers a few bucks on the trial and ensuring an eternity of obscurity for a thieving d-bag-although there may be a bit of a queue–
“Yeah I’m crazy. Crazy like a fox. Er, an egret.”