Sam Israel Offered Yet Another Opportunity To Escape

Posted by Bess Levin, Oct 28, 2008, 12:25pm

samisraelcar.jpgGoldman 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.

2Recommend this! 26Comments

Comments

1

Posted by guest , Oct 28, 2008 12:29PM

Can we please have some bad news.

2

Posted by guest , Oct 28, 2008 12:30PM

Too long didnt read

2nd bitches

3

Posted by guest , Oct 28, 2008 12:31PM

cnbc just reported this:

http://dealbreaker.com/2008/10/lampert-down-4-million-stays-a.php

4

Posted by guest , Oct 28, 2008 12:32PM

Can we please get a screen grab of Michelle Caruso-Cabrera up today? Dear lord.

5

Posted by guest , Oct 28, 2008 12:33PM

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©

6

Posted by guest , Oct 28, 2008 12:35PM

For Christmas I would like Liz Claman and Michelle C_C to work together on CNBC.

7

Posted by guest , Oct 28, 2008 12:38PM

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%

8

Posted by guest , Oct 28, 2008 12:38PM

Or SH = -100% or something else?

9

Posted by guest , Oct 28, 2008 12:41PM

6 yeah if cnbc= my cack

10

Posted by guest , Oct 28, 2008 1:13PM

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

11

Posted by Anal_yst , Oct 28, 2008 1:15PM

@ 10

Wtf are you rambling about? Quit spamming the comments already.

12

Posted by guest , Oct 28, 2008 1:17PM

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.

13

Posted by guest , Oct 28, 2008 1:18PM

It's an egret, bitch.

14

Posted by guest , Oct 28, 2008 1:19PM

@12, true, but most d-bags don't have $450mm under mgmt.

15

Posted by guest , Oct 28, 2008 1:20PM

@12, true, but most d-bags don't have $450mm under mgmt.

Though, most with $450mm under mgmt are d-bags.

16

Posted by guest , Oct 28, 2008 1:23PM

Mozel Tov Israel! You go with your OJ...

17

Posted by guest , Oct 28, 2008 1:23PM

@15- 450 mm wasnt his aum, that was just how much he took investors for.

18

Posted by guest , Oct 28, 2008 1:32PM

I want to lay with you.

19

Posted by cy , Oct 28, 2008 1:33PM

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.

20

Posted by guest , Oct 28, 2008 1:35PM

7 - read the prospectus, it has the anser.

21

Posted by guest , Oct 28, 2008 1:38PM

Now Sanders is on TV saying all bonuses and dividends should be scrapped.

Yay! Go Democrats. Go Obama. Show them what can be done.

22

Posted by guest , Oct 28, 2008 1:50PM

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

23

Posted by guest , Oct 28, 2008 1:59PM

@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?

24

Posted by cy , Oct 28, 2008 2:12PM

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.

25

Posted by guest , Oct 29, 2008 9:30AM

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--

26

Posted by NotNasser , Oct 29, 2008 10:04AM

"Yeah I'm crazy. Crazy like a fox. Er, an egret."

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