$$$ Should a Victim’s Tale of Woe Move a Judge? Like In The Case Of You Know Who? [WSJ]
$$$ Allen Stanford will spend at least one more night in jail [Houston Chronicle]
$$$ Madoff Mailbag: Letters have started to arrive at Madoff Investors essentially offering the net capital ($ in less $ out) up to $500K. Discomforting, to me at least, is that it includes a Release letter. Not sure why there needs to be a release. SIPC should pay what is right; not cut some deal a la “here’s $x we’ll give you now in exchange for not asking for any more.”
$$$ Bernie Madoff quietly slipped $2 million into a foundation created by son Mark as the walls started closing in. Was this part of a scheme to divert cash? [TDB]
$$$ State Street Says Regulators May Sue On Mortgage Losses [NYT]
$$$ This what we need more of [YouTube]
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Where is the “Madoff Mailbag” from?
Yea sure, car chases and crashes are cool in movies, but this is real life and death. Sure, no innocent person was injured this time, but who knows if we will be so lucky the next. I hope not that these events ever happen.
I hate having my tax dollars wasted on some jackass who broke the law
This is “what we need more of?” What, more War on Drugs casualties? The poor guy driving the pickup will stand behind the Madoff “victims” in the government creditor line since he is most likely not from some chronically aggrieved racial/religious group that uses its power to lobby on behalf of non-Americans and their foreign state (unless crackers suddenly are sacred cows). The driver who eluded police was fleeing on suspicion of “narcotic hits” whatever that is. Whatever it is, one might think we learned from Prohibition that outlawing substances only employs thugs to enforce unjust laws and waste my tax $. Lastly, I will bet anyone a signed Bernie Madoff headshot that the driver was not a white, Ivy-educated, Wall Street analyst, even though we all know that Wall Street is the root of all evil. Carry on.
BREAKING NEWS: CNBC, Charlie Gasparino, P PIP to be activated on Wednesday or Thursday and he has confirmed both Wilbur Ross and GE Capital. Ht thinks, but can’t confirm Angelo Gordon, Blackrock, Pimpco. Kudlow is upset that once again the taxpayer is on the hook and “these guys are going to make a lot of money”>
If the trustee has returned money to some of the “victims” how is the trustee deciding which victims are getting money back?
The bane of every brokerage’s existence– OATS reporting . Why did Bernie’s OATS reporting not reveal the fraud back in 2006 when he became registered as an advisor and presumably was trading through the 18th and 19th floor?
Is Denis Kneale ok tonight?
What a disgrace, grown up crybabies. How embarrassing to stand in a court of law and sob over losing MONEY.
right.. the authorities wouldnt lie to us…
Just wait until they start chasing us down for trafficking illegal incandescent light bulbs.
@4 no, just car chases. get over yourself.
@1 it was an email DB (a la “from the mailbag”)
“They gave billions and billions to the banks and the banks aren’t loaning money” – Donald Trump on the Greta Van Susteran program now. He says they “OPEC” “are laughing at the stupidity of our leaders” He says they are laughing cause oil is 70 bucks, there is so much oil all over the world and it is in tankers and they don’t know what to do about it, they are going to end up dumping it in the ocean see how the environmentalists like that”
The whole trading room comes to a halt when there is a car chase televised from anywhere in the country. That one was particularly good. Here’s the update:
http://www.myfoxdfw.com/dpp/news/HighSpeed_Chase_Weaves_throug
#2=the worst grammar of all time.
This car chase is just one more example of how Texas has institutionalized retarded behavior. There was no need to chase this guy with police cars. He wasn’t going to out-run the helicopter.
The guy who crashed into the suspect should be lawyering up right about now.
Leave the car chases up to the “World’s Wildest Police Chases”. Do NOT let Sheppard do that again. “oooh nooo the car got hit!”
i appreciate a good chase video
How do we know that there are narcotics hits? Because there are a lot of holes in the story but the authorities wouldn’t lie to us about that…wow.