• 03 Dec 2010 at 4:07 PM

Potential Collateral Damage From Insider Trading Fest(ivus) The Feds Probably Didn’t Stop To Think About

By

At Zayna’s Metro Cafe, a New York-style deli that opened earlier this year in Stamford, Chef Aly Allam says he hopes things go back to normal for Diamondback, where the traders are such regular customers he often puts a Diamondback Special on the menu. “They are some of my biggest customers, if they close that’s almost half my business,” the chef told Reuters, saying that maybe 20 Diamondback traders a day frequent his cafe’s busy lunch hour. [Reuters]

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Comments (7)

  1. 1
    Posted by Fixed_Income | December 3, 2010 at 11:15 PM

    I’ll bet Zayna’s made most of their money from Diamondback in tips.

  2. 2
    Posted by Steven A. | December 4, 2010 at 12:15 AM

    If Top Dog sees any business decline whatsoever in the coming months, I vow to personally make up the difference. Everything is completely normal.

  3. 3
    Posted by Guest | December 4, 2010 at 11:32 AM

    http://www.telegraph.co.uk/finance/newsbysector/industry/8180304/JP-Morgan-revealed-as-mystery-trader-that-bought-1bn-worth-of-copper-on-LME.html

    JP Morgan revealed as mystery trader that bought £1bn-worth of copper on LME

  4. 4
    Posted by Guest | December 4, 2010 at 1:33 PM

    A “rye” comment.

  5. 5
    Posted by Anonymous | December 5, 2010 at 5:55 PM

    Oh well, that’s they way the capitalism cookie crumbles.. This collateral damage is far less than the direct damage that insider trading causes.If we can’t trust the market, they’ll be no market.

  6. 6
    Posted by Guest | December 5, 2010 at 6:16 PM

    zayna’s just needs to call groupon… business will be right back to normal…. for a day. then of course those customers will go to the next deli that offers 50% off on groupon.

    winner: groupon
    loser: any business desperate enough to do business with them

  7. 7
    Posted by Norb Vonnegut | December 5, 2010 at 6:37 PM

    You want collateral damage, Bess? Read this:

    http://norbvonnegut.com/2010/12/insider-trading/

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