• Brian Hunter, NYMEX

    Jail Time ‘n Joke Time

    Steven J. Karavellas, a former director of the New York Mercantile Exchange, pleaded guilty this afternoon to commodities fraud and tampering with evidence. For his role in illegal trading in natural-gas markets between September 2002 and May 2003, in a scheme that defrauded at least one individual investor, Karavellas will pay a $850,000 fine and […]

    / Apr 8, 2008 at 1:19 PM
  • Fox, Fox's new tagline: When shit happens, we rub your noses in it., NYMEX

    Can We Get Another Shot Of That Semen Detector, Jimmy?

    I spent the better half of yesterday cheating on my spouse which was unfortunate because it caused me to miss this wonderful FBN segment on the “business of infidelity.” According to Todd Morris, Brickhouse Security CEO, “cheating season” begins just after Christmas, picks up steam in January, and comes to a head on February 13. […]

    / Feb 14, 2008 at 10:21 AM
  • NYMEX, Oil, traders

    The Hunt Is On: Who Paid $100 A Barrel For Oil?

    How exactly do you get bragging rights for being the guy who paid the most ever for a barrel of oil? When we first heard that a single, small trade had finally broken the $100 mark we were convinced it was a stunt, and possibly a prank. There were indications that the order might be […]

    / Jan 3, 2008 at 11:38 AM

    Those People in Funny Jackets

    We sort of love CNBC, but for all the wrong reasons. The questionable production values (random staffers walking into frames, cheesy unscripted jokes, Chyron screw-ups, Maria Bartiromo glaring at people off-camera, etc.), Jim Cramer, and the need to have 30 different people asked where they think the price of oil is going on a daily […]

    / May 10, 2006 at 10:19 AM

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