Not back in the day, when Icahn was running the Southeastern Queens chapter of the Jewish Crips and not today, as the elder hedge fund manager presumably maintains ties with the organization, whose members stay current on his various investing nemeses and won’t hesitate to fuck someone up. Read more »
Carl Icahn Just Wants To Reiterate That Bill Ackman Wouldn’t Want To Find Himself In Certain Parts Of Queens After DarkBy Bess Levin
“If this guy prints more money between now and the election, I dunno what y’all would do to him in Iowa but we would treat him pretty ugly down in Texas. Printing more money to play politics at this particular time in American history is almost treasonous in my opinion.” Read more »
So! As previously mentioned, federal authorities are wrapping up a little project they’ve been working on for the past three years involving alleged insider trading, hedge funds, that sort of thing. The government claims the probes could “eclipse the impact on the financial industry of any previous such investigation” and that charges may come before the end of this year and perhaps as early as this week. Naturally it’s unclear as to exactly who the Feds are hoping to name as participating in the passing or receiving of material, non-public information but some educated guesses can be made, based on the accosting of one analyst, Jonathan Kinnucan.
Kinnucan, the founder of boutique firm Broadband Research LLC, was “sipping wine on his front porch in Portland, Oregon” when two men in suits popped out of a gray sedan and quite aggressively accused him of sharing inside information with his clients (hedge and mutual funds, mostly). They threatened to arrest him but then, changing to a friendly tone, suggested that things could be made better for Kinnucan if he did them a favor. “We think you can help us,'” he recalls. “There is this guy in particular we are after,” he remembers them saying. “We want you to have a conversation with him and record it.” Read more »
From the mail bag: Read more »