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Judges lawyers too, ya know. lol
professional document storage organization
Nah. I think the third party is the IHUB WAMUQ message board! IMO of course
I think that is an interesting point because with such a high profile case, the shareholders expect to see the top dog. The top dog, however, may or may not be the top litigator. The real brains of the operation may function best behind the scenes. Best I can tell lawyering these days is specialized into litagation experts and various content experts. Rosen evidently is a litigator and perhaps he met his match when the content experts hung him out to dry on to the point of a stakeholder suggesting sanctions. A risk of the litigation role, I suppose. It reminds me of the actors and the stand-ins for the movie scenes when someone jumps over 13 junked cars with a motorcycle. The litigators are the actors and actresses. IMHO i don't think Susman's appearance and subtleness means much. What happens next is all important.
Got my fingers and toes crossed that JPM needs more money to pay all of us debtors! Wishful thinking but I'm sure I'll be corrected by a few on the board.
I have no idea, of course but am hopeful that many won't want to be out over this time sensitive weekend.
We need an expert witness on deciphering whining! Many finer points, I am sure. lol
Did Johnny change his name?
Medicare doesn't apply to children, only Medicaid.
you got it!
I think it is important to understand the mission of AAP. The organization is designed to be a support to practicing Pediatricians who are commonly struggling keep their heads above water in private practice. They are some of the lowest paid doctors in the medical hierarchy. In my state, they boosted the Medicaid rates to primary care physicians at the expense of pediatric subspecialists but that's another story.
As a nurse administrator in pediatric/neonatal field for many years, I have to say with confidence that Pediatricians are some of the most ethical professionals within the medical field PERIOD. As a matter of fact, they often don't fit into the medical milieux(how do you spell that dang word anyway?) because they lack business sense. Their advice is highly regarded by new parents and often they hang on every word. Pediatricians take this high regard thing very seriously. They don't do well with the "rock star" role, as many physicians do. So the combination of ethical principles and high respect from new parents makes them hesitant to recommend a practice which is not well established by multiple research findings. In short, they are very conservative as a group.
The AAP does their best to create position statements so that they have back up when their enthusiastic patients seek their support for new ideas and practices (we've all heard of the no vacccine ideas which are rampant. Check out the AAP position statements there). They are so unlike the OB crowd who will recommend a practice to their delivering patients as long as they get a cut of the profit. Difference there too is their exposture to litigation. I'd probably look to make a buck if I paid upwards of $150K per year malpractice insurance to stay in practice. Pediatricians not sued often so malpractice insurance rates quite low. Check out the AAP website and you will see what they're all about and recognize the cordblood thing is part of a bigger picture (is all)
http://www.aap.org/
Not sure if this is answer you're looking for but for the most part medical/cash businesses try to get reimbursement from insurance companies with the back up plan of getting cash from patients if no reimbursement. Example is lactation counseling services, some insurances pay/some don't make it clear up front to patient that insurance will probably not pay but happy to try on their behalf. You get the drift.
So interesting. Thanks! Like Sussman says, new info available every day.
Such a heartfelt message, I agree with all u have said. In fact, I've lost a husband who was soo very hopeful that stem cell research could prolong his life and buy some time to find a cure, as they have said many years in the diabetes world. I'm of the mind that one should not get mad but to get even. So let's hope this stock can assist in taking us there. Last 8 years (a few years back) awful..IMO
Agree StLXer...cost of doing business. Right or wrong.
bluebird, u r missed. Come chat with us....shares or not.
...as their no legged son ran outside. (is the way I learned it!) Seems to fit here, I think.
Favorite topic..market makers. This is nauseating.
How Four Banks Scored a Perfect Trading Quarter
Goldman, JP Morgan, Bank of America and Citigroup made money every day last quarter. Here's how they did it, and why it may not be so unusual in the future.
By Katherine Ryder, contributor
FORTUNE — 3 MINUTES AGO
Most traders think the market is something that yields to intelligence and effort, or what proportion can be summoned of both. But it's rare that entire institutions dominate the market as perfectly as Goldman Sachs, JP Morgan, Bank of America, and Citigroup did in the first quarter of this year. Between January 1 and March 31, the four banks made money on every single business day.
The first quarter is traditionally the most profitable for the banks, and this year's was buoyed by robust gains in the equity markets in February and March. But perfection demands a more perfect explanation, particularly given jitters over impending regulation, the threat of new litigation, and the looming withdrawal of the government stimulus that is keeping the U.S. economy afloat.
Also, it wasn't just one bank with perfect results. It was four.
So how did they do it? First among many explanations is a shift in how banks are making profits. Increasingly, Wall Street has turned its focus to "market-making." Banks are getting in the middle of trades-matching buyers and sellers to each other and charging fees on either side-rather than taking huge bets on stocks or bonds or currencies or commodities with their own money. While that shift doesn't mitigate risk, per se, it makes daily profits much less dependent on whether markets rise and fall.
Further, many of these banks' institutional customers are still executing trades out of necessity rather than speculation. Volatility, particularly in the euro, British pound, and specific commodity markets, created an environment where anyone hedging themselves in these markets has had to buy or sell continually, often at great expense. Similarly, banks have profited as once-risk-averse clients have rushed out of treasuries and bonds and into equities and other riskier asset classes.
Another factor benefiting banks is the steep yield curve-which shows the yields of bonds of different maturities. When the yield curve is very steep, as it is now, short-term bonds pay very low yields but long-term bonds pay much more. This benefits banks in a few different ways. First, since rates on short-term debt are low, banks are able to borrow cheaply. Among other things, this allows them to leverage their investments-and make more profit, if they bet correctly.
A steep curve also allows for carry trade along the yield curve-another profitable opportunity for banks. Traders can borrow short-term debt, then relend the money out, long-term, at higher rates, and pocket the difference. Incredibly, with the average interest rate on ten-year Treasury bonds at 3.7 percent last quarter, banks could borrow at next to nothing and lend back to the government at a higher rate.
More nefarious explanations have also been suggested. On March 31, the last day of the quarter, the Fed ended its program to buy $1.25 trillion of mortgage-backed securities. Some market-watchers have suggested that banks may have bought up risky assets during the quarter, knowing that if the investments worked out they could keep the profits, and if they went bust the Fed would absorb the losses.
Whatever the cause of the perfect quarter, it comes as part of a pattern. Goldman president Gary Cohn revealed on May 11 that the bank had only recorded 11 loss days in the prior 12 months. So while some luck is involved in stringing together 61 up-days in a row, the trend of success isn't a fluke. The larger story may well be broader shifts on Wall Street-to acting as market-makers, for instance-that have facilitated this run.
Don't have L2 so can't answer ur question. Evidently they will have a new international look in less than 2 weeks. Hopefully they've tired of the silly MM games as Hottie used to say.
MAY 12, 2010
Knight Capital Group to Transfer Listing to NYSE, Cross-List on NYSE Euronext
JERSEY CITY, N.J., May 12, 2010 /PRNewswire via COMTEX/ --Knight Capital Group, Inc. (Nasdaq: NITE) today announced the pending transfer of its listing of common stock to the New York Stock Exchange (NYSE), as well as the cross-listing of its common stock on the Professional Segment of the Paris market of NYSE Euronext.
Knight common stock will begin trading on NYSE Euronext markets in the U.S. and Paris under the ticker symbol "KCG" on May 25, 2010. Until the transfer is complete, Knight's common stock will continue to trade in the U.S. under the ticker symbol "NITE" on The NASDAQ Stock Market.
"Knight is a growing, global firm providing market access and trade execution services across multiple asset classes to buy- and sell-side clients," said Thomas M. Joyce, Chairman and Chief Executive Officer, Knight Capital Group. "Moving to NYSE Euronext will make our stock more accessible to investors in Europe as well as support Knight's expansion in the global capital markets. We look forward to taking our place on the world's leading exchange alongside our clients and financial services peers."
"We are very excited that Knight has chosen to list its shares on our U.S. and European markets," said Duncan L. Niederauer, Chief Executive Officer, NYSE Euronext. "Knight is an industry leader that provides trading connectivity and liquidity across multiple asset classes globally. We look forward to a strong and lasting partnership with Knight and its shareholders."
Trading in Knight's common stock on NYSE Euronext's European markets will be conducted in Euros. Euroclear will coordinate share transfers with The Depository Trust Company (DTC). The listing will not alter Knight's share count, capital structure, or its current and future stock-listing in the U.S.
In connection with the cross-listing, the French Autorite des marches financiers ("AMF") today approved Knight's prospectus for admission to listing and trading on the Professional Segment of the Paris market of NYSE Euronext, and granted visa number 10-129, dated May 12, 2010, on the prospectus. This prospectus has been prepared by Knight Capital Group, Inc. and its signatory accepts the responsibility for its contents. The attention of investors is drawn to the risk factors described in the prospectus. On May 7, 2010, NYSE Euronext approved Knight's application for listing and trading of its common stock on the Professional Segment of the Paris market of NYSE Euronext.
Copies of this prospectus may be obtained free of charge from Knight Capital Group, Inc. at 545 Washington Boulevard, Jersey City, New Jersey 07310, U.S.A. and from its paying agent in France, BNP Paribas Securities Services (Postal address: GCT - Services aux Emetteurs, Les Grands Moulins de Pantin, 75450 Paris Cedex 09), and on the websites of Knight Capital Group, Inc. (www.knight.com) and the AMF (www.amf-france.org).
About Knight
Knight Capital Group, Inc. (Nasdaq: NITE) is a global financial services firm that provides market access and trade execution services across multiple asset classes to buy- and sell-side firms. Knight's hybrid market model features complementary electronic and voice trade execution services in global equities and fixed income as well as foreign exchange, futures and options. The firm is the leading source of liquidity in U.S. equities by share volume. Knight also offers capital markets services to corporate issuers. Knight is headquartered in Jersey City, NJ with a growing global presence across North America, Europe and the Asia-Pacific region. For more information, please go to www.knight.com.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets - the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca - represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500. For more information, please visit: http://www.nyx.com.
SOURCE Knight Capital Group, Inc.
Have a friend at University of Chicago, MBA program. Believe it or not ads in newspapers or magazines are passe, in terms of marketing. It's all about social networking, emails, electronic communication. Reach a targeted audience, gleaned from all the google/yahoo activitym and recreate their computer search dreams into a concrete product for sale. I found it hard to believe at first but just what I've learned. GLTU
I read about the rating agencies thing this AM. Believe it or not, I read the WSJ between 6:30am and 7:30am and JPM was NOT on the list of banks being investigaged. By 8am JPM was number one on the list. Based on historical press regarding JPM and Washington Mutual AS WELL AS JPMs ability to dodge the bullet on multiple levels publicly, at least for a day, they received some bad press. Good day, overall, I would say.
Maybe she gave them enough rope to hang themselves IMHO
I don't know if this is the reason or not for NITE's absence. They evidently are changing from the NASDAQ to NYSE. I heard somewhere they had a new IPO but I can't find it. Busy maybe, idk
http://www.knight.com/investorRelations/pressReleases.asp?compid=105070&releaseID=1425980
Maybe I'm missing something but it appears that Matt is doing the infrastructure thing. Perfect timing if you ask me. Like Monopoly money...Boardwalk...Park Ave...at this stage of the game. A gamble but nevertheless, you are KING or QUEEN at this moment in time. Let's hope it pans out.
Nice. Welcome back!
Only thing missing is one of your infamous pics. Bring it on!
Awesome. Does everyone remember the pancreas transplants that were so hopeful for Type I diabetics and didn't turn out so good? This is much better. Diabetes world has lots of research money. This is great news!
Nice pic, booger. Glad to see a few positive comments on this board and kindhearted spirits towards animals and others. When I sign on, all I can see is a "dark cloud" from many posters. As my mother always said, if you can't say something nice....GLTU
locks you must be an investigative reporter in your everyday life. Thanks for all the DD.
This is my favorite part, I'm sure there's more:
Finally, under the plan, JPMC and others would be afforded broad releases and exculpations, thereby putting finishing touches on a whitewashing, of the largest thrift failure in history, thereby leaving significant portions of the Debtor's stakeholders with minimal or no recovery
Thanks for the clarification. There must be some really good reason all these brokerage firms sent the letter out to commons holder to tell them their vote didn't count. Gotta love the legal system.
I think she is talking about the precedent this case would set for future bankruptcies. IMO
I am wondering if the request to be paid hourly is in response to the denial of the Examiner. "Your Honor I was willing to take the case on contingency but not when I have to do the work of the UST." If that's the idea, gotta admit it's clever. The opposing sides are backed in a corner cause they will object to the financial arrangement but at the same time don't want the examiner. Element of surprise for sure. Be interesting to see what happens next.
That's a good point about the EC. My assumption is, looking backwards, that they couldn't because they were conflicted or in the process of being disapproved as counsel. Stalling tactic from the other side worked well. Finally got a counsel that was able to represent without conflict. IMHO and at this point too many documents etc to sort through. My "half full" answer anyway. GLTU
Fidelity says 4.5 mill in first 20. I don't have L2
post of the day...fettermuff. GLTU
zilla, if you haven't found the info, I would ask wamuvoodoo.
The man seems to have a mind that can memorize words when he hears them. Me I have to read it to learn.
Now this is good news. I am a bit confused because I don't think public option in Uk is Medicare. Is this a spin on the core message?
IMHO the judge really had no choice but to Ughhhh indirectly give the parties more time to settle. Let Susman put his money where his mouth is, much as I admire his approach, and come up with a comeback plan. I'm sure judges and lawyers alike are disturbed by someone who comes in and gives the appearance of solving all the problems in one clean sweep when they have been toiling on billable hours (so sad...is there an abbreviation for crying my eyes out? CMEO haha). With the pressure from the FDIC, noteholders, JPM. creditors, who knows who else is out there.. what else could she do? I am hopeful that I read her resigned voice as the right posture cause I am a true long. I think we all know that the 7 million documents will not be turned over easily and Susman has the total right to dig in deep and earn their retainer. We have solomon.. a big ace. The next step is up to EC IMHO. I can't wait to see if motions keep coming in like oranges ( as rickszy says) from the other side. It's not over yet.
thanks. Your copy more organized.