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Re: eliaman post# 243686

Sunday, 01/14/2007 10:23:54 AM

Sunday, January 14, 2007 10:23:54 AM

Post# of 311057
that somewhat explains how the BIG YEAR END BONUS on wall st are being paid out by these big houses

"At issue are claims that brokers failed to borrow stock despite being paid to do so, and that this frequently caused market distortions that leave the hedge funds out of pocket.

Fees from prime brokerage are estimated to total more than $10bn per year, and the business is dominated by Goldman Sachs and Morgan Stanley. Bear Stearns is also a significant player and many other investment banks - notably UBS, Merrill Lynch and Bank of America - have been battling to win market share."