AI
Monday, December 14, 2009 12:29:01 AM
Kevin,
I wouldn't know.
I simply skip over them.
A veritable mountain.
As for the question?
The situation viewable as a potential chain of liability.
On the assumption that, domestically, we're talking collusion between an MM and a large client of same i.e., a hedge fund?
The possibility of multiple such players?
Well, it's likely in the extreme that the advent of a successfully served subpoena or two, having revealed the existence of massive IOU's in private accounts, would see the involved MM calling upon said client to close out the involved 'position(s)' in full. Bringing pressure to bear.
As, in the absence of any such, the involved MM would be liable.
And any/all initial subpoena activity would, of course, be directed the MM's way. The place to start. And on from there as called for.
Bearing in mind the mentioned appeals to the inside to 'legitimize' the criminality. A little something far more likely to have emanated from a slimy hedge fund than from an MM.
Our knowing, one way or another, soon enough.
And me? Yours truly?
Well, I'm a realist.
Of the in-general mindset, like most of the rest, that the MOASS would be most welcome. But far from banking on any such. At any point in the proceedings. My original investment based on quality of management. On issuing company fundamental and operational soundness. Typical risk/reward scenario. With additions to said investment based similarly.
Bill Young having made plain the situation. And, hopefully, I'll be forgiven for not sooner publicly conveying my heartfelt condolences regarding the recent passing of his mother. May she rest in peace.
Addressing the phantom float situation being a tough row to hoe. Management having turned to the regulatory powers that be for assistance.
Our knowing the full outcome soon enough.
And thank you.
Kind words appreciated.
Jeff…
Good to know.
Thank you.
As for that wager?
A sound move.
Your faith well-placed
And best of luck to you also.
In whatever pursuits you might choose to turn your energies toward.
Best of the season to you.
I wouldn't know.
I simply skip over them.
A veritable mountain.
As for the question?
The situation viewable as a potential chain of liability.
On the assumption that, domestically, we're talking collusion between an MM and a large client of same i.e., a hedge fund?
The possibility of multiple such players?
Well, it's likely in the extreme that the advent of a successfully served subpoena or two, having revealed the existence of massive IOU's in private accounts, would see the involved MM calling upon said client to close out the involved 'position(s)' in full. Bringing pressure to bear.
As, in the absence of any such, the involved MM would be liable.
And any/all initial subpoena activity would, of course, be directed the MM's way. The place to start. And on from there as called for.
Bearing in mind the mentioned appeals to the inside to 'legitimize' the criminality. A little something far more likely to have emanated from a slimy hedge fund than from an MM.
Our knowing, one way or another, soon enough.
And me? Yours truly?
Well, I'm a realist.
Of the in-general mindset, like most of the rest, that the MOASS would be most welcome. But far from banking on any such. At any point in the proceedings. My original investment based on quality of management. On issuing company fundamental and operational soundness. Typical risk/reward scenario. With additions to said investment based similarly.
Bill Young having made plain the situation. And, hopefully, I'll be forgiven for not sooner publicly conveying my heartfelt condolences regarding the recent passing of his mother. May she rest in peace.
Addressing the phantom float situation being a tough row to hoe. Management having turned to the regulatory powers that be for assistance.
Our knowing the full outcome soon enough.
And thank you.
Kind words appreciated.
Jeff…
Good to know.
Thank you.
As for that wager?
A sound move.
Your faith well-placed
And best of luck to you also.
In whatever pursuits you might choose to turn your energies toward.
Best of the season to you.
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