NIR Group

[QaB2i]

When a lending institution makes 'debt/hybrid' investments - it doesn't go 'strictly long'~ it cannot! Its an unsound lending practice and not in the least razor sharp. Our stupid banks went long crappy loans then flogged them to bond holders who are stuck.
Its a wonder funds like NIR and others where not able to securitize the notes and like the dumb banks they could really dig the hole deep!

This CR guy he is razor effing sharp, smart, intelligent and a gorilla legend of plumbing micro cap PIPES.
A lender this smart cannot be held responsible for taking the fullest economic advantage of rules and regulations in the sloppy US markets. The system was set up to be used like a red headed step child. GS is doing it every day - as is every wire house and desk participating in the markets.

The Investors in lending institutions knew the inherent risks that buying microcap Fixed Income collateralized by the stocks/warrants of some of the most colorful street promotions EVER!

Its a tragic shame - guys like CR and Funds like NIR and others made the micro market interesting, volatile and for a lucky few ~ profitable. So CR used hedge fund magic and made stuff dance big deal!!!- do you all miss it now?
Some of the best deals from memory were because <SYMB> had borrowed from NIR or others like NIR, debt conversions and promotions were like surfing on the best waves. It cannot be that every advantageous smart money manager must now answer for decades old US market sloppy whorishness?.

I notice there have been NO formal charges of misconduct or fraud alleged by anyone or anything on CR although evidently he was surrounded by scumbag lunatics and financial hooligans the "Pope" remains a victim not unlike Milken....