Replies to post #125433 on Zeev's Turnips Patch-No Politics (ZEEV)

[mainehiker]

sherlock..wow

[lee kramer]

sherlock: I have but one word for all that: COWPLOP!

[otraque]

This will help Merrill and all other big houses, but will hurt the market.
One it means the ripped off now know they are not going to get out of their massive losses, they all will have to go into massive defensive posture.
The public at large will see the Street is Boss Thief, and can get away with murder.
Confidence in the Street cleaning up its act will rightfully decline sharply.
This decision also will have a negative impact on Pension Funds that have been litigating to get their losses back.
Wonder of wonders, Wall Street has pulled off one the greatest premeditated,carefully calculated scams in history, and in all its rank fetid corruption is walking off virtually unscathed.
Ami surprised? Not in the least.

[carl_p_r2]

I would call that a good decision. I have little use for Securities litigators. In the stock market there is risk, and there always will be. In IPOs the risk is higher, but the fact is that anyone who bought an IPO recieved (or claimed they did) a prospectus, so they knew (or should have known) what they were getting into. So much litigation today is based on the idea that when bad things happen, it must be someone else's fault, and the deep pockets should pay.

That said, I'm about to get a check for some litigation in a stock I used to own. What a deal, $.35 a share. Unfortunately when the litigation was announced the stock fell by $1 before I could sell, but at least I get back a third of the money cost me by the lawsuit, so the law suit only cost me $.65 a share.

Carl