Newmedman to stray a little of subject all you wrote and how compelling it is had me extremely excited about the "lackluster" earnings as some people call it that just came out. This was the time to air the dirty laundrey out if there was any to be found and to be sure that was the reason for the "disapointment" in earning compared to last quarter. I personally was extremely nervous they were going to come out with revised earnings from previous quarters and show a huge loss to make up for it what they could have put it legitimately in ML's lap and have been done with it.
That did not happen they came out with solid earnings which they new CEO is now responsible for which to me legitimizes this quarter's earning and earning moving forward.
Now to comment on your below....whether he is proven guilty or now it's obvious he crossed a line and there is no doubt in my mind he knew it....sometimes the long term messes you avoid are the ones you uncover early enough to wash the dirt out of your laundry.
While it obviously looks like an open and shut case dont be so sure. Why such a small amount of bail for someone facing 520 years? Accused of bilking millions yet walking free for a few hundred grand makes absolutely no sense. Not to mention the investiaation was going on prior to 2008. Sorry it is not iron-clad the way it is presented. Otherwise it would not have taken 4 years after the fact before indictment. Remember no new charges after 2008 yet M.L. was charged prior to 2008 but obviously dropped. All these allegations and it took 4.5 years before any official indictment obviously makes it clear that something is fishy. Why the continuations if this is iron-clad?
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