I hear a guy who does the same thing that you do for a living once killed a guy. I guess that makes all the guys who do whatever it is you do into murderers.
Seriously ... go get a life.
“I hear a guy who does the same thing that you do for a living once killed a guy. I guess that makes all the guys who do whatever it is you do into murderers.”
Thanks for showing me how ignorant of reality you are. You really do know everything, don’t you? You really know every deal that every hedge fund ever did. You’re a god, man! You don’t know what I do, but that doesn’t stop you from saying something you just made up about whatever it is you think I do? Evidence wise that would stand up soundly against actual recorded video and audio, written evidence, articles such as:
Cayman-registered hedge funds rise to over 10,000
Mon Jul 28, 2008 2:15pm EDT
NEW YORK, July 28 (Reuters) - The number of hedge funds registered in the Cayman Islands exceeded 10,000 in June for the first time, another indication that the hedge fund industry continues to grow despite market turmoil, Cayman authorities said on Monday.
At the end of June, there were 10,037 hedge funds and fund-of-hedge-funds registered in the offshore tax haven, up from 9,413 at the end of 2007, according to the Cayman Islands Monetary Authority (CIMA).
U.S. and European hedge funds register in the Cayman Islands to attract global investors, as it is often more tax efficient for them to invest through offshore locations than to invest directly in a domestic hedge fund.
There are more hedge funds domiciled in the Caymans than in any other jurisdiction, including competitors British Virgin Islands and Bermuda, and CIMA has been pushing to maintain that lead.
....all the managers of which you know, right?
And Cramer, who said:
“We’ve been on a crusade on this show…it’s a crusade to bring back honest short-sellers…Right now hedge funds, if they don’t like a stock, can just attack it by calling brokers and punishing the stocks, blitzing them down [by selling stock that they have not borrowed – naked short-selling].”
And you could go here: http://www.deepcapture.com/ and see Cramer talk about how important it was that he got through to folks in the media when he was short and wanted to tank a stock. Take your pick, 5 or 6 videos.
Or from Bloomberg: “How deep is this problem? Bloomberg writes that the “Securities Transfer Association, a trade group for stock transfer agents, reviewed 341 shareholder votes in corporate contests in 2005. It found evidence of overvoting-the submission of too many ballots-in all 341 cases.” Bloomberg suggests that that this is not innocent, but that arbitrageurs have discovered and are exploiting this crack. As one source notes, “It appears to be the case where there are opportunities to game the system.” Bloomberg concludes that until these problems are fixed, “double and triple voting on one share will continue to make a mockery of shareholder democracy.”
that’s bloombergconspiracynutbars.com by the way.
from secwhackjob.com:
SEC economist Leslie Boni analyzed the FTD problem, and her report describes FTD’s as “pervasive,” calculates that the average persistence of failures is 56 trading days, that some go on for much longer, and that these failures are not random but strategic. Bradley Abelow, a former DTCC director questioned under oath for confirmation as New Jersey Treasurer, reluctantly described settlement failures within our system as “occur[ing] as a matter of course with great regularity,” adding “fails to deliver of securities is endemic.” The SEC’s own website, in a section on Regulation SHO explaining why in January 2005 they grandfathered all failed deliveries, reads, “The grandfathering provisions of Regulation SHO were adopted because the Commission was concerned about creating volatility where there were large pre-existing open positions” (those would be the same “large pre-existing open positions” they elsewhere assure us do not exist).
July 15, 2008: First came the stunning announcement that the SEC has sent subpoenas to 50 hedge fund managers as part of a major investigation into rumor-mongering and illegal short-selling of Bear Stearns and Lehman Brothers. Then came the even more remarkable announcement from SEC Chairman Christopher Cox that he is instituting an “emergency action” requiring traders to pre-borrow stock before shorting all “substantial” financial companies.
So, you’re right. None of this stuff goes on at all.