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To Catch a Thief
I'm very well acquainted with the seven deadly sins I keep a busy schedule trying to fit them in I'm proud to be a glutton, and I don't have time for sloth I'm greedy, and I'm angry, and I don't care who I cross I'm Mr. Bad Example, intruder in the dirt I like to have a good time, and I ...
SEC chief says agency to act like hair is on fire | U.S.
reuters.com — WASHINGTON (Reuters) - The new head of the Securities and Exchange Commission took steps on Friday to... reinvigorate the agency's policing of Wall Street, two days after a congressional hearing chastised SEC investigators for failing to uncover Bernard ... (more) SEC chief says agency to act like hair is on ...
SEC looks to reassure investors      (Reuters)
SEC looks to reassure investors (Reuters)
news.yahoo.com — Reuters - Securities and Exchange Commission officials looked to reassure investors on Friday that they would reinvigorate... the agency's policing of Wall Street, improve the quality of credit ratings and said they expect to bring more cases against ... (more) SEC looks to reassure investors (Reuters)
Pequot Insider Trading Investigation, Part 9
securitiesdocket.com — Just when you thought that the eight prior investigations related to possible insider trading at Pequot Capital... Management in 2001 had pretty much covered all that could be covered, there’s more: Portfolio.com reports that federal prosecutors have now opened a criminal investigation ... (more) Pequot Insider Trading Investigation, Part 9
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Friday links: collapsing earnings
Abnormal Returns — ... What does it take to rise to the top of an investment bank?  (Epicurean Dealmaker) ...

Obama to Neuter Bank Pay Restrictions
naked capitalism — ... But Team Obama seems cowed by Wall Street psychopaths, so aptly described by The Epicurean Dealmaker. And if the Obama crowd lacks the nerve to take on the banks on issues that are largely window-dressing, it's obvious they won't even attempt to tangle with them on matters of substance. ...

Is NY Attorney General Cuomo Just Piling On Merrill?
Daily Markets — ... until after the company decided to pay out $3.62 billion of overall bonuses . I qualify these remarks with the disclosure that I worked at Merrill’s research department until early 2007 and I don’t personally know any of the people involved. There are ways of showing a profit and temporarily hiding losses in complex derivative books but Cuomo’s accusations of traders manipulating their own P&L for to boost their own bonuses is a serious charge. It is certainly possible given this characterization of investment bankers, the ...

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