The man is obsessed with Guy Fieri. How dangerous can he be?
Yes, indeed, it’s good to be King. If it were anyone else, say for example a billionaire Indian hedge fund manager, Stevie Cohen might be in some country club prison, discussing backgammon strategy. But Stevie isn’t Indian and has connections in high places, enabling him to break laws and avoid jail time, as long as the money keeps flowing in the right direction–if you know what I mean.
Oh, by the way, Stevie will be accepting new money for his new hedge fund real soon. Senator ‘batshit’ Warren went apeshit and wrote a scathing letter to the SEC over this grave injustice.
In a letter sent on Thursday to the U.S. Securities and Exchange Commission, the Massachusetts Democrat said the regulator’s decision to approve the firm, Stamford Harbor Capital L.P., makes “a mockery of the SEC’s core mission to ‘protect investors.'”
“The Commission has permitted a recidivist hedge fund manager, well-known for his former company’s willingness to evade and ignore federal law, to once again profit from – and potentially exploit – investors,” she wrote, adding it is “the latest example of an SEC action that fails to appropriately punish guilty parties, deter future wrongdoing, and protect investors.”
I’m sure the penny stock busters at the SEC had a good chuckle over this Warren tirade. She, apparently, doesn’t know how the game works.
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Warren for SEC chair in the Clinton administration.
You’re nuts to think that Hilarity is going to do anything but coddle Wall St. like a newborn, she loves those guys. They pay her 250k a speech.
Warren for SEC chair in the Sanders administration.
Then Sanders will be the one who was ignorant of how the game used to work. She could and should change the game.
If I ran the SEC, 40% of the budget would be to pay people for bringing us info that resulted in convictions, 40% would be for investigators following up on the tips, and 20% would be for staff parties and bonuses.