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Dr. Fly

18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.

Man From Abbottabad Might Have Live Tweeted U.S. Assault on Bin Laden

Read his timeline.

ReallyVirtual Sohaib Athar
Helicopter hovering above Abbottabad at 1AM (is a rare event).
ReallyVirtual Sohaib Athar
A huge window shaking bang here in Abbottabad Cantt. I hope its not the start of something nasty :-S
ReallyVirtual Sohaib Athar

@
@raihak Funny, moving to Abbottabad was part of the ‘being safe’ strategy
ReallyVirtual Sohaib Athar
Since taliban (probably) don’t have helicpoters, and since they’re saying it was not “ours”, so must be a complicated situation #abbottabad
ReallyVirtual Sohaib Athar
The abbottabad helicopter/UFO was shot down near the Bilal Town area, and there’s report of a flash. People saying it could be a drone.
ReallyVirtual Sohaib Athar
Here’s the location of the Abbottabad crash according to some people >>> http://on.fb.me/khjf34
ReallyVirtual Sohaib Athar
And now, a plane flying over Abbottabad…
ReallyVirtual Sohaib Athar
Report from a taxi driver: The army has cordoned off the crash area and is conducting door-to-door search in the surrounding
ReallyVirtual Sohaib Athar
RT @ISuckBigTime: Osama Bin Laden killed in Abbottabad, Pakistan.: ISI has confirmed it << Uh oh, there goes the neighborhood :-/
ReallyVirtual Sohaib Athar
I need to sleep, but Osama had to pick this day to die :-/
ReallyVirtual Sohaib Athar
Uh oh, now I’m the guy who liveblogged the Osama raid without knowing it.
ReallyVirtual Sohaib Athar
and here come the mails from the mainstream media… *sigh*
ReallyVirtual Sohaib Athar

@sabahat24 Irony follows me everywhere I go :-/

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Celebrations Break Out in NYC (photo)

From Times Square to Ground Zero, people are going nuts.

Below is a pic of a few firefighters showing their delight.

Ground Zero celebrations underway, fireworks can be heard.

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George W. Bush’s Statement on Bin Laden’s Death

Earlier this evening, President Obama called to inform me that American forces killed Osama bin Laden, the leader of the al Qaeda network that attacked America on September 11, 2001. I congratulated him and the men and women of our military and intelligence communities who devoted their lives to this mission. They have our everlasting gratitude. This momentous achievement marks a victory for America, for people who seek peace around the world, and for all those who lost loved ones on September 11, 2001. The fight against terror goes on, but tonight America has sent an unmistakable message: No matter how long it takes, justice will be done.

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Flash: US on High Alert Following the Death of Bin Laden

US officials are concerned of reprisals from some of Bin Laden’s operatives following a joint assault, by way of ground, that led to the death of Bin Laden last week.

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Silver Has Died

For some odd reason, silver is down 10% to $42ish. Hence, silver is dead; long live equities.

Related: futures are climbing, now up 4.

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David Sokol’s Attorney Fires Back at Buffett

His written response:

“David Sokol is deeply saddened that Mr. Buffett, whom he considered a friend and mentor, would disparage him as he has done today. Neither Mr. Buffett nor the Audit Committee at Berkshire has requested to speak nor has spoken to Mr. Sokol since his resignation was made public by Mr. Buffett on March 30th. Mr. Buffett drafted the March 30th press release announcing Mr. Sokol’s resignation in cooperation with Mr. Charlie Munger and Mr. Ronald Olson both of whom are Berkshire Board Members. They know the law and they know the Berkshire policies. In that context, Mr. Buffett correctly declared Mr. Sokol’s conduct lawful and indeed was effusive of his praise of him. There is no new information or new fact which has become available to them since that press release was issued on March 30th. At no time did Mr. Sokol attempt to withhold information from Mr. Buffett, Berkshire Hathaway or the Audit Committee. Every question asked of Mr. Sokol on or prior to March 30th and any information requested of him has been provided. The Audit Committee report, which was prepared by the law firm of Munger Tolles & Olson contains errors and omissions, both of which could have been avoided if the Audit Committee had inquired of Mr. Sokol.

It is alarming that Mr. Buffett would be advised to so completely flip-flop and resort to transparent scapegoatism. After 11 years of dedicated and hugely successful service to various Berkshire Hathaway subsidiaries, Mr. Sokol would have expected to be treated fairly. That would have been in Berkshire’s interest.

Let me be clear about central facts: At no time did Mr. Sokol violate the law or any Berkshire policy. At no time did Mr. Sokol intend to personally profit at the expense of Berkshire or its shareholders. At no time did Mr. Sokol mislead or deceive. Such a conclusion would be wholly out of character and the Berkshire Board is keenly aware of that. At all times he faithfully discharged his fiduciary duties to Berkshire, a company he heroically served and continues to regard with reverence.”

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