tag:blogger.com,1999:blog-14963913.post699712595728012421..comments2023-10-27T20:27:57.900-04:00Comments on Kid Dynamite's World: Citi's SEC Fine - You Should be Perturbed By ThisKid Dynamitehttp://www.blogger.com/profile/17475987512856310577noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-14963913.post-7575480002224897712010-08-17T10:02:38.188-04:002010-08-17T10:02:38.188-04:00and all of these fines are PROBABLY TAX DEDUCTIBLE...and all of these fines are PROBABLY TAX DEDUCTIBLE . What is needed is JAIL TIME..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14963913.post-43680137937673244492010-08-02T22:59:19.528-04:002010-08-02T22:59:19.528-04:00Maybe because it served the political masters of t...Maybe because it served the political masters of the SEC better to beat up on GS? I STILL have difficulty accepting the argument that "having an economic interest" in seeing something go to zero is the same as "building it" to go to zero. I have an economic interest in every trade i do going the way I want but to date have not found the magic that Fab Fabrice apparently had to MAKE it happen...<br /><br />DannyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-14963913.post-15994731154092017082010-08-02T18:48:28.652-04:002010-08-02T18:48:28.652-04:00Welcome to New Jack CitiWelcome to New Jack Citischarfyhttps://www.blogger.com/profile/18309882331114382248noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-35241446950234632482010-08-01T19:11:46.473-04:002010-08-01T19:11:46.473-04:0040 billion bucks is A LOT of incompetence. Doesn&...40 billion bucks is A LOT of incompetence. Doesn't seem like figures of trillions, billions, and millions have become almost meaningless? Why would not any shareholder sell his stock, or any depositor remove his deposits on hearing news like this? Billions of dollars in losses and no one really gets upset?<br /><br />A 75 million dollar fine? Hell, they probably spend that on the company softball league.Markhttps://www.blogger.com/profile/03572148982033990206noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-54835208694982453392010-08-01T18:19:09.493-04:002010-08-01T18:19:09.493-04:00That Calculated Risk saying applies here for the g...That Calculated Risk saying applies here for the gross incompetence of the C guys:<br />"Whooocoodanoode?"EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-78199602672911307242010-07-31T14:09:13.454-04:002010-07-31T14:09:13.454-04:00The law only applies to the powerless. It was not...The law only applies to the powerless. It was not always as bad in the USA as it is now.Blurtmanhttps://www.blogger.com/profile/04997520846655923035noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-68710903763793674072010-07-31T08:29:04.449-04:002010-07-31T08:29:04.449-04:00IF - two senior Citi employees were actually fined...IF - two senior Citi employees were actually fined in this case. I don't know if they pay the fines, or if the company does. i would GUESS that the company ends up paying it in one way or another, but i can't prove that.<br /><br />as for the rest of the fine - the company pays it, so in a way, yes, the shareholders do.Kid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-87057488696709661992010-07-31T00:14:37.708-04:002010-07-31T00:14:37.708-04:00Could you please highlight who in your opinion is ...Could you please highlight who in your opinion is going to pay the fine for misleading investors?<br />a) management<br />b) investors<br />c) tax payer<br />Did you write long? Is this a hedge for being a tax payer?IFnoreply@blogger.com