about this blog
- Liz Claman joined FOX Business Network (FBN) as an anchor in October 2007. Her debut included an exclusive interview with Berkshire Hathaway CEO and legendary investor Warren Buffett.
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Rick La Pointe
Great Interview Liz: Your direct questions about short selling by hedge funds and others, as well as Harvey's agreeement with your assement of Greed and distruction of Companies and other financial institutions, point out a need for STRONG regulation by the SEC as well as other Federal Agencies, to save this countries economy.
richard panico
If they put handcuff on all the bankers and brokers who knowingly stole all the money from normal everyday people and left them without retirement money or a future the handcuff manufacture would have to work 24/7 for the next 5 years. The real answer to the financial problem is the same answer to the question everyone in Massachusetts is asking: If all the politicians in Mass. were on a cruise ship and it hit an an object in the water and sank, who would be saved? the answer is below. eht elpoep fo sttesuhcassam !!!!!
chuck
I've been following this story for sometime. For one thing it's a compelling interesting story my perspective. I've commented on Naked Short Selling in Alexi's blog on this issue. But when I heard the SEC was coming in rumors on Wall Street,especilally when a rumor brings downs an Investment brokerage or a bank. I get the impression that Wall Street is real sensative to rumors. And rumors when they have legs can be either be benefiticial or detrimental when the facts emerge. The Bear Sterns Debacle has revealed something about Wall Street Bankers as well and how they act. But to control rumors,gossip on Wall Street would be difficult for so many fly in and out. I bet youd'd heard some from your own sources. But when one bank gets in trouble like Bear Sterns u can wonder how many more banks on the street could be in trouble down the road. Now a terrific example of a rumor causing panic and run on a bank is Senator Schumer and Indymac. When I heard the story of what he put out in his letter on Indymac it cause panic for the bank and by Friday Evening FDIC regulators moved in on IndyMac. My impression,perception is that Senator Schumer had Inside Information. It raises all sorts of Ethical issues I believe the SEC and other agencies could look into Senator Schumor on. But the big question would be this: why did he choose to go after Indymac in Pasadena,Ca where on Wall Street there are larger game to go after. What his actions using that inside information but the question I would raise is this: senator had did u acquire it? are you on the banking committee? Still I can't shake the susupisiouns of Inside information, oh how he used it.
Thomas Byrnes
Lehman Bros cheats and has been cheating all along... it is one of the "special" financial institutions, protected by big brother. Otherwise, it would already be out of business. If the rumors were not true, then Lehman Bros would have been just fine. But Lehman Bros is according to an objective view of their balancesheets, is in major trouble.
Thomas
Clear and specific. I like it.
Micaiah2004
When will the SEC investigate the naked short selling of mining stocks? When will the SEC investigate the handful of short sellers who take a monopolistic position against gold and silver futures??????????????????? Why is the SEC lazy in going after the large firms/hedge funds who are in fact manipulating the mining company shares, e.g. Minefinders and the commodity futures for precious metals????? Could it be that the FED/Treas cartel is one of the naked short sellers?????? Investigate that w/ the FBI, Dept of Justice. SEC doesn't need more powers...it just needs to enforce the existing laws against large institutional firms who are trading illegally.
Paul
Normally, there is no smoke without a "Fire"!