Showing posts with label big SAC Capital. Show all posts
Showing posts with label big SAC Capital. Show all posts

Saturday, August 10, 2013

Wall Street's big SAC Capital problem

This proves now big embattled SAC hedge fund manager Stevie Cohen is.  Because if SAC goes down, a lot of big banks will be going down with him.  My speculation?  Despite SAC's obvious shenanigans, a few managers will be scapegoated to create the illusion of justice.  Many will pay fines and admit no guilt.

The too-big-to-fail banks connected to SAC must be sanitized from any wrong-doing.  Wall Street needs to be portrayed as that shining example of capitalism, instead of the rotten, corrupt, rigged market it has become.

http://www.cnbc.com/id/100940427