Qualcomm Moderated Thread - please read rules before posting Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 155.82

-1.3%

Jan 23 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: David E. Taylor who wrote (80965)	10/13/2008 5:55:15 PM
From: carranza2	Read Replies (1) of 197351

The investment banks essentially gave up the ghost on the ARS as they were actively pushing them at the same time that they [the sleazebags] were actively planning to withdraw from the ARS markets. Their withdrawal tanked them. Selling securities in a market which they knew was going to collapse due to their withdrawal is called fraud and breach of fiduciary duties. Lots of individual investors were very concerned as they could not withdraw their cash. I assume Q used the same investment banks as these securities are available through brokers and investment banks exclusively. Most of the sellers have settled as they were caught red-handed very easily. The holders are getting paid. No loss to Q, I'm fairly sure, or only minimal. The ARS fiasco was one of the sleaziest things I have ever witnessed Wall Street execute, and there are plenty to count. It was absolutely amazing, particularly since ARS was sold to investors on the notion that it was an ultra-safe security, almost the equivalent of a money market fund.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next