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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: anniebonny who wrote (105792)1/16/2009 2:53:06 PM
From: scion  Read Replies (1) of 122087
 
Good point, and here are some other comments:

comments so far...

2.January 15th,20094:59 pm

If that's true, then what were all of the analysts, traders, back office people doing all day?

How could no one else realize the whole thing wasn't real?

-- Posted by Michael

3. January 15th, 2009 6:55 pm

This would have to be the biggest embarrassment of all for the SEC. Bad books or not, to not own a single security because you never bought a single share would have to come up in even the shortest of detailed review of the books. With money going in without the anything tangible to show for it is the perfect example of a Ponzi scheme.

-- Posted by Dave

dealbook.blogs.nytimes.com
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