Posts filed under “Markets”

Ebbers Guilty on All Counts

Guess I know what we will be talking about on Cavuto today . .  .


"When all of the activities at WorldCom are fully aired and when
I get the opportunity — and I’m very much looking forward to it — to explain
my actions in a setting that will not compromise my ability to defend myself in
the legal proceedings arising out of the recent events, I believe that no one
will conclude that I engaged in any criminal or fraudulent conduct during my
tenure at WorldCom."

Bernie
Ebbers, July 2002

click for larger chart

Wsj_ebbersdfns0503_1

Source:  Courtroom
Accounting:
A testimony scorecard

Buh-bye !

>

Sources:
Ebbers Is Found Guilty
Former WorldCom CEO Is Convicted For Role in Massive Accounting Fraud
A WALL STREET JOURNAL ONLINE NEWS ROUNDUP
March 15, 2005 2:36 p.m.
http://online.wsj.com/article/0,,SB111090709921580016,00.html?mod=special_coverage

Ex-WorldCom CEO adds "Prison Etiquette" to Amazon wish list
John Paczkowski
GMSV, Tue, Mar. 15, 2005
http://www.siliconvalley.com/mld/siliconvalley/business/columnists/gmsv/11142112.htm

See also:
Chronology of Ebbers case
Associated Press, Tue, Mar. 15, 2005 http://www.siliconvalley.com/mld/siliconvalley/11142155.htm 

Whither Jack Grubman?
DAVID A. GAFFEN
THE WALL STREET JOURNAL ONLINE, March 15, 2005 12:51 p.m.
http://online.wsj.com/article/0,,SB110995658245970777,00.html

Category: Markets

SEC Budget Insufficient for New Hires

Category: Markets, Politics

HedgedFund.org’s Internet Links of Interest:

Category: Finance, Investing, Markets, Psychology, Weblogs

Are Fixed Income Markets as Wild as Equities?

Category: Markets, Trading

Great Bearish Quotes

Category: Markets

DJIA Rallies (since 1900)

Category: Markets

Risk is on the Rise

Category: Economy, Markets

Nasdaq (and other Bubbles)

Today is the 5th Anniversary of the Nasdaq’s peak –  5048.62 on March 10, 2000 on a closing basis (The Nazz actually hit 5132 intraday). Let’s do a little “compare and contrast” with Nasdaq, and other previous bubbles. Recall we visited this theme in Three Bubbles exactly one year ago (graphic). The goal is to…Read More

Category: Markets

No Goldilocks Economy

Category: Economy, Markets

Category: Markets