Tuesday, January 27, 2009

Pigman Subpoenas - It's about Time

Why is it that only New York AGs ever have the balls to go after these crooks? Come on congress - get with it!!!

The Market Ticker:
"It is being reported on CNBC (and now on Marketwatch) that Andrew Cuomo (one of the
few law enforcement folks who actually take the word law and enforcement as
serious commitments, in my experience) has decided to subpoena former CEO Thain
under the Martin Act (a securities guy's nightmare, as it is a criminal fraud
statute!) related to the bonus payment move-up.


I'll say this - if Cuomo starts bringing charges related to the collapse and bullcrap that has gone on over the last year and a half, especially if he starts targeting the fools who
paraded their companies around CNBC claiming they were 'Well capitalized' days
before collapse, I'll kiss Cuomo on the lips - and I'm not gay.


I'm truly impressed, and will pray nightly that Cuomo hasn't hired any $3,000/hour hookers
that can be used to derail his investigation as happened with Spitzer."

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