Forum Post: Lieberman Caught Passing Insider Information to Hedge Fund Managers
Posted 12 years ago on Dec. 23, 2011, 2:02 p.m. EST by fucorporatemedia
(451)
This content is user submitted and not an official statement
To counter Republican opposition, Democrats needed votes from Messrs. Lieberman and Nelson, who said they had major concerns with a robust government-insurance plan. As negotiations neared a resolution, JNK Securities and its hedge-fund clients met a half-dozen lawmakers in the U.S. Capitol. Among those who spoke to the hedge funds were Mr. Lieberman and Mr. Carper on Dec. 8, according to their offices. The roster included Viking Global’s Scott Zinober and Karsch Capital’s Eric Potoker.
The broad outlines of an agreement had been circulating for days, but the lawmakers confirmed they were close to a deal that discarded the public insurance plan, a boost to private insurers. Viking, a hedge fund that manages $13.8 billion, bought six million shares of Aetna in that fourth quarter of 2009, according to regulatory filings. Karsch, which manages $2.4 billion, bought half a million Aetna shares during the same period, according to regulatory records. Shares of Aetna rose 14% in the fourth quarter.
Let us issue
and add this technique to our mic.check.
Yes! We could even make citizens arrests, hold public trials.
Check this out Occupy London Liberates Abandoned Court House to hold “trials of the one per cent” http://getsmartnews.com/news/316002
LoL!
I don't think I would go so far as to actually perform an arrest - that could get complicated and potentially backfire.
The the theatrical aspects are just perfect.
we could hold our own trial right outside the TV station, perhaps without arresting the 1%er
we can host the entire process -
serving papers in a highly public manner
holding trials
finding them in contempt
finding them guilty
just make it highly visible theater, that articulates the crime, the guilt, the verdict, the hypocrisy
all of it
That sounds so awesome!
I wonder how much Lieberman was rewarded for delivering this insider information? I'm sure he didn't do it for free.
Viking Global and Karsch Capital must have been the highest bidders.
They're ALL cheats and crooks.
Here is how congress maintains their ethics rules with lobbyists ........... REALLY !!
http://www.washingtonpost.com/lifestyle/style/ethics-rules-can-restrict-members-of-congress-during-party-time/2011/12/20/gIQAMlrHAP_story.html
Cheers!
Can we surround the TV stations and demand both Lieberman and these insider traders are held accountable? Anyone? Anyone?
Who cares ?
News Flash- they all do it. Fire them all.
I may be wrong, but I have heard a number of Congresspersons, Bernie Sanders comes to mind, who have pointed out that insider trading laws do NOT apply to Congress.
I am assuming, if I understand this correctly, he has not broken the law.
This is a lie, perpetuated by the corporate media and congress for obvious reasons.
Everyone just keeps on repeating that very big lie, but there is absolutely no exemption that protects Congress, they just need to be prosecuted...now!
No, It Is NOT “Legal” For Congress To Insider-Trade — The SEC Should Launch Investigation Immediately http://occupywallst.org/forum/no-it-is-not-legal-for-congress-to-insider-trade-t/
You are correct, WOW, it is just a PR deal they have been throwing out there.
I found this piece written by a guy from the SEC to the Wall Street Journal:
http://online.wsj.com/article/SB10001424052970204026804577099343818776660.html
Sanders is the one pushing for an amendment to the constitution on citizen's united. All these individual occupy groups are working and supporting this, wasting their time and energy on this.
What good is an amendment when they are not currently following our Constitution? They are violating our bill of rights in so many ways, we have Congress insider trading, Lieberman giving inside info to hedge fund managers, wall street getting away with murder, illegal robosigners still going strong...we have laws right now that they are completely ignoring while the justice system is failing and the corporate media is enabling the whole thing. We just need some accountability.
Sorry to say, Sanders is all part of the dog and pony show. I first realized it while watching his remarks in Congress on the stolen election in Ohio 2004, he basically tried to shut everyone up about it and move on. Sad.
Thanks for the article!
He's a dirt bag, just watch him in action on CNN
They can leave. Immediately.
Thanks for the 'heads up.' This should be front page news.
I love headlines and accusations - and lies.
There is nothing here that proved or even SAID Lieberman leaked anything
What business does he have meeting with hedge fund managers during the health care talks, and the fact they bought and made money on insurance stocks at the time just proves it.
The truth is clear for all who care to see. Most people can put two and two together.
Yes- that's why, in America we have trials and "innocent until proven guilty"
I am not a Lieberman fan at all - but I am one of those radicals who believes in justice. Do you?
Well let's put him on trial and see what comes out shall we?
You may not have noticed, but Wall Street, corporations, congress, robosigners...have all been breaking the law and no one is holding them accountable, and it is not because they are innocent or we don't have the evidence.
Our justice system which you believe in so strongly is failing miserably and we can't want for the corporate media to call for justice, it is going to have to be this movement, continually raising awareness of these crimes, taking it to the corporate media, surrounding the stations and demanding truth and accountability.
But, there IS suspicion and the concept of "dirty hands".
Lieberman Caught Passing Insider Information to Hedge Fund Managers
suspicion? dirty hands?
The post headline IS A LIE
You saw him not do it?
well, that's reasonable, I guess.
So . . . what do you say we hold a peoples congress? We bring the perps - alleged - perps from the financial sector and compel them to testify about their activities and who it was, precisely, that encouraged investment in Aetna -
We can get to the bottom of this issue I am sure, with pitch fork and bon fire if need be.
It'll be great fun!
Along the lines of Holding Trial Theater. Could We also Be bringing in The Government and Business corrupt to face charges or be sent to FEMA camps under auspices of NDAA? Show how some of this mindless oppressive bullshit could backfire and happen to them? Kind of alike in a way, in how some business's got screwed with going to China for cheap labor, it backfired in that the Chinese stole from them. You know show the shoe on the other foot, kind of thing.
That is the beauty of theater -
the only limitation is the one contained within your own cranium . . . .
Well then lets look forward to an interesting theatrical season.
Complain about protestors being denied due process out of one side of your mouth while advocating its denial to others out of the other side. Great fun indeed!