justice
The Little Old Lady Suing The SEC Over Madoff Scheme
One 61-year-old woman, who lost her life's savings in the Bernie Madoff Ponzi scheme is taking her revenge out on the SEC, who she says should have protected her from this horrible, horrible man.
A New York woman who lost nearly $2 million investing with Bernard Madoff has filed a claim against the Securities and Exchange Commission alleging the agency was negligent in failing to detect an alleged decades-long fraud.
The administrative claim for relief was filed with the SEC on Monday and is believed to be the first attempt by an investor to recover lost money from regulators. Phyllis Molchatsky, a 61-year-old retiree from Valley Cottage, N.Y., is seeking $1.7 million in damages from the agency.
Go get'em lady. But does she honestly have a chance? Isn't this a bit like Suing the local police department for "letting" your house get robbed?
Problems At Chuck E. Cheese
If you thought things were bad at Bennigan's when they were forced to close for bankruptcy a few months ago or at any of the Wall Street firms or American automakers, you haven't seen anything yet.
Chuck E. Cheese, while popular and profitable, has been incurring a brutal storm of bad publicity lately. The Wall Street Journal unleashed this amazing and lengthy feature story ( http://online.wsj.com/article/SB122878081364889613.html ) on the number of instances of violence and required police action at many restaurant locations across the country.
Alcohol and kids birthday parties is a bad combination. You can't make this stuff up.
If you read through the WSJ article, I promise the inner child in you will not regret one second of it.
The biggest melee broke out in April, when an uninvited adult disrupted a child's birthday party. Seven officers arrived and found as many as 40 people knocking over chairs and yelling in front of the restaurant's music stage, where a robotic singing chicken and the chain's namesake mouse perform.
Anyone wanna hit up the local C.E.C. this weekend to get wasted, eat some pizza, and get in a fight? I know I do.
How To Sue For Your Job/Bonus
Sure, Wall Street is getting a bad rap right now. AIG is cowering in fear that any modicum of spending will be perceived as another opulent bailout-wasting extravaganza. But just cuz those suckers are under the gun doesn't mean you guys should throw in the towel on your potential firings or cut bonuses. Give 'em hell!
DealJournal's Heidi Moore (who is by far the smartest person named Heidi we've ever met or heard of) has a great interview with John Singer of Singer Deutsch law firm which represents bankers and traders in bonus disputes. Is it true what they say, arbitration is always your friend? How about veiled passive aggressive threats, where do they fall on the 'tools of the trade' hierarchy?
Cuban Defends Himself On His Blog
The Mark Cuban fallout has begun. The cool part about being a public figure/NBA owner being charged with insider trading? You can defend yourself via blog postings!
Poll
The DOW will pass 10,000 for good in....
Q1 2009
4%
Q2 2009
3%
Q3 2009
27%
Q4 2009
19%
Q1 2010
15%
Q2 2010
9%
Q3 2010
3%
Q4 2010
1%
Some time in 2011
14%
2012+
4%
Total votes: 95
