SAC Is Going Down, but Does This Help Main Street?

dimanche 28 juillet 2013

U.S. Attorney for the Southern District of New York Preet Bharara speaks during a news conference, Thursday, July 25, 2013 in New York. SAC Capital, the hedge fund operated by embattled billionaire Steven A. Cohen was hit with white-collar criminal charges Thursday that accused the fund of making hundreds of millions of dollars illegally, and a related government lawsuit said insider trading was pervasive and unprecedented at the firm. (AP Photo/Mary Altaffer) Clients can't afford to be involved with a firm being charged with illegal conduct; outside money will leave SAC, writes Breakout's Jeff Macke. But does it matter?








via Business & Finance News - Yahoo! Finance http://finance.yahoo.com/blogs/breakout/sac-going-down-does-help-main-street-171011107.html

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