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The Sad Truth Behind the SAC Indictment
Why isn't the deferred prosecution agreement being used in the SAC case, especially since there is no indictment of Mr. Cohen himself and settlements have been reached in the insider trading allegations?
Just as an exercise, let's compare the regulatory record of SAC Capital to that of JPMorgan Chase (JPM) (JPM). In March, SAC agreed to pay a record $616 million to settle insider trading cases.
But, that amount pales in comparison to the $16 billion that JPMorgan Chase has paid in litigation expense over the three years ended Dec. 31 as documented by Matt Taibbi in Rolling Stone. He catalogs no fewer than 13 prosecutions and settlements with regulators plus a multitude of settlements in civil actions.
"There have been so many settlements with so many agencies around the world ... that they're almost impossible to count," he wrote.Yet, despite these ongoing regulatory issues at JPMorgan Chase, CEO Jamie Dimon is President Obama's "favorite banker" and was seriously considered to succeed Tim Geithner as Treasury Secretary. I am not a fan of SAC Capital or any of Wall Street's too-big-to-fail institutions and have frequently expressed my displeasure with their greed and abuses. Here's the question I'm asking: Is the Justice Department using brute-force indictment power on SAC in order to quell criticism that it has handled Wall Street with kid gloves and that no CEO on Wall Street has been prosecuted, much less convicted, since the financial meltdown five years ago? ( Lehman Brothers, Bear Stearns, Washington Mutual, Wachovia, Merrill Lynch, MF Global.) The answer to the question appears to be: yes. After all, SAC is a big name Wall Street firm, but it only has 1,000 employees. Shuttering it is not likely to have major consequences (although it does account for 3% of Wall Street's trading volume). Not so for JPMorgan Chase. With more than 260,000 employees, the direct use of the indictment power would have systemic implications. This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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text: I am an ISU grad and found this little tidbit over at a Cyclone forum and thought I would share it with you. I have always liked Hobbs and hope that this doesn't become an issue over the next couple of years: "Mr. Hobbs was in Ames last week. He mentioned that he is alternating his game time introduction from year to year. He will be using Iowa State University this next year. He is also not surprised that Dan was let go this year. He has great respect for Dan and thinks he is a great motivator, but as he put it "not a very good game coach". He said he would like to get out of the New England area. The people are not very friendly. He would like to play for the vikings or the Texans. He still loves the Cyclones."

subset: commoncrawl


text: Uncategorized Thank you! Another big thank you goes out to Rachael B. for her very generous donation to Nana's House. It puts us over the $3,000 mark, and that much closer to our goal. We couldn't do this without people like you! Be sure to share our page and website with your friends! Share this:TwitterFacebookGoogleLike this:Like Loading... Related Tags: Nana's House Donate Non Profit Thank You Published on: May 9, 2014Author: Nanas House


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Teen Creek After Hours
All Library locations will close at 5 p.m. on Wednesday, December 24 and remain closed on Thursday, December 25 in observance of the Christmas holiday.
Friday, November 1, 2013
5:00pm @ Sugar Creek Branch
Be creative. Be loud. Be here! The Sugar Creek Library stays open late for Teens only on the first Friday of every month. Come and hang out – play on the computers, watch a movie, or just meet up with friends. Food and noise allowed!


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If you are having a big event this 250 ft. apple red table roll is for you. It is the easiest and most affordable way to cover your tables. The best part about it is you don't have to wash them when the party is over, just throw them away.
" Got my morphsuit early enough to party at my office for halloween. Everyone loved it, including my boss. "


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November 6, 2012
Photo by Jeylin White
Left: Rhythm and blues artist Freddie Jackson, who performed his hits "Rock Me Tonight," and "You Are My Lady," at this year City of Riverdale's South City Concert Series.
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Celebrities embracing Clayton County
Lately, Clayton County has become the epicenter for several celebrities to launch or promote their community initiatives.
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text: This is a very handy product that allows you to strap flash drives, cell phones, small things that you would lose without it. The strap is made of very good silicon and a thin cord that is very resistant. It a little bit pricey and the original description says that it would come with 5 pieces, but after ... Read more


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This group is intended for survivors seeking to cope, connect, and heal with other survivors. With a focus on coping, group discussions will include topics such as shame, self-blame, relationships, breaking silence, anger, loss, self-worth and empowerment. This group will provide a safe, supportive and non-judgmental space for survivors to share their experiences.
Using Artistic Expression as a Tool for Healing: Support Group for Survivors of Sexual Violence
In this group, survivors are encouraged to explore art as a tool in the healing process. No previous experience or artistic ability is needed! This group provides an opportunity for survivors to explore and practice using creativity to transform trauma into art. Participants will be encouraged to create art in response to prompts that are designed to evoke soul searching and healing in a supportive and collaborative environment.