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McPhersonSentinel - McPherson, KS
A blog 'for independent minds'
Hard times for Steve Cohen
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Opinion page editor Rick Holmes and other writers blog about national politics and issues. Holmes & Co. is a Blog for Independent Minds, a place for a free-flowing discussion of policy, news and opinion. This blog is the online cousin of the Opinion ...
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Opinion page editor Rick Holmes and other writers blog about national politics and issues. Holmes & Co. is a Blog for Independent Minds, a place for a free-flowing discussion of policy, news and opinion. This blog is the online cousin of the Opinion section of the MetroWest Daily News in Framingham, Mass. As such, our focus starts there and spreads to include Massachusetts, the nation and the world. Since successful blogs create communities of readers and writers, we hope the \x34& Co.\x34 will also come to include you.
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By Rick Holmes
Nov. 6, 2013 12:01 a.m.



Three things I’ve learned recently about the latest Wall Street scandal, with the SAC Capital Advisers hedge fund being fined $1.8 billion by the SEC for insider trading:

1.  SAC stands for Steven A Cohen, and well over half the fund’s capital is Cohen’s money. After the fine, the fund still has $9 billion of his money.

2. A tweet from a guy  I follow:















  1. #1: I covered SAC. No lie, Steve fucking Cohen would keep a Maybach out front with the engine running at all times.

    3. Before the settlement with the SEC, Cohen was 43rd on the Forbes list of wealthiest Americans. After the settlement, he’s fallen to 59th. Poor guy.













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