Tuesday, June 28, 2011

Lehman Update

A few days ago my dad and I were wondering when we were going to hear additional news about the status of the Lehman Bros Repo 105 case.  It turns out we missed a Bloomberg article about the issue a few weeks ago.  According to the article the SEC is having a hard time finding sufficient evidence to sue Lehman for their use of Repo 105 transactions.  Here is an excerpt from the article:

Tuesday, June 21, 2011

Madoff Investors vs Rajaratnam Investors

A NYTimes op-ed raises an interesting question: When we sue Madoff investors who were "net winners" to recover their ill-gotten gains, why don't Rajaratnam's Galleon investors face consequences of a similar nature--why are they allowed to keep their ill-gotten gains?  From the op-ed:

Tuesday, June 14, 2011

Lance Armstrong Investigation: New Charges May Be in the Works

(photo taken from ESPN website)
The incident that I blogged about yesterday regarding a hostile confrontation between Lance Armstrong and his former friend and chief lieutenant, Tyler Hamilton, may be more serious than Lance had imagined. Tyler's attorneys have reported the incident to federal authorities since it potentially involves witness tampering. A few more details are coming out today. For example...

Monday, June 13, 2011

Lance Armstrong Investigation: Tyler and Lance Have Confrontation

(photo courtesy of NBC website)
Abe Streep of Outside Magazine is reporting that Tyler Hamilton took a group of cyclists on a bike tour for the magazine and then took them to dinner at the Cache Cache Restaurant in Aspen, Colorado. The reports say that Hamilton mistakenly thought Armstrong was out of town. To his surprise, when Tyler was leaving the restroom, an arm blocked the hallway and...

Wednesday, June 1, 2011

Lance Armstrong Investigation: Odds and Ends

In today's news, various sources are reporting that Lance's lawyers are demanding an on-air apology from 60 Minutes. I personally am not holding my breath...

Well, aside from that news, I have had questions about the Lance Armstrong investigation asked to me from some friends and thought I'd document my thoughts to these questions. Some of you may have had similar questions or may hear similar questions as the public starts hearing more about the investigation. For example, a friend in my neighborhood asked me "How could he be guilty when he was tested so many times?" My response...