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Forum Post: Lieberman Caught Passing Insider Information to Hedge Fund Managers

Posted 2 years ago on Dec. 23, 2011, 2:02 p.m. EST by fucorporatemedia (451)
This content is user submitted and not an official statement

To counter Republican opposition, Democrats needed votes from Messrs. Lieberman and Nelson, who said they had major concerns with a robust government-insurance plan. As negotiations neared a resolution, JNK Securities and its hedge-fund clients met a half-dozen lawmakers in the U.S. Capitol. Among those who spoke to the hedge funds were Mr. Lieberman and Mr. Carper on Dec. 8, according to their offices. The roster included Viking Global’s Scott Zinober and Karsch Capital’s Eric Potoker.

The broad outlines of an agreement had been circulating for days, but the lawmakers confirmed they were close to a deal that discarded the public insurance plan, a boost to private insurers. Viking, a hedge fund that manages $13.8 billion, bought six million shares of Aetna in that fourth quarter of 2009, according to regulatory filings. Karsch, which manages $2.4 billion, bought half a million Aetna shares during the same period, according to regulatory records. Shares of Aetna rose 14% in the fourth quarter.

http://getsmartnews.com/news/319096

30 Comments

30 Comments


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[-] 6 points by ZenDog (13220) from South Burlington, VT 2 years ago

Let us issue

  • warrants of arrest

and add this technique to our mic.check.

[-] 3 points by fucorporatemedia (451) 2 years ago

Yes! We could even make citizens arrests, hold public trials.

Check this out Occupy London Liberates Abandoned Court House to hold “trials of the one per cent” http://getsmartnews.com/news/316002

[-] 0 points by ZenDog (13220) from South Burlington, VT 2 years ago

LoL!

I don't think I would go so far as to actually perform an arrest - that could get complicated and potentially backfire.

The the theatrical aspects are just perfect.

[-] 1 points by fucorporatemedia (451) 2 years ago

we could hold our own trial right outside the TV station, perhaps without arresting the 1%er

[-] 1 points by ZenDog (13220) from South Burlington, VT 2 years ago

we can host the entire process -

serving papers in a highly public manner

holding trials

finding them in contempt

finding them guilty

just make it highly visible theater, that articulates the crime, the guilt, the verdict, the hypocrisy

all of it

[-] 1 points by fucorporatemedia (451) 2 years ago

That sounds so awesome!

[-] 2 points by SparkyJP (1646) from Westminster, MD 2 years ago

I wonder how much Lieberman was rewarded for delivering this insider information? I'm sure he didn't do it for free.

Viking Global and Karsch Capital must have been the highest bidders.

They're ALL cheats and crooks.

Here is how congress maintains their ethics rules with lobbyists ........... REALLY !!

http://www.washingtonpost.com/lifestyle/style/ethics-rules-can-restrict-members-of-congress-during-party-time/2011/12/20/gIQAMlrHAP_story.html

Cheers!

[-] 2 points by fucorporatemedia (451) 2 years ago

Can we surround the TV stations and demand both Lieberman and these insider traders are held accountable? Anyone? Anyone?

[-] 1 points by Nasa (33) from Brooklyn, NY 2 years ago

Who cares ?

[-] 1 points by hchc (3297) from Tampa, FL 2 years ago

News Flash- they all do it. Fire them all.

[-] 1 points by tbuontempo (194) from Jersey City, NJ 2 years ago

I may be wrong, but I have heard a number of Congresspersons, Bernie Sanders comes to mind, who have pointed out that insider trading laws do NOT apply to Congress.

I am assuming, if I understand this correctly, he has not broken the law.

[-] 1 points by fucorporatemedia (451) 2 years ago

This is a lie, perpetuated by the corporate media and congress for obvious reasons.

Everyone just keeps on repeating that very big lie, but there is absolutely no exemption that protects Congress, they just need to be prosecuted...now!

No, It Is NOT “Legal” For Congress To Insider-Trade — The SEC Should Launch Investigation Immediately http://occupywallst.org/forum/no-it-is-not-legal-for-congress-to-insider-trade-t/

[-] 1 points by tbuontempo (194) from Jersey City, NJ 2 years ago

You are correct, WOW, it is just a PR deal they have been throwing out there.

I found this piece written by a guy from the SEC to the Wall Street Journal:

http://online.wsj.com/article/SB10001424052970204026804577099343818776660.html

[-] 1 points by fucorporatemedia (451) 2 years ago

Sanders is the one pushing for an amendment to the constitution on citizen's united. All these individual occupy groups are working and supporting this, wasting their time and energy on this.

What good is an amendment when they are not currently following our Constitution? They are violating our bill of rights in so many ways, we have Congress insider trading, Lieberman giving inside info to hedge fund managers, wall street getting away with murder, illegal robosigners still going strong...we have laws right now that they are completely ignoring while the justice system is failing and the corporate media is enabling the whole thing. We just need some accountability.

Sorry to say, Sanders is all part of the dog and pony show. I first realized it while watching his remarks in Congress on the stolen election in Ohio 2004, he basically tried to shut everyone up about it and move on. Sad.

Thanks for the article!

[-] 1 points by FrogWithWings (1367) 2 years ago

He's a dirt bag, just watch him in action on CNN

[-] 0 points by GirlFriday (17435) 2 years ago

They can leave. Immediately.

[-] 0 points by economicallydiscardedcitizen (761) 2 years ago

Thanks for the 'heads up.' This should be front page news.

[-] 0 points by bensdad (8977) 2 years ago

I love headlines and accusations - and lies.
There is nothing here that proved or even SAID Lieberman leaked anything

[-] 1 points by fucorporatemedia (451) 2 years ago

What business does he have meeting with hedge fund managers during the health care talks, and the fact they bought and made money on insurance stocks at the time just proves it.

The truth is clear for all who care to see. Most people can put two and two together.

[-] 0 points by bensdad (8977) 2 years ago

Yes- that's why, in America we have trials and "innocent until proven guilty"
I am not a Lieberman fan at all - but I am one of those radicals who believes in justice. Do you?

[-] 1 points by fucorporatemedia (451) 2 years ago

Well let's put him on trial and see what comes out shall we?

You may not have noticed, but Wall Street, corporations, congress, robosigners...have all been breaking the law and no one is holding them accountable, and it is not because they are innocent or we don't have the evidence.

Our justice system which you believe in so strongly is failing miserably and we can't want for the corporate media to call for justice, it is going to have to be this movement, continually raising awareness of these crimes, taking it to the corporate media, surrounding the stations and demanding truth and accountability.

[-] 1 points by CriticalThinker (140) 2 years ago

But, there IS suspicion and the concept of "dirty hands".

[-] 0 points by bensdad (8977) 2 years ago

Lieberman Caught Passing Insider Information to Hedge Fund Managers

suspicion? dirty hands?

The post headline IS A LIE

[-] 1 points by FrogWithWings (1367) 2 years ago

You saw him not do it?

[-] 1 points by bensdad (8977) 2 years ago

[-] 0 points by ZenDog (13220) from South Burlington, VT 2 years ago

well, that's reasonable, I guess.

So . . . what do you say we hold a peoples congress? We bring the perps - <ahem> alleged - perps from the financial sector and compel them to testify about their activities and who it was, precisely, that encouraged investment in Aetna -

We can get to the bottom of this issue I am sure, with pitch fork and bon fire if need be.

It'll be great fun!

[-] 2 points by DKAtoday (34992) from Coon Rapids, MN 2 years ago

Along the lines of Holding Trial Theater. Could We also Be bringing in The Government and Business corrupt to face charges or be sent to FEMA camps under auspices of NDAA? Show how some of this mindless oppressive bullshit could backfire and happen to them? Kind of alike in a way, in how some business's got screwed with going to China for cheap labor, it backfired in that the Chinese stole from them. You know show the shoe on the other foot, kind of thing.

[-] 0 points by ZenDog (13220) from South Burlington, VT 2 years ago

That is the beauty of theater -

the only limitation is the one contained within your own cranium . . . .

[-] 1 points by DKAtoday (34992) from Coon Rapids, MN 2 years ago

Well then lets look forward to an interesting theatrical season.

[-] 1 points by me2 (534) 2 years ago

Complain about protestors being denied due process out of one side of your mouth while advocating its denial to others out of the other side. Great fun indeed!