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0 pointsivalm5y ago0 comments

It was a company announcement material to the fund's prospects, if they lied it would be grounds for a securities fraud suit from their investors.

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thereare5lights5y ago

Do we know if the fine that they would get is smaller or larger than the amount they stand to save by lying?

ivalmOP5y ago

But there is no reason to think they are lying. They needed $3b to close, they got 2.85b cash bailout, it makes sense that they closed.

thereare5lights5y ago

The reason is if they can make more money by lying. If still make a net profit even after any penalties for lying, then why wouldn't they lie? It's not like wall street has shown itself to be upstanding actors.

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0 pointsivalm5y ago0 comments

It was a company announcement material to the fund's prospects, if they lied it would be grounds for a securities fraud suit from their investors.

0 comments

thereare5lights5y ago

Do we know if the fine that they would get is smaller or larger than the amount they stand to save by lying?

ivalmOP5y ago

But there is no reason to think they are lying. They needed $3b to close, they got 2.85b cash bailout, it makes sense that they closed.

thereare5lights5y ago

1 more reply

j / k navigate · click thread line to collapse