RUH ROH!! FBI raids 3 hedge funds in insider case

[Peacetrain]

:) good day for Democrats.. BP blinked and now this..


http://news.yahoo.com/s/nm/20101122/bs_nm/us_hedgefunds_fbi

NEW YORK (Reuters) – The FBI raided three hedge funds in connection with a widening probe into insider trading, the Wall Street Journal said on Monday.

Diamondback Capital Management LLC and Level Global Investors LP, two Connecticut funds run by former managers of Steven Cohen's SAC Capital Advisors, were among those raided, according to the report.

Also raided was Boston-based Loch Capital Management, according to the report. Loch has had close ties with a witness who pleaded guilty in a separate insider trading probe centered on the Galleon Group hedge fund.

[Arctic Dave]

1. Let's hope three is just the beginning.

[Peacetrain]

2. I hear that..

[tridim]

3. Jump you fuckers! nt

[Peacetrain]

4. ROFL... that is about it..

[johnaries]

5. An enthusiastic K&R, and hoping for more to come! nt

[hatrack]

6. Good start, but let's hope that probe widens a LOT more . . .

As in Goldman, Chase, Citi and so forth . . .

[Rosa Luxemburg]

7. Is Chad Loweth Republican still a congressperson?

he was heavily linked

[flamingdem]

8. woo hoo !! nt