peHUB Second Opinion 12.19

Backstabbing: A Lehman trader stole info about pending M&A deals from his public relations wife?! And then gave it to 20 of his friends to trade on?! At least in Barbarians at the Gate the PR/financier husband-wife team worked together! What a horribly desperate dude. (CNBC) Call-Outs: Cerberus, update your web site already! You can't ignore the fact that you're all over the headlines forever. (PE Database) Agreed: Paul Kedrosky mathematically argues that Madoff wasn't as unsophisticated as commentators say he was. (Infectious Greed) Asleep at the Wheel: Madoff's accountant wrote an essay about how surprising it is to find ATMs overseas. Really.

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