Serge Birbrair

http://www.nothingcontroversial.com/forum/forumdisplay.php?f=25

43 Comments

    • What the Auction Rate Securities Settlement Doesn't Do [view article]
      Jake, I am sorry to rain on your article, but I wish you do the due diligence the next time your write the articles appearing on Seeking Alpha.

      Here is where the lack of due diligence shines bright:
      www.nothingcontroversi...       Aug 15 02:07 PM
    • Auction Rate Securities: Who's To Blame? [view article]
      Like I said and 30 seconds ago Andrew Cuomo confirmed it:
      His office represents the PEOPLE (us)

      As far as penalty rates are concerned,
      Michael, some of the current penalty rates are LOWER than they were prior to Feb 13th. Andrew Cuomo returns confidence into the market place and billions of dollars as well. When I get my money back, I'll buy real estate FOR CASH and us, the redeemed investors, will stop the slide of the housing market.

      All well what ends well and I glad you taking this lesson in ARS in stride.       Aug 14 11:45 AM
    • Auction Rate Securities: Who's To Blame? [view article]
      Michael Steinberg, Cuomo, who is indeed very sympathetic to the banks and not investors, per your story,
      invites more bankers to settle with investors he has no sympathy for, according to your fairy tale.
      For your reading pleasure:
      www.bloomberg.com/apps...

      I hope you don't have anything against real journalists who do their due diligence.       Aug 11 01:39 PM
    • Auction Rate Securities: Who's To Blame? [view article]
      Michael Steinberg, do you have proof that Attorney Generals have no sympathy for investors or is it hearsay? I don't want to be "lolled into complacency" and I am questioning your expertise on the subject.

      How could investor know that investor was buying the long term bond when no prospectuses were offered and the only information investor could rely upon were:
      words of their brokers
      published materials by brokerage companies telling them that the investment was "Cash Alternative"?

      I appreciate your Monday Quarterbacking, but I see no substance in your post whatsoever.

      There is a poll going on if you are incompetent or just enjoy your pontifications, stay tuned, we'll know by the end of the day from investors.
      nothingcontroversial.c...

      Have a nice day and do me a favor, do some due diligence before you write your next "well informed" opinion.

      P.S. when you get the proof about the alleged positions of AG's we, the investors, are in the constant contacts with - please feel free to post them here for all to see how right you were.

      All - this will be a very long wait, bring your pop corn and folding chairs.       Aug 11 07:47 AM
    • Opportunities in the Real Crisis: Water [view article]
      iThinkBig, thanks, I fell off the chair laughing and woke up!
      :)       Aug 09 07:24 AM
    • Counterparty Risk Management: How Could So Many Be So Wrong for So Long? [view article]
      The bankers have tremendous leverage with issuers.

      Who the hell will underwrite the next muni-etfPreferred-Stud... issue if all major bankers say NO?

      Those who need capital need bankers to raise this capital. I see them falling to bankers pressures next, as now it's not our but bankers money on the line.


      Right now this is our money on the line, after UBS buys ARS they sold fraudulently to us from us, this will be their money and their pressure on the issuers. They'll do fine and make some in refinancing fees.       Aug 07 07:11 PM
    • UBS: Can It Get Any Worse? [view article]
      UBS - what's not to like!?

      sergebirbrair.com/UBS....

      Tax cheats heaven, incompetence temple, lawsuits galore,
      United Bandits of Switzerland       Jul 10 01:23 PM
    • Wachovia, Deutsche Bank's $1B Syndicated Slipup [view article]
      Let's look at the bright side, neither DB nor WB got themselves as deep in subprime mortage fiasco as United Bandits of Switzerland
      sergebirbrair.com/UBS....
      so they can afford to be picky.       Jul 10 03:29 AM
    • Valuing Investment Banks [view article]
      ..and how much will you value UBS Bank?
      How many billions are those lawsuits and IRS investigations are worth?


      "UBS, it's U - arsvictims.com and US -sergebirbrair.com/UBS.... "       Jul 10 03:23 AM
    • How Deceitful Are the Big Banks? [view article]
      Burt, if I was long LEH, I'd be touchy too. Have you ever heard of shorting the stocks instead of buying them? May 28 03:04 AM
    • How Deceitful Are the Big Banks? [view article]
      Burt,
      If A equals B and A equals C,
      B=C

      Financials of major Investment Banks you can find in this chart made by St Louis Federal reserve:

      research.stlouisfed.or...


      Bill, don't be afraid to generalise, the truth is scarrier than we all can imagine.

      I double dog dare everybody to find scarrier chart in their lifetimes.


      May 27 09:17 AM
    • How Deceitful Are the Big Banks? [view article]
      You don't say....
      UBS and it's "cowboy style" banking makes it the best run bank in the world:
      www.nothingcontroversi...       May 26 09:38 AM
    • FINRA Arbitrations on the Increase? [view article]
      Oh yeah, the number of people filing for arbitration is on the rise and while the holders of the preferred stocks have hope as some of the funds redeem rather than being sued, the holders of Student Loan ARC's have no prayer.

      You can find heart wrecking stories of Auction Rate Securities victims at
      www.nothingcontroversi...
      and feel free to add your own.

      While some ARS Victims look at Arbitration as the last resort
      www.nothingcontroversi...
      some investors found that they do NOT have arbitration agreements signed with the broker and they will be suing in courts, with treble damages and all other remedies available to those lucky ones.

      The defending banks and brokerage firms are in violation, in my humble opinion, of

      SEC Rule 10b-5 is one of the most important rules promulgated by the U.S. Securities and Exchange Commission, pursuant to its authority granted under the Securities Exchange Act of 1934. The rule prohibits any act or omission resulting in fraud or deceit in connection with the purchase or sale of any security, including insider trading.
      The rule itself is relatively short, and to the point. The formal title is "Rule 10b-5: Employment of Manipulative and Deceptive Practices", and the complete text reads:

      It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any facility of any national securities exchange,

      (a) To employ any device, scheme, or artifice to defraud,

      (b) To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, or

      (c) To engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person, in connection with the purchase or sale of any security.

      In the case of TSC Industries, Inc. v. Northway, Inc., the word "material" was defined by the U.S. Supreme Court - "an omitted fact is material if there is a substantial likelihood that a reasonable shareholder would consider it important in deciding how to vote." 426 U.S. 438, 449.

      and I feel cautiosly optimistic that arbitrators and juros see it this way.       May 09 05:34 AM
    • Bond Trader: Friday Wrap [view article]
      I doubt very much that BAC can afford the guarantee. After all, BAC has it's own problem,
      Auction Rates Securities and associated class action law suits and arbitrations are just the part of it       May 03 04:48 AM
    • Systemic Weekend Reading [view article]
      Greg,
      the MOST troublesome part was:


      The other systemic issue confronting the global financial system is, of course, regulatory incompetence. “Fooling Some of the People All of the Time,” by Greenlight Capital’s David Einhorn, tells the story of his six year all-in battle with the extraordinarily sleazy Allied Capital (ALD), and its sleazy allies at the US Securities and Exchange Commission:

      It is a surprisingly dark story, in which Mr. Einhorn’s usual winning touch vanishes for most of the narrative. As he struggles to figure out why, he appears naïve at certain times, petulant at others. But he presses on anyway, confident that vindication will come. It never really does...

      ...Large chunks...amount to an angry man's recital of his grievances—and Mr. Einhorn has some good ones. An SEC lawyer who quizzed him aggressively about his short-selling methods later went into private practice and registered as a lobbyist for Allied.


      It was sent to
      Christopher Mulvihill - State of New York AG Office
      SEC
      B. Zvilev, State of Texas Securities Division,
      Bloomberg
      Dow Jones
      and many others state and government regulators, prosecutors, attorney generals offices, and news persons.


      We, the Auction Rate Securities investors who got caught in 330 billions mess, with UBS as a Key Player
      appreciate your article and I hope it will open many eyes, including the eyes on the very top of the
      SEC,
      AG offices,
      US Government and it's Financial Comittees.

      Yours truly,
      Serge Birbrair, ARS misled investor by UBS
      arsclassaction.com       Apr 27 10:48 AM
Loading...
Symbols:
Authors:
Quick Links:
Contribute an Article Become a Seeking Alpha Contributor

Transcripts

More Transcripts»