Serge Birbrair's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/155197/comments http://seekingalpha.com/article/136268-the-stress-test-s-biggest-loser-gmac?source=feed#comment-500098 500098 Tue, 12 May 2009 08:23:36 -0400 http://seekingalpha.com/article/136268-the-stress-test-s-biggest-loser-gmac?source=feed#comment-498991 498991 Mon, 11 May 2009 11:26:33 -0400 http://seekingalpha.com/article/136268-the-stress-test-s-biggest-loser-gmac?source=feed#comment-497892 497892 news.yahoo.com/s/ap/20...]]> Sun, 10 May 2009 14:01:50 -0400 news.yahoo.com/s/ap/20...]]> http://seekingalpha.com/article/100362-bear-markets-are-time-for-action?source=feed#comment-285586 285586 Sun, 19 Oct 2008 10:10:25 -0400 http://seekingalpha.com/article/100571-muni-bonds-boast-attractive-yields-barron-s?source=feed#comment-285524 285524 With Obama's Presidency as a large possibility, tax increases will support the demand for the tax free bonds.]]> Sun, 19 Oct 2008 08:18:18 -0400 With Obama's Presidency as a large possibility, tax increases will support the demand for the tax free bonds.]]> http://seekingalpha.com/article/91117-what-the-auction-rate-securities-settlement-doesn-t-do?source=feed#comment-231369 231369
Here is where the lack of due diligence shines bright:
www.nothingcontroversi...]]> Fri, 15 Aug 2008 14:07:19 -0400
Here is where the lack of due diligence shines bright:
www.nothingcontroversi...]]> http://seekingalpha.com/article/90121-auction-rate-securities-who-s-to-blame?source=feed#comment-230276 230276 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.]]> Thu, 14 Aug 2008 11:45:41 -0400 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.]]> http://seekingalpha.com/article/90121-auction-rate-securities-who-s-to-blame?source=feed#comment-227950 227950 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.]]> Mon, 11 Aug 2008 13:39:42 -0400 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.]]> http://seekingalpha.com/article/90121-auction-rate-securities-who-s-to-blame?source=feed#comment-227567 227567
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.]]> Mon, 11 Aug 2008 07:47:01 -0400
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.]]> http://seekingalpha.com/article/90023-opportunities-in-the-real-crisis-water?source=feed#comment-226657 226657 :)]]> Sat, 09 Aug 2008 07:24:14 -0400 :)]]> http://seekingalpha.com/article/89610-counterparty-risk-management-how-could-so-many-be-so-wrong-for-so-long?source=feed#comment-225566 225566
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.]]> Thu, 07 Aug 2008 19:11:45 -0400
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.]]> http://seekingalpha.com/article/84405-ubs-can-it-get-any-worse?source=feed#comment-202376 202376
sergebirbrair.com/UBS....

Tax cheats heaven, incompetence temple, lawsuits galore,
United Bandits of Switzerland]]> Thu, 10 Jul 2008 13:23:36 -0400
sergebirbrair.com/UBS....

Tax cheats heaven, incompetence temple, lawsuits galore,
United Bandits of Switzerland]]> http://seekingalpha.com/article/84356-wachovia-deutsche-bank-s-1b-syndicated-slipup?source=feed#comment-202002 202002 sergebirbrair.com/UBS....
so they can afford to be picky.]]> Thu, 10 Jul 2008 03:29:34 -0400 sergebirbrair.com/UBS....
so they can afford to be picky.]]> http://seekingalpha.com/article/84306-valuing-investment-banks?source=feed#comment-202001 202001 How many billions are those lawsuits and IRS investigations are worth?


"UBS, it's U - arsvictims.com and US -sergebirbrair.com/UBS.... "]]> Thu, 10 Jul 2008 03:23:33 -0400 How many billions are those lawsuits and IRS investigations are worth?


"UBS, it's U - arsvictims.com and US -sergebirbrair.com/UBS.... "]]> http://seekingalpha.com/article/78819-how-deceitful-are-the-big-banks?source=feed#comment-174988 174988 Wed, 28 May 2008 03:04:05 -0400 http://seekingalpha.com/article/78819-how-deceitful-are-the-big-banks?source=feed#comment-174405 174405 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.


]]> Tue, 27 May 2008 09:17:57 -0400 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.


]]> http://seekingalpha.com/article/78819-how-deceitful-are-the-big-banks?source=feed#comment-173964 173964 UBS and it's "cowboy style" banking makes it the best run bank in the world:
www.nothingcontroversi...]]> Mon, 26 May 2008 09:38:20 -0400 UBS and it's "cowboy style" banking makes it the best run bank in the world:
www.nothingcontroversi...]]> http://seekingalpha.com/article/76475-finra-arbitrations-on-the-increase?source=feed#comment-164649 164649
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.]]> Fri, 09 May 2008 05:34:25 -0400
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.]]> http://seekingalpha.com/article/75457-bond-trader-friday-wrap?source=feed#comment-161063 161063 Auction Rates Securities and associated class action law suits and arbitrations are just the part of it]]> Sat, 03 May 2008 04:48:51 -0400 Auction Rates Securities and associated class action law suits and arbitrations are just the part of it]]> http://seekingalpha.com/article/74226-systemic-weekend-reading?source=feed#comment-157433 157433 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]]> Sun, 27 Apr 2008 10:48:04 -0400 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]]> http://seekingalpha.com/article/74104-the-nascent-secondary-market-in-auction-rate-securities?source=feed#comment-157026 157026
Here are few things the investors should do:
check ARS victims Action List:
www.nothingcontroversi...

Question EVERYTHING your FA tells you. Never forget, if it wasn't for your Financial Adviser, you would never be in this mess. "Ignorance is bliss" and I am envious toward customers of Fidelity, Scottrade, Vanguard and other firms who hasn't solicited this junk to investors looking for SAFE AND LIQUID cash alternatives.]]> Sat, 26 Apr 2008 06:15:16 -0400
Here are few things the investors should do:
check ARS victims Action List:
www.nothingcontroversi...

Question EVERYTHING your FA tells you. Never forget, if it wasn't for your Financial Adviser, you would never be in this mess. "Ignorance is bliss" and I am envious toward customers of Fidelity, Scottrade, Vanguard and other firms who hasn't solicited this junk to investors looking for SAFE AND LIQUID cash alternatives.]]> http://seekingalpha.com/article/72971-insider-trends-in-the-financial-sector?source=feed#comment-153711 153711 Sun, 20 Apr 2008 15:56:59 -0400 http://seekingalpha.com/article/72971-insider-trends-in-the-financial-sector?source=feed#comment-153709 153709 There is another storm on the horizon,
$330,000,000,000 storm which wasn't even addressed yet:
arsclassaction.com]]> Sun, 20 Apr 2008 15:53:45 -0400 There is another storm on the horizon,
$330,000,000,000 storm which wasn't even addressed yet:
arsclassaction.com]]> http://seekingalpha.com/article/72955-citigroup-s-flush?source=feed#comment-153312 153312 the class action lawsuits connected to ARS (Auction Rate Securities).
This write down will be bigger than Enron related write downs.

Wait 'til all those stories parade thru courts
www.nothingcontroversi...

]]> Sat, 19 Apr 2008 05:51:24 -0400 the class action lawsuits connected to ARS (Auction Rate Securities).
This write down will be bigger than Enron related write downs.

Wait 'til all those stories parade thru courts
www.nothingcontroversi...

]]> http://seekingalpha.com/article/72282-abusive-comments-blog-aggregators-and-freedom-of-speech?source=feed#comment-150910 150910 Chris Marshall is obviously "the chef" and investors with poor attitudes are....just poorer investors.]]> Tue, 15 Apr 2008 03:31:13 -0400 Chris Marshall is obviously "the chef" and investors with poor attitudes are....just poorer investors.]]> http://seekingalpha.com/article/72217-retail-investors-stuck-holding-auction-rate-securities?source=feed#comment-150774 150774 www.nothingcontroversi...

This is a swindle of the century. Time to clean the house.]]> Mon, 14 Apr 2008 21:29:18 -0400 www.nothingcontroversi...

This is a swindle of the century. Time to clean the house.]]> http://seekingalpha.com/article/71998-ge-drops-a-bomb-but-options-traders-are-cautiously-optimistic?source=feed#comment-149521 149521 I am long GE - short April 32 calls.]]> Sat, 12 Apr 2008 14:54:09 -0400 I am long GE - short April 32 calls.]]> http://seekingalpha.com/article/71980-upcoming-ipos-slim-pickings-make-penthouse-look-like-a-winner?source=feed#comment-149338 149338 I run into it at...
gfy.com

No wonder...]]> Fri, 11 Apr 2008 23:13:26 -0400 I run into it at...
gfy.com

No wonder...]]> http://seekingalpha.com/article/71323-ubs-joins-etn-marketplace-with-eight-fund-launch?source=feed#comment-146064 146064 How can one trust institutions who promissed us CASH EQUIVALENT liquid paper and in reality delivered us the good chunk of $330,000,000,000 mouse trap we now can't get out!?

I be avoiding EVERYTHING sponsored and underwritten by UBS untill UBS makes the clients whole.

Serge Birbrair whose CASH EQUIVALENT sold to me by UBS in the form of College ARC's are now priced by UBS at 80 cents on the dollar.]]> Sun, 06 Apr 2008 16:37:22 -0400 How can one trust institutions who promissed us CASH EQUIVALENT liquid paper and in reality delivered us the good chunk of $330,000,000,000 mouse trap we now can't get out!?

I be avoiding EVERYTHING sponsored and underwritten by UBS untill UBS makes the clients whole.

Serge Birbrair whose CASH EQUIVALENT sold to me by UBS in the form of College ARC's are now priced by UBS at 80 cents on the dollar.]]> http://seekingalpha.com/article/71304-ubs-plan-could-be-the-road-map-for-financials?source=feed#comment-145953 145953
What about illiquid ARS they have in their own acounts?

What about ARS they are about to purchase for their mutual funds?
www.nothingcontroversi...]]> Sun, 06 Apr 2008 12:01:13 -0400
What about illiquid ARS they have in their own acounts?

What about ARS they are about to purchase for their mutual funds?
www.nothingcontroversi...]]>