Thursday 27 May 2010

What did David Zilkha know?

The SEC has charged Pequot Capital Management and its CEO Arthur Samberg with insider trading and made a cool $28 million. Nice work if you can get it!

But who is David Zilkha?

O Master, David Zilkha is the tipper!

Yes, David Zilkha is the tipper. He used to work at Microsoft, and then Pequot. And the SEC alleges he told Arthur Samberg everything he knew.

O Master, what did he know?

O my child, he knew about the love in the desert. He knew about the fire in Big Herb's eyes. He knew about the ghosts of the dead financiers. He knew all the shit we know. And he told Arthur.

And that's why Art and Dave are in trouble with the SEC? Jesus! What is this, persecution?

O my child, that is exactly what it is. Persecution! What's wrong with Dave tipping off Art about the love in the desert? What's wrong with Dave tipping him off about the fire in Big Herb's eyes? How is any of this insider trading?

It was nothing to do with Microsoft's earnings, was it? Trumped up charges!

Those evil SEC bastards!