Blog Entry

The latest from the 'only the Mets' file

Posted on: May 6, 2011 1:22 pm
Edited on: May 6, 2011 1:26 pm
It's almost as if the Mets don't want to be overshadowed by the Dodgers in ownership nuttiness.

Or maybe it's that they can't go more than a few days without an "only the Mets" moment.

Friday, the New York Post reported that a guy named Steve Cohen is the front-runner to buy a minority stake in the Mets.

Also Friday, the Wall Street Journal reported on its front page that a guy named Steve Cohen is the subject of a government investigation, because trades made in one of his accounts were suggested by two former employees who pled guilty to insider trading.

Yep, same Steve Cohen.

You really can't make this stuff up, can you?

So the Wilpons, who are in financial trouble because of their involvement with Bernard Madoff, are now going to sell a stake in their business to a guy under investigation for shady financial dealings?

At least Cohen, who runs the SAC Capital hedge fund, seems to have real money. Forbes estimates his net worth at $8 billion, and the Journal said makes $1 billion a year.

To be fair, the Mets insisted to the Post that there is no front-runner.

Then again, these are the Mets.

Category: MLB
Tags: Mets, Steve Cohen

Since: Aug 18, 2006
Posted on: May 6, 2011 2:01 pm

The latest from the 'only the Mets' file

@Knobler, Question for you.  Do you actually believe that there is one guy on Wall St. that does not participate in insider trading?  I guess the old rule is if you're not caught you're not doing it.  Worked on Wall St. for flash fella, insider trading is how you get rich on the Street, directly or's the nature of the business and it's success.  There is not one guy that is inoccent of this claim, just so you a little book reading on the specifics of insider trading before commenting on Gov't investigations, and the exact number of ppl actually getting "investigated".  99% of these guy's get a slap on the wrist. 

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