Citi Tells Clients To Avoid Steve Cohen

Tyler Durden's picture


If the beginning of the end started two years ago as we predicted, is this end of the end?


Next up: all other private wealth groups halt capital allocations to SAC? Redemptions of all non-employee funds and liquidations? FBI raids, but only after orderly winddowns? It sure gets interesting...

And without Stevie Cohen running stops 24/7 in ES and every other stock that is still widely traded, what then? Will GETCO run the entire market?

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Wed, 12/05/2012 - 14:04 | 3036338 HD
HD's picture

Speaking of running stops - Obama must of had SPY calls today...

Wed, 12/05/2012 - 14:12 | 3036374 SilverRhino
SilverRhino's picture

Speaking of Cohens to avoid.   Stay away from the Cohen Mint.  



Wed, 12/05/2012 - 14:51 | 3036548 nope-1004
nope-1004's picture

Citi Tells Clients To Avoid Steve Cohen


LOL.  Prisoners dilemna at its finest.  From one crook to another, they pass advice onto the public.  LOL.  The financial sector is an unmitigated joke!


Wed, 12/05/2012 - 15:08 | 3036619 ArkansasAngie
ArkansasAngie's picture

As in Goldman telling folks to sell their gold.

Wed, 12/05/2012 - 14:13 | 3036381 slaughterer
slaughterer's picture





Wed, 12/05/2012 - 14:49 | 3036542 TruthInSunshine
TruthInSunshine's picture

Gird your Insider....I mean Expert Networks, bitchez!

In other news, going over, under or through the cliff should light a fire under all risk and non-risk assets alike in Uncle Bernank's Everyone's A Winner & There's No Losing Side of the Wager Casino!


Cliff diving! Weeeeeeeee!!!!!!!!!

Wed, 12/05/2012 - 15:31 | 3036729 greenEagles
greenEagles's picture

Rather humourous considering SAC has some large accounts held in Citi Prime.  But you didn't hear that from me...

Wed, 12/05/2012 - 14:04 | 3036346 Darkness
Darkness's picture

haha, none of their clients care. Money, money, money...

Wed, 12/05/2012 - 14:05 | 3036347 Inthemix96
Inthemix96's picture


If these bunch of thieves told me it was the 5th of December 2012, I would still check.

The fuckers couldnt lie straight in a gutter.

Wed, 12/05/2012 - 14:46 | 3036527 Levadiakos
Levadiakos's picture

The cult of Rubin. Bobby learned his special techniques at the knee of Bubba.

Wed, 12/05/2012 - 14:06 | 3036350 slaughterer
slaughterer's picture

SAC willl be dumping its core holdings this week.   

Wed, 12/05/2012 - 14:07 | 3036355 LongSoupLine
LongSoupLine's picture

How do know end game is here?...

When fucking crooks are headlining to avoid crooks. The beast is feeding upon itself now.

Fuck you Citi and Cohen. Fucking die.

Wed, 12/05/2012 - 14:36 | 3036474 Freddie
Freddie's picture

 +1 Million

Citi is the dirtiest and most corrupt Al Waleed bank and Cohen is scum.

Wed, 12/05/2012 - 15:08 | 3036616 SheepDog-One
SheepDog-One's picture

Yep, the vampires are out of victims now and are turning to attack each other.

Wed, 12/05/2012 - 15:11 | 3036630 ArkansasAngie
ArkansasAngie's picture

Gee ... If only that were true it would be a really super duper day

Wed, 12/05/2012 - 14:07 | 3036358 rqb1
rqb1's picture

you can't trade this market, unless you study & do large amounts of research and then do the exact opposite of your conclusions

Wed, 12/05/2012 - 14:17 | 3036392 catacl1sm
catacl1sm's picture

Way too much work. Just flip a coin.

Wed, 12/05/2012 - 14:08 | 3036359 Qualitative Tig...
Qualitative Tightening's picture

If it's between SAC and Citi, I'd rather have my money at SAC.

Wed, 12/05/2012 - 14:08 | 3036360 IamtheREALmario
IamtheREALmario's picture

Doesn't Stevie have a "special" relationship with JPM? If Stevie goes down then JPM will most likely benefit as they did with Corzine. That alone is reason enough for Citi to warn clients away.

Wed, 12/05/2012 - 14:09 | 3036364 slaughterer
slaughterer's picture

I thought Falcone would be BK before Stevie.  Surprise, surprise. 

Wed, 12/05/2012 - 14:45 | 3036514 Freddie
Freddie's picture

LOL!  This thread needs a lovely photo of Lisa Falcone pre and post meth/crank addiction.

Poor Phil - what a dope but he is an obama supporterr.

Wed, 12/05/2012 - 14:54 | 3036558 slaughterer
slaughterer's picture

Lisa is MY sweet rose from Spanish Harlem now. 

Wed, 12/05/2012 - 14:19 | 3036406 Mercury
Mercury's picture

Hot damn! Bring on the RFPs!

Wed, 12/05/2012 - 14:19 | 3036407 comrade rally monkey
comrade rally monkey's picture

What ? SAC can't short stocks anymore? ok...the spu's can now test infinity.

Wed, 12/05/2012 - 14:22 | 3036416 ThisIsBob
ThisIsBob's picture

Now that his team can't trade (as much) on inside information, what good is he, who needs him?

Wed, 12/05/2012 - 14:39 | 3036485 Freddie
Freddie's picture


How did Stevie get on the muslim's bad side?   Did Stevie forget to pay his cut to our Dear Mullah?

Wed, 12/05/2012 - 14:23 | 3036418 Inthemix96
Inthemix96's picture

The Nuremburg trials would be too good for the bastards at citi.

The best thing the law (I know), at this point could do is take these fuckers and line them up against a wall, and give them the one shot solution to all of humanitys problems.  Filthy mother fuckers.

Wed, 12/05/2012 - 14:31 | 3036445 Dr. Engali
Dr. Engali's picture

Shouldn't Citi be telling clients to avoid Citi?

Wed, 12/05/2012 - 14:33 | 3036460 Glass Seagull
Glass Seagull's picture


Wed, 12/05/2012 - 14:41 | 3036500 NoDebt
NoDebt's picture

It does little good to invest money with a joint AFTER they have been caught insider trading.  All the gains have been had, game is up.  You want to invest WHILE they are doing insider trading.  That works much better.

Nice "shut the barn door after all the horses are already gone" heads-up from Citi.  How timely and worthwhile that they made that bold call today.  I'm sure their wealth management clients really appreciate them being on the ball like that.



Wed, 12/05/2012 - 14:42 | 3036502 walküre
walküre's picture

I currently and constantly recommend to anyone they switch from all conventional institutes and bank under Serta or Sealy.

Neither Serta nor Sealy are offering any returns on your cash holdings but they don't charge any fees either. Your funds are always accessible at anytime, any day 24/7 and 365. Serta and Sealy are not closed ever for any holidays, current or future. I further recommend to have a variety of bills and coins as opposed to having only large bills under those preferably firm institutions.

Wed, 12/05/2012 - 15:13 | 3036646 LostAtSea
LostAtSea's picture

feds are after him because he bet against Apple:


Wed, 12/05/2012 - 22:10 | 3037937 DollarDive
DollarDive's picture




Fucking Brilliant.... how did he ever figure that AAPL was overpriced.  What a fucking genius.  

It's really starting to feel like moving the deck chairs around on the Titantic.  Banks attacking their clients - hedge funds shorting their's a fucking mess.  


Doug Kass tells me that I should be long financials though..... hahahahahahahahahah.


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