The saga of Rochdale, or the firm that is now officially Too Little To Fail, following its hilarious screw up in Apple trading as reported previously , when it got the size if not direction of AAPL stock post earnings wrong, and as a result the guy who otherwise would have had a massive X-mas bonus has been outed as a "rogue trader", is nearing its logical conclusion.
- ROCHDALE SAID TO BE IN ADVANCED RESCUE TALKS AFTER APPLE TRADES
- ROCHDALE'S APPLE TRADES SAID TO RANGE FROM $750 MLN T0 $1 BLN
- ROCHDALE SAID TO POTENTIALLY ANNOUNCE DEAL AS EARLY AS TODAY
What happens next? DBRS buys them for their strong integrity and work ethic? The NYT gets a licensing deal and makes Dick Bove into a political forecaster taking advantage of his infallible predictive Black Box (see his Bank of America reco rating below)? Inquiring minds want to know.