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128 Comments
- credential101, on 11/17/2008, -13/+73Is his brother Brian Cuban still lingering on this site? I remember when he was a big crybaby over being banned for using scripts to promote his crappy ass blog.
- alexkball, on 11/18/2008, -3/+46I'm not sure I would call him a douche.
Eccentric? Sure. Enthusiastic? Definitely. But Mark Cuban has re energized a once-dormant basketball landscape in Dallas by providing his players and fans with nothing but the best in terms of amenities, service, and performance. He's a real person, and a real fan--not just some stuffy old white guy who made his money in the oil or steel business or something.
I for one love that he yells at the refs and challenges David Stern on many of his decisions in running the NBA. He matches his NBA fines handed down by Stern with charitable donations of equal amounts.You forget he made his money in the tech world, so many people on Digg should at least respect him for that. If every other sports owner cared half as much for their teams as Cuban does for his, the sports world would be a whole lot better off in my opinion. - liquisoft, on 11/18/2008, -6/+41I really don't get insider trading. It sort of goes against common sense.
If I hold stock in a company and know something bad is about to happen, why wouldn't I want to get out while the getting's good?
Yes, I "understand" the way it works, but it still seems to fly in the face of logic. - fitzfan, on 11/18/2008, -1/+30Because otherwise every individual would get raped by the insiders every time anything positive or negative was about to happen the insiders would be trading ahead of, and profiting off the individuals who lacked the same information.
- Pramma, on 11/18/2008, -2/+31Bill O'Reilly is going to have to call a doctor; I'm sure he'll have an erection last longer than 4 hours over this.
- manoftheisland, on 11/18/2008, -5/+30he didn't whine about it.. he admitted to it all and stated that he understood why he was banned. im not saying he was right to do it, but be accurate at least
- inactive, on 11/18/2008, -1/+16I don't have a Martha Stewart joke, but this seems like a great place to put it.
- benologist, on 11/18/2008, -1/+15Nah. His lackeys submit his crap now, but they obviously aren't as good as exploiting digg as he was.
- Mujokan, on 11/18/2008, -0/+12If you don't want to go to jail, then make sure the information is public before you do it.
- these3remain, on 11/17/2008, -3/+15Another fallen idol of "Dancing With the Stars" /sarcasm.
- alexkball, on 11/18/2008, -0/+11Did you read the article at all or have any idea what you're talking about?
- inactive, on 11/18/2008, -1/+12I agree with you, if i own a biz and for some reason i am told its not going to do so well or i should bail on it, then why not? I shouldn't be forced to lose money
- ihavebeenseen, on 11/17/2008, -5/+15Granted MC is a douche and the karma train has been looking at him for a while, but Dallas pro-sports (Boys, Mavs, Stars, Rangers, FC Dallas) are already lower than a bowlegged caterpillar. This is a real kick in the groin.
- cle2105, on 11/18/2008, -1/+11He didn't "read the news", because then the information would be public. He heard the news from someone on the inside of the deal who told him that the stock was going to be sold below market price in a company buy-out and sold those shares to people who had no way of knowing this yet. In America that is illegal, in some place, like Japan, it's not.
- y2kery, on 11/18/2008, -3/+12Can anyone honestly say they wouldn't have done the same thing. How can you know that your stock is going to drop and decide not to sell?
- BTM08, on 11/17/2008, -13/+21Cuban working to reveal the bailouts at http://www.bailoutsleuth.com wouldn't have anything to do with this attack on a real hero, would it? Keep up the good fight Mark and http://www.BreakTheBailout.com !!!
- cdwarrior14, on 11/18/2008, -1/+8Dugg for bringing back "the quickness."
- inactive, on 11/18/2008, -3/+10lock him away, but don't charge any ceos in these investment banks with anything.
- jon31rm, on 11/18/2008, -2/+8What a maverick.
- TheDarknighT33, on 11/18/2008, -3/+9Any one else find it odd that Mr. Cuban recently filed a law suit against the Federal Reserve and now this insider trading stuff has come to the surface?
- cle2105, on 11/17/2008, -0/+5You also would have been breaking the law
- alexkball, on 11/18/2008, -4/+9Obama won, get over it.
- rv361162, on 11/18/2008, -0/+5Yeah, of course this is just "conspiracy stuff"....Of course this is retaliation against Cuban, or about a 1 in 100,000,000 chance of coincidence.
Ha, little do people know how the man behind the curtain pulls the levers...
No seriously, this is no *****, they just took 2 trillion dollars and said "eh, we're gonna give it to whomever and not tell you where it went..." - alexkball, on 11/18/2008, -2/+7I've thought this over and decided I don't really care.
- derscoundrel, on 11/18/2008, -0/+5they're also after him for supporting Alex Jones. I saw the headline and wanted to drop a penny (or a digg as it is) down the conspiracy well. While this guy may be a douche, I think that he's taking heat for his associations with AJ and for demanding some answers about where OUR money is going. And why $700bn wasn't enough. And why more and more huge corporations are lining up for this unprecedented chunk of welfare. I wonder why we can't implement some France-like legislation that gives more power to shareholders and enables the government to completely yank these padded pensions if wrongdoing can be proved. These things are *possible* now but our current legislation makes it very difficult.
These executives and the lawmakers and career politicians who made this happen are ***** RICH and getting richer by the bailout, erm, minute.
They are well insulated from the financial fallout/blowback of the country's economic situation. In 5 years when America at large is far poorer and getting more desperate, not only will they be sitting pretty but your job will cost them less to staff.
capitalist "democracy"! rah! rah! rah! - Mujokan, on 11/18/2008, -1/+6You should have stopped four words in.
- rv361162, on 11/18/2008, -0/+4Or just place tons of put options on the airlines prior to 9/11, oh wait, someone did that and would have made a *****, but no one was ever found. Chalk another one up for the SEC! You guys are super sleuths!
- cle2105, on 11/17/2008, -3/+7Just kidding, they suck
- lemur, on 11/18/2008, -2/+6How unpatriotic...
- jemka, on 11/18/2008, -1/+4You lost me after your first sentence.
- jm5chn, on 11/18/2008, -1/+4Because of the ripple effect of a large stakeholder who suddenly sells all their shares (when there isn't publicly released information for the reason) can potentially lead to a big drop in the stock per share price and therefore screw over the not so rich and not so large shareholders.
- meeonaise, on 11/18/2008, -1/+4Yeah. The Federal Reserve just ripped us off over 2 trillion. Mark Cuban and Bloomberg are both suing under the freedom of information act.
Honestly, I wonder how people can't be skeptical when a man with over 2 billion dollars in assets commits insider trading for $750,000.
That is like me risking prison for $50 dollars. Yeah right. - ycohain, on 11/17/2008, -5/+8Cuban's response:
http://blogmaverick.com/2008/11/17/the-sec/ - parentingteens, on 11/18/2008, -1/+4The only person more annoying then Martha Stewart allegedly got caught cheating as well.
Maybe he should ask her for some legal advice - frontaxle, on 11/18/2008, -0/+3Blame Canada again?
- AbsurdWreckage, on 11/18/2008, -0/+3No blame Cuba.
- inactive, on 11/18/2008, -4/+7Douche
- RudeTurnip, on 11/18/2008, -0/+3The SEC is concerned with maintaining a free market. One of the core principles of a free market is that everyone has access to the same information. Because of the imperfect nature of how information flows, there are going to be people (insiders) that have this information before the market at large.
Here is the other half of common sense that you're missing. If you buy or sell on insider knowledge, you are ripping off the person you buy or sell to, because you are making your pricing decision on information that no one has access to yet. If the person you bought or sold to had access to that same information, he would be able to negotiate a fair deal with you. - Remelox, on 11/18/2008, -0/+3I think that is was he was saying. He has not been found guilty because he has only been charged. Otherwise he would have said "found not guilty" not "not found guilty".
Idiot. :) - seunosewa, on 11/18/2008, -0/+2There are theories to the effect that you can't beat the market without knowing something that others don't know. I wonder what that says about insider trading laws.
- manoftheisland, on 11/18/2008, -4/+6as an NBA fan (no i do not like Dallas) i love mark cuban, b/c he is a REAL owner... he is there to win and not just make money. i REALLY doubt he did this b/c the benefit that was reported was only 750k... that is chump change for him. he will be acquitted and everyone will forget about it.
- johnnyfoto11, on 11/18/2008, -1/+3That's like charging Snoop Dogg for smoking pot
- Elranzer, on 11/18/2008, -1/+3Most CEOs screw over everyone. Most CEOs are Republican.
Correlation? You betcha! - shauncorleone, on 11/18/2008, -2/+4Ah, it's good to have a stable site to come to like Digg. It was utterly predictable that coming into this article, the comments would be half-dominated by hateful d-bags who "despise" Cuban for absolutely no reason whatsoever, aside from their jealousy of the enormity of his success. Some of you people can't handle that there are those out there taking risks and making successes of themselves.
As for Cuban's insider trading accusations, I am a little surprised that he so vehemently denied their validity on his blog. Granted, that's the kind of outspoken guy he's been all along, but I got the feeling his blog post was more than a PR move trying to save face. - rv361162, on 11/18/2008, -0/+2Looks like Cuban needs to go to the Gubernment and have his hand out and ask for a few billion dollars, then American can save another failing institution that won't change after being given another chance...
- shauncorleone, on 11/18/2008, -1/+3That's what she said?
- inactive, on 11/18/2008, -0/+2No, they don't work without regulations, SprainedMind. Without this law you would have two kinds of investors. The scammers and the scammed.
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