Frankie Sez Relax
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Frank Quattrone has become the Apple of the business journalism world. He’s polarized the few people that care into two camps: apologists and haters. His every move has been rumored about and scrutinized for the slightest signal of what he’s going to do next. You know what? I don’t care.
Who cares what he does next? He’s a guy that pumped and dumped a bunch of stocks to enrich himself. The apologists say “oh it was one email typed out in a matter of seconds” to shred files or “he didn’t really mean to interfere with the government probe” or other statements. That’s total bs.
How many times did he say or think negative things about the stocks that he breathlessly pumped to the masses? He may have been prosecuted for obstruction of justice, but that was his real crime, deluding people into believing the companies were worth a damn.
Now, the government has essentially given him a $120 million gift by not prosecuting him any further and letting him essentially plead no lo contendre to the charges against him. Plus he’ll now get whatever some company throws at him to pump and dump more stocks.
I wish Frankie would take the advice of the metal philosophers Motley Crue:
Don’t go away mad, just go away.
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