Quotes by Seth Tobias

“It will put a short-term top on the stock. I think it marks the end of an era -- the last remnant of excesses and looking at fundamentals through rose-colored glasses. Now people are going to look at AOL and value it as a media conglomerate and find its fairly valued.”

“No one was being rewarded for taking risk.”

“Investors are discounting the bad news. They are more concerned about the macroeconomic picture at hand.”

“I hope these people go to jail.”

“Look at some of the targets these people had. They dont carry any weight anymore.”

“Anybody who had stepped up to the plate is stepping away. Clearly the bottom hasnt been found yet.”

“This was the most anticipated SEC investigation in the history of the free world.”