BAE retracts hedge fund hack allegation

BAE Systems Applied Intelligence has retracted allegations of a nasty attack on a hedge fund it floated on Canadian television a couple of weeks ago. The firm today told Bloomberg was just a scenario that it used for “illustrative” purposes. BAE has promised not to scare us all with hypotheticals any more. That promise is all …

[John Smith 19]

BAe. Always trusted

To spread a bit of FUD when they want to scare up (literally) some business.

It's no accident they are the nearest equivalent to Lockheed you can find.

[Anonymous Coward]

Re: BAe. Always trusted

You wonder about motivation here. Shorting stock? No idea, but it smells, certainly the lag between this going live and the retraction.

[theblackhand]

Re: BAe. Always trusted

Not sure they're shorting stock - think they were just banging their drum for a bit of business and banged a bit loud...

[Anonymous Coward]

And I hope that....

...every hedge fund that lost money sues the ass off them.

[Beachrider]

Incorrect Accusation on page 1

Retraction on page 20

[Primus Secundus Tertius]

Whom do you hate most?

Who is the more villainous? The hedgies or BAe?

[Tom 13]

Re: Whom do you hate most?

Shoot them all. God will know his own.

...

The Devil will too.

[Destroy All Monsters]

"spook users. And the markets."

Frankly, the "markets" (i.e. useful idiots chasing after paper money and putting valuations pulled out of their behinds on other paper) needs a good spooking.

But no need to hasten it with rapidly combusting materials; the laws of the MARKET (the one with no scare quotes, coming from system theory) will reassart itself like a stellar magnetic field snapping back into place soon enough.

It is going to hurt.

[I am not spartacus]

This is not just b*ll*cks, it is big b*ll*cks.