Bennet Sedacca, a money manager credited with being one of the first to warn that Bear Stearns Cos. - and, by extension, the U.S. economy - would be run over by a credit crisis, has died. He was 49.
Sedacca, chief executive of Atlantic Advisors Llc in Winter Park, Fla., died Tuesday of a brain injury suffered in a fall at his Orlando home, according to an e-mail from Chelsea Valencia, a colleague at the firm.
On the financial Web site Minyanville.com, Sedacca posted a red-flag announcement on March 5, 2008, that "the great credit unwind is upon us."
The posting, which focused on Bear Stearns, constituted "the first murmurings of impending doom for the financial world," William D. Cohan wrote in his new book, "House of Cards." Sedacca had monitored the credit default swaps of Lehman Brothers Holdings Inc. and Bear Stearns for months and had noted the rising cost of insuring their short-term debt, Cohan wrote.
RIP Bennet Sedacca
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themanintheseersuckersuit
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RIP Bennet Sedacca
From March 20
Suitguy is not bitter.
feels he represents the many educated and rational onlookers who believe that the hysterical denouncement of lay scepticism is both unwarranted and counter-productive
The problem, then, is that such calls do not address an opposition audience so much as they signal virtue. They talk past those who need convincing. They ignore actual facts and counterargument. And they are irreparably smug.
feels he represents the many educated and rational onlookers who believe that the hysterical denouncement of lay scepticism is both unwarranted and counter-productive
The problem, then, is that such calls do not address an opposition audience so much as they signal virtue. They talk past those who need convincing. They ignore actual facts and counterargument. And they are irreparably smug.
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Bob Juch
- Posts: 27108
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- Location: Oro Valley, Arizona
- Contact:
Re: RIP Bennet Sedacca
So who knocked him down? 
I may not have gone where I intended to go, but I think I have ended up where I needed to be.
- Douglas Adams (1952 - 2001)
Si fractum non sit, noli id reficere.
Teach a child to be polite and courteous in the home and, when he grows up, he'll never be able to drive in New Jersey.
- Douglas Adams (1952 - 2001)
Si fractum non sit, noli id reficere.
Teach a child to be polite and courteous in the home and, when he grows up, he'll never be able to drive in New Jersey.