Cooperman expanded on his final point, saying "If a year from now, the rates have not gone higher, then you've got a problem. Because of the inability of the folks in Washington to get their act ...

Cooperman said the SEC initially had offered a settlement of $9 million and a five-year ban from the industry, which he rejected. The ban in particular essentially would have taken the 74-year-old ...

Cooperman, the chair of the Omega Family Office, added that “nobody, myself included, knows when this is going to end. We just watch the things that would normally indicate an end.” ...