Max Keiser: Big Banks Allocate Losing Trades to Clients, Keep Winning Trades for Them

Discussion in 'Wall St. News' started by Banjo, May 27, 2010.

  1. Banjo


  2. CET


    What a shocker! Not!!! :eek:
  3. LeeD


    Actually, it IS quite a shocker :)

    The keyword is retroactively.

    As everyone, who listened to the recent "Goldman" enquiry, knows banks tend to offer depreciating positions in over-the counter (read "impossible-to-value") securities to more "naive" clients.

    What is not common knowledge is in some cases they may be able to assign loosing positions to client portfolios retrospectively.
  4. NumLock


    notice you can't get this kind of interview on CNN or FOX

    RT is foreign TV and they allow it.

    Regardless of RT obviously likes to air dirty US laundry. Still we as citizens have a right to be informed.
  5. "Biggest non-state threats - Al-Qaeda and...Goldman Sachs" !!