Discussion in 'Wall St. News' started by bdon, Nov 20, 2010.
This could be a huge story. Think about it. If this is rampant, there could be a tidal wave of redemptions at hedge funds, triggering liquidations, and then you have to think how will this affect the markets? What gains, what loses?
It may have "significance" if it ever sees the light of day. The "investigation" could go on forever.
huge story..with little mkt impact as per usual. It will keep the talking heads in biz.
I think it depends on who the individuals or hedge funds are - and that hasn't been disclosed yet. It's still too early to rule this out, but I too am skeptical.
If they have any guts to follow through this may lead to sac. They have a former employee willing to spill everything.
Another dog and pony show in a attempt to persuade the public they're cracking down on Wall Street. Insider trading did not cause the economic catastrophe. This is the equivalent of busting some kid selling dime bags on the street corner and then telling the public the streets are safe. The scam continues, and the scam is the financial industry trading public money, risk free, with all of it facilitated by the government.
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