Posted on 09/24/2013 8:48:10 PM PDT by edpc
In the wake of an unusual trading pattern after the Federal Reserve's decision to continue economic stimulus last week, Fed officials have contacted certain news organizations to discuss rules and procedures for the central bank's advance release of sensitive information, CNBC has learned.
On Sept. 18, the Federal Reserve shocked the financial world with its decision not to scale back its level of support to the economy as most market participants expected.
Financial markets reacted at the speed of light, pushing stocks dramatically higher in just moments. But it looks like the speed of light just wasn't fast enough for some traders.
(Excerpt) Read more at finance.yahoo.com ...
Nothing to see here.....move along.
Insider trading? And I wonder who has benefitted from it the most?
Reminiscent of when the wife of an ambitious politician got away with making $100,00 almost overnight on a $5,000 investment in Chicago cattle futures...
Nothing to see here.....move along.
Yup. Someone needs to look into little incidents like this. And it sure as hell shouldn't be the government!
Wealthy individuals that typically contribute to 'Rats of course.
All the ingredients for a spectacular RICO indictment, prosecutions and convictions.
Why do you suppose that will never happen?
In 1978 and 1979, lawyer and First Lady of Arkansas Hillary Rodham engaged in a series of trades of cattle futures contracts. Her initial $1,000 investment had generated nearly $100,000 when she stopped trading after ten months. In 1994, after Hillary Rodham Clinton had become First Lady of the United States, the trading became the subject of considerable controversy regarding the likelihood of such a spectacular rate of return, possible conflict of interest, and allegations of disguised bribery,[1] allegations that Clinton strongly denied. There were no official investigations of the trading and Clinton was never charged with any wrongdoing.
Just sayin....
Crucify Martha Stewart, Let Barbarous, err.. Ben Bernake off scott free.....
“Crucify Martha Stewart, Let Barbarous, err.. Ben Bernake off scott free.....”
in the hamptoms, parts of manhatten and palm beach, they are laughing their asses of us because we are such suckers.
which is why I don’t participate very much.....the bigs know exactly what to do and when, and we don’t.....
I’m sure they were friends of Obamugabe.
Thnx!
I agree it is a rigged game. No way I will throw money in for someone to screw me by using info that is not available to the public at the same time as the insiders.
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