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Matt Taibbi thinks so It’s becoming abundantly clear that at some point we’re going to start to hear details about monstrous front-running operations involving the major banks on Wall Street. Here’s why this will be explosive. Let’s assume the Fed manipulates the stock market. Big Wall Street brokerages do the trading for them. A [...] WSJ graphic WSJ: Goldman Sachs gives preferred clients early tips, letting them buy early, then later tells everyone else, which allows those clients to sell at a profit. Not only that, at first they tell the retail clients something totally different from what they tell preferred clients. Naked Capitalism Putting the prop [...] Reader Joe Hartley comments on our post asking why did so many people put all their money with Madoff. An old Midwestern saying: pigs get fat, but hogs get slaughtered. Too much hoggish behavior of late. I also fail to understand why people did not diversify, except that they were, well, hoggish. They sure [...] |  | ||||
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