Anomaly in New York

new-york-stock-exchange

Is Karl Denninger onto something here?  The questions, of course, are:

1.  Was there, in fact, insider trading?
2.  If so, was it legal?
3.  If so, why?
4.  If not, where were the regulators?
5.  If it’s happened this once, has it ever happened before?
6.  Does the big money, therefore, get special privileges?
7.  If so, why and who are these people anyway?  Which names would most likely pop up?
8.  Is this a strictly U.S. phenomenon, a specifically NY phenomenon and which companies might be involved?
9.  Does this corruption extend to the UK and Europe?  If not, then what about the LBMA?

6 comments for “Anomaly in New York

  1. Junius
    August 19, 2010 at 10:45

    I love the questions – straight from a ‘was there in fact, insider trading’ – to which the answer is equally likely to be a firm ‘NO’ – (which brings the rest of your skillfully created illusion crashing down)

    But that doesnt bother James – he goes straight through to ‘Does this corruption extend to the UK …’

    You see the assumption made? Your hidden agenda become a trifle obvious. Good try, but take a fail in logic.

  2. August 19, 2010 at 11:17

    First five questions are not leading in the least. Also, the agenda is hardly hidden – it’s loud and clear. It’s a legitimate concern for many people, of whom I’m just one pundit.

  3. Patrick Harris
    August 19, 2010 at 11:33

    Allowing an interest rate of 0.5% on my meagre savings and lending said savings at rates typically 19.9%, is not corruption.
    Discuss.

  4. August 19, 2010 at 18:12

    Precisely, Patrick.

  5. August 20, 2010 at 00:02

    “Allowing an interest rate of 0.5% on my meagre savings and lending said savings at rates typically 19.9%, is not corruption.
    Discuss.”

    Let’s not forget a capital ratio of at least 20:1 on top.

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