A commentary of business, government, and odds and ends through an often peculiar looking glass.
Showing posts with label collusion. Show all posts
Showing posts with label collusion. Show all posts
Monday, August 01, 2011
Investment Bank Collusion?
Will investment banks collude to drive up the cost of U.S. government debt? Why might they do that? 1. To improve returns for their clients. 2. To bet against lower rates. Remember, when they foresaw collapse of mortgage markets, they bet against their clients, and remember too, that investment banks caused a large part of our current sad state of affairs. None are in jail. All are rich beyond rich.
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