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You know what really grinds my gears when it comes to insider trading though? The fact that the really big names are most obviously participating in insider tra
by arca_vorago 10y ago
You know what really grinds my gears when it comes to insider trading though? The fact that the really big names are most obviously participating in insider trading, but it's illegal for everyone else. Don't even get me started on congress and insider trading, but I digress.
The big players, I would say the C-levels and board members of the 147[1], or the other central big players[2], have the ability to manipulate and move markets in a way that I believe qualifies as insider trading... but they have so captured the regulatory market, to the point that the SEC is a gutless, teethless entity that only chases middle-men. Once again, multi-tiered justice creates an environment where all the middle-men are just going to cheat all they can until they get caught because they are just emulating the bosses!
Not to mention that even if they do get caught, almost never are the fines enough to discourage the act, so they see it as a win! Just offer up some low on the totem-pole scapegoat sacrifice, and be on your merry way. (Looking at you Bank of England and LIBOR scandal....)
The entire financial industry is a ponzi scheme of corruption, and I've said it before, and I'll say it again, the supranational bankers are more terrorists than the people with thwabs who we like to think of as terrorists. (plus, where do you think they get funding in the first place? Follow the money, and the money certainly doesn't end in a cave in Afghanistan.)
1. https://arxiv.org/pdf/1107.5728.pdf https://arxiv.org/pdf/1107.5728.pdf
2. https://www.sg.ethz.ch/media/medialibrary/2013/12/james_glatteth-2007-02.pdf https://www.sg.ethz.ch/media/medialibrary/2013/12/james_glat...
edit: Anyone downvoting care to actually respond please? I understand my statement about the supranational bankers being terrorists is a jarring statement, so I am willing to discuss the matter in further depth...