3 ms·
Why do we need academics to tell us? Go ask wall street. Go work on wall street. It's not a secret. There is a reason why the most valuable commodity on wall st
by PricelessValue 9y ago
Why do we need academics to tell us? Go ask wall street. Go work on wall street. It's not a secret. There is a reason why the most valuable commodity on wall street is information.
We know insider trading happens. Just like we know price collusion ( libor rates or lysine price fixing ) happens.
If banks are colluding on something as fundamentally important as libor rates, then everything and anything is happening.
- mruniverse 9y agoI think the issue is that they can show that it's happening with data. And only after that, can solutions be suggested. And the solutions would be systematic ones (changing trading laws).