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> Even better, Soros managed to convince other investors and investment banks (JP Morgan, Bank of America, Jones Investment, …) that the pound sterling would co
by rvba 5y ago
> Even better, Soros managed to convince other investors and investment banks (JP Morgan, Bank of America, Jones Investment, …) that the pound sterling would collapse in the event of a massive and coordinated attack.
I wonder how this wouod be judged with current "insider trading" laws, but since it is a foreign country (even if ally) then probably nothing would be done.
Also the article doesnt seem to mention that Bank of England could stop their losses and stop trying to save the pound.
I have a feeling that actions of central banks are poorly discussed - in many ways those banks seem to be a source of recession (UK, Japan) or method of transfer of wealth to the rich (quantitative easing... seriously it is just pure evil).
- not2b 5y agoBut Soros and his allies were not using confidential information; they were not insiders. I am not a fan of this kind of thing at all, but insider trading laws aren't relevant. As for your last point, yes, if the Bank of England had surrendered earlier they would have lost far less money and Soros and his allies would have made far less profit.
- helen___keller 5y ago> I have a feeling that actions of central banks are poorly discussed You and I have very different definition of “poorly discussed”.
- rvba 5y agoYoutube videos with yellow comments dont count as great sources for me. We still barely have any sources about what happened in Japan.
- bidirectional 5y agoHow is Soros an insider on British government policy?