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Wall Street also bets on other basic commodities like food and oil, which drive up their prices. If two parties want to sell each other stocks bonds (asset cla
by patrickk 13y ago
Wall Street also bets on other basic commodities like food and oil, which drive up their prices.
If two parties want to sell each other stocks bonds (asset classes likely purchased by deep pocketed, sophisticated investors), and the asset blows up, fine. Both parties can afford to take the hit. But where those assets are basic essentials, it's just downright slimy.
Oil: http://www.nakedcapitalism.com/2012/05/les-leopold-how-wall-street-drives-up-gas-prices.html http://www.nakedcapitalism.com/2012/05/les-leopold-how-wall-...
Food: http://www.theguardian.com/commentisfree/2013/may/23/goldman-sachs-agm-drive-food-prices-up http://www.theguardian.com/commentisfree/2013/may/23/goldman...