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--- Sean O'Toole <sean@xxxxxxxxxxxxxxxxxxxx> wrote:
> Today, from the head of bond syndication for a
> fairly sizable broker/dealer
> I learned the following: Goldman Sachs postponed a
> rather sizable offering
> yesterday morning calling syndicate members just 13
> minutes before the FED
> rate cut to stop the sale. Is that good timing or
> what??
>
> Sean
>
If people at GS knew, it begs the question of how
difficult (or easy) it was for an NSA, telephone
employee, or any other person to have tipped them off
(that Greenspan did his teleconference thing that
morning). We have all seen enough option and stock
charts to know that insider trading is a daily
occurrence. If you ask me it is reason alone that
inter-meeting cuts should not be allowed. Perhaps
some day when all is encrypted. Now it is just
putting more $$ into the pockets of the powerful.
Jack
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