Anomaly in New York
Posted on August 19th, 2010 by James Higham
Is Karl Denninger onto something here? The questions, of course, are:
1. Was there, in fact, insider trading?
2. If so, was it legal?
3. If so, why?
4. If not, where were the regulators?
5. If it’s happened this once, has it ever happened before?
6. Does the big money, therefore, get special privileges?
7. If so, why and who are these people anyway? Which names would most likely pop up?
8. Is this a strictly U.S. phenomenon, a specifically NY phenomenon and which companies might be involved?
9. Does this corruption extend to the UK and Europe? If not, then what about the LBMA?
Filed under: Politics & economics
I love the questions – straight from a ‘was there in fact, insider trading’ – to which the answer is equally likely to be a firm ‘NO’ – (which brings the rest of your skillfully created illusion crashing down)
But that doesnt bother James – he goes straight through to ‘Does this corruption extend to the UK …’
You see the assumption made? Your hidden agenda become a trifle obvious. Good try, but take a fail in logic.
First five questions are not leading in the least. Also, the agenda is hardly hidden – it’s loud and clear. It’s a legitimate concern for many people, of whom I’m just one pundit.
Allowing an interest rate of 0.5% on my meagre savings and lending said savings at rates typically 19.9%, is not corruption.
Discuss.
Precisely, Patrick.
“Allowing an interest rate of 0.5% on my meagre savings and lending said savings at rates typically 19.9%, is not corruption.
Discuss.”
Let’s not forget a capital ratio of at least 20:1 on top.
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