Some co-workers are crying blatant "insider trading" after the final-45-minute run-up in stocks (Dow from a low of -343 to -16) , the day before the Fed announced its discount rate change. I honestly hadn't thought about it [except in dismissing it as unlikely to generate any "real" recovery], but a few people may have profited millions of dollars in just one afternoon yesterday.
Likely pals of a Federal reserve official.
No comments:
Post a Comment