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How Paulson Gave Hedge Funds Advance Word (about Fannie and Freddie shares)
Bloomberg | November 29, 2011 | Richard Teitelbaum

Posted on 11/29/2011 7:14:17 AM PST by reaganaut1

No excerpt allowed from Bloomberg, story here .


TOPICS: Crime/Corruption; Front Page News; Government
KEYWORDS: fannie; freddie; hankpaulson; paulson
When government officials have so much discretion to reward some companies and punish others, it is inevitable that big investors will try to get "scoops" (although in this case they were handed the scoop). Only when government spending and power is reduced will be there much less government insider trading.
1 posted on 11/29/2011 7:14:23 AM PST by reaganaut1
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To: reaganaut1

They say there’s ‘no evidence’ any hedge fund traded on this (advance) information.

Sure.


2 posted on 11/29/2011 7:42:38 AM PST by MichaelCorleone (Stop feeding the beast; if they don't say "Merry Christmas", don't buy.)
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To: MichaelCorleone
They say there’s ‘no evidence’ any hedge fund traded on this (advance) information.

When they say that they really mean "you haven't found any evidence yet." When evidence does surface they'll say these are "old accusations" and "can't we just move on".

3 posted on 11/29/2011 8:54:21 AM PST by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: MichaelCorleone
They say there’s ‘no evidence’ any hedge fund traded on this (advance) information.

When they say that they really mean "you haven't found any evidence yet." When evidence does surface they'll say these are "old accusations" and "can't we just move on".

4 posted on 11/29/2011 9:17:25 AM PST by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: reaganaut1

bump

we need a separation of business and government


5 posted on 11/29/2011 10:32:11 AM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: reaganaut1
When government officials have so much discretion to reward some companies and punish others, it is inevitable that big investors will try to get "scoops" (although in this case they were handed the scoop). Only when government spending and power is reduced will be there much less government insider trading.

Sarah Palin would likely agree with you.

6 posted on 11/29/2011 10:45:41 AM PST by Jane Long (Soli Deo Gloria!)
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