Selva Brasilis

Um país que evoluiu da oca e senzala ao abismo, barbárie e caos, sem ter experimentado a civilização

Monday, October 26, 2009

Wall Street é Wall Street e Otário é Otário

Nada como um dia atrás do outro para mostrar como funciona a banca de bicho conhecida como Wall Street. Casos ridículos de insider information e bandidagem da mais pura estirpe maranhense coalham nesse meio: Although the SEC issued more than 50 subpoenas to Wall Street firms, it has yet to identify the mysterious trader who somehow seemed to know in advance that one of the five largest investment banks in America was going to completely tank in a matter of days. "I've seen the SEC send agents overseas in a simple insider-trading case to investigate profits of maybe $2,000," says Brent Baker, a former senior counsel for the commission. "But they did nothing to stop this."
The SEC's halfhearted oversight didn't go unnoticed by the market. Six months after Bear was eaten by predators, virtually the same scenario repeated itself in the case of Lehman Brothers — another top-five investment bank that in September 2008 was vaporized in an obvious case of market manipulation. From there, the financial crisis was on, and the global economy went into full-blown crater mode.
[H.T. Miguelito Guevara]
SELVA BRASILIS at 5:08 PM
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