Wednesday, November 19, 2014

Another example of Wall Street malfeasance

As if to put an exclamation point on the last post, see this story. The Senate is investigating 3 Wall Street banks for manipulating commodity prices for their own gain, while the rest of us pay for it with illegally inflated prices. As one example, Goldman Sachs stockpiled aluminum and then withheld if form the market, thereby raising the price of soft drinks in aluminum cans. And JP Morgan has previously paid a $410 million settlement for manipulating electricity prices. And Obama keeps nominating these bastards to run our economy? Really?

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