Brian4Liberty
09-30-2008, 12:12 AM
Not sure if this has been discussed anywhere, but if a trader knew that a bailout would pass, couldn't they buy up a lot of these "worthless" derivatives for pennies on the dollar, and then sell them to the Treasury for full price (dollar for dollar) as part of the bailout?
I wonder if they put in rules to prevent that? Or is it a dirty little secret that they were all planning on profitting from?
I wonder if they put in rules to prevent that? Or is it a dirty little secret that they were all planning on profitting from?