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Thursday, November 7, 2013

The Big Boys Manipulate EVERY Market … While Would Obamacare Be Any Different? -- By George Washington, Zero Hedge

The following exchanges are being widely manipulated by big banks, hedge funds and other players:
  • Currency
  • Interest rates
  • Energy
  • Gold and silver
  • Derivatives
  • Carbon (i.e. “cap and trade”)
  • Virtually all other commodities
  • Basically all exchanges
Why do you think Obamacare will be different?

The leverage which huge pots of cash, insider information and high-frequency trading give to the big banks and other big players makes exchanges an easy target.

The big boys play dirty.

And the Obama administration is allegedly exempting the Obamacare exchanges from anti-fraud standards
As the New York Times notes:
Billions could flow from Washington to Wall Street, indeed.
Postscript:  True progressives such as Eric Zeusse, Yves Smith and Corrente have long warned that Obamacare is nothing but a giant giveaway to big health insurance companies.
But it is also a new opportunity for Wall Street to extract huge sums by manipulating a new market.

 (Click link below to read more)
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