…I wonder how long it will take for the rabble to truly be roused and force some change. Mish agrees with me that any bank or entity considered “too big to fail” is absolutely too big to exist. Why? Because it means they are SO big that they can manipulate markets and hell, even governments.
That Goldman, Citigroup, and the now defunct Bear Stearns and Lehman, etc, could ever be in a position to front run trades based on analysis they know they are going to publish, and/or to purposely make recommendations to ignite short squeezes or selloffs based on positions they hold is simply wrong.
Citibank to Investors: We Suggest You Bet Against Us
Please consider the following horrendous advice last week by Citigroup. Flashback March 31, 2009 Citibank to Investors: We Suggest You Bet Against Us.
