Max Keiser: Big Banks Allocate Losing Trades to Clients, Keep Winning Trades for Them

Quote from CET:

What a shocker! Not!!! :eek:
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Actually, it IS quite a shocker :)

The keyword is retroactively.

As everyone, who listened to the recent "Goldman" enquiry, knows banks tend to offer depreciating positions in over-the counter (read "impossible-to-value") securities to more "naive" clients.

What is not common knowledge is in some cases they may be able to assign loosing positions to client portfolios retrospectively.
 
notice you can't get this kind of interview on CNN or FOX

RT is foreign TV and they allow it.

Regardless of RT obviously likes to air dirty US laundry. Still we as citizens have a right to be informed.
 
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