Are we today witnessing the most blatant insider trading of bank shares ever?

brasso

opinions4u wrote: »

Do you really think that I needed be told that?

My reply was to a post that says "there's no money to be made" when clearly people have just had a great opportunity to make money. Equally clear to that poster were the risks of stock market investment.

I referenced charts which highlight not just the ups, but also the downs of the stock market.

It's patently obvious that people can lose money with stock market investment. It's equally obvious that you can also make money and, despite uncertain times, many have done exactly that.

That's all I was trying to bring out.

Fair enough. I must have misinterpreted your point.

2sides2everystory

Misinterpretation has become a theme in this thread.

But as I said, one thing we can be sure of is that the City only exists for the benefit of those that work in it. <--- full stop.

(For brasso's benefit perhaps I should have said that in my humble experience I have seen nothing to suggest otherwise).

qpop

But remember chaps, 2sides2everystory does not need facts to support his arguments.

itrade

Insider trading is fraud, as is short selling.

opinions4u

itrade wrote: »

Insider trading is fraud, as is short selling.

In what way is short selling fraudulent?

sabretoothtigger

the City only exists for the benefit of those that work in it

Stamp duty is paid by LSE trades and benefits us all

This type of SDRT is by nature paid almost exclusively by offshore (i.e. non-UK) investors, primarily US fund managers and amounts to approx. 25% of the total SDRT collected annually.
A unique feature of SDRT, compared to other purely domestic taxes in the United Kingdom, is that more than 40% of the annual intake is collected from outside the UK, thus creating an annual inflow of approx. £1.5 billion pounds from foreign investors to the UK government.

UK needs to export trade as much as it imports, one of those things is financial services. Unless we want to pay budgeted tax presently paid by foreigners, its best to not screw up that business

Alot of the shares traded here have no other connection to the UK. They just come here so we can stamp their papers and charge them tax, its about as cushy as it gets and they pay us for the distinction of being registered in London

ses6jwg

Pound cost averaging.

It's the shizz.

2sides2everystory

opinions4u wrote: »

In what way is short selling fraudulent?

Well for a start it is selling something you do not own - that usually deserves a bloody good explanation.

2sides2everystory

I see Sarkozy understands the monster of insider trading implicitly - he has just indicated in a speech at the G20 conference that the manipulation of prices by one organisation is something that must be fixed. He's right - two ways. It is fixed and it needs to be fixed.

Jegersmart

I can assure you that insider-trading is alive and well in the markets - that is no conspiracy theory - I have witnessed it firsthand and I have been offered information that if I had acted on it, would have been classified thus. The markets are of course manuipulated - both through governments' interventions as well as institutions having a very different degree of access to instruments or investments compared to the retail investor/operator.

If you look at US banks, they have never actually made any profit over all in their histories (or available history). I am not convinced that European banks are that much better, but my point is that even with the advantages the institutions enjoy - the US ones have never managed to make an overall profit over the period of their histories......and that just reinforces what someone else has said - that if you have half a brain you can make money. When I say this, I refer to money or risk management. The banks with all their advantages and leverage always get too greedy. So a bank makes $6billion a year for 5-6 years and then getsbailed out to the tune of $150 billion due to too much risk. Be sensible, protect your capital and take profits regularly and you should be OK.....

What we really need to do thiough is to change the way money works to make any difference, but that one is probably a debate for another thread!

IMHO

J