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Syndicate
The Government Will Get to the Bottom of It!
March 29, 2008
From the wires:
March 28 (Bloomberg) -- U.S. regulators are investigating whether traders spread false rumors about Lehman Brothers Holdings Inc.'s financial soundness to profit from a drop in the company's share price, two people familiar with the probe said.
Here is the chart. Now explain to me how "Bobby" badmouthing Lehman Brothers to "Timmy" is responsible for that chart? Are we going to go back in time and figure out how exactly that spike down happened? But isn't the trend right back down again? What a waste of time and money by the government.
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