The Big Boys Manipulate EVERY Market … While Would Obamacare Be Any Different?
The following exchanges are being widely manipulated by big banks, hedge funds and other players [9]:
- Currency
- Interest rates
- Oil (and see this [10])
- Energy
- Gold and silver
- Derivatives
- Carbon [11] (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 [12].
And the Obama administration is allegedly exempting the Obamacare exchanges from anti-fraud standards [13]
As the New York Times notes [14]:
Billions could flow from Washington to Wall Street, indeed.
Postscript: True progressives such as Eric Zeusse [15], Yves Smith [16] and Corrente [17] 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.
Bonus: