I am sure since it is not Illegal to trade against your clients
JPM will be shorting GM stock knowing they will drive it down by dumping 300Million shares to the sale side in the next 15 months.. Let's see if the goverment has anything to say about that...Probably not..
Nothing seems to be illegal at the Wall Street, they pay a small fine and about their Crooked way.
HSBC will pay $249 million in cash payments and other assistance to help mortgage borrowers, joining a slew of other big-name banks in an agreement with the Federal Reserve and Office of the Comptroller of the Currency over crisis-era lending.
Oh and one other thing, I am surre they will not be putting in a Market limit sell order for 27.50, good until cancelled, sell all or part for 7.95 per trade...
Im guessing they will stiff the USA for 2% of the value- like the good ol' days..
Jan. 18 (Bloomberg) -- President Barack Obama should tell Japan’s new government that the U.S. will retaliate for policies aimed at weakening the yen, a group representing Ford, General Motors and Chrysler said. Julie Hyman reports on Bloomberg Television's "Street Smart."