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January 15, 2008
Alan Greenspan Trade Front-Runs Entire Economy
Meant to mention this sooner, but you have to love that Alan Greenspan has joined John Paulson' s super-successful credit hedge fund as an advisor on (one would assume) subprime.
Doesn't the SEC normally look askance on this sort of thing? After all, Greenspan helped create this mess, and now he gets to trade on it? Apparently you can front-run in the markets, so long as you make the trade the entire economy.
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