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Crony Capitalism

• The Market Ticker

Gee, was this just a "simple" short squeeze, or was AIG's surprise profit announcement this morning leaked? Hmmmm..... Not that it would be anything new, of course. We know from past experience that only rumors (or leaked facts!) that make stocks go down are ever investigated by the SEC, and then only when the persons doing the leaking (or rumoring) are not big broker/dealers and their crony hedge funds. This sort of nonsense is nothing new; it is in fact as old as the stock market. But the blatant level of inside baseball during this crisis (and now the rally) has gotten entirely out of hand.

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