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Front Running Tips From the President

08/11/2009 • Economic Policy Journal

It pays to pay close attention to what the President says, it can mean money in your pocket. John Crudele explains: President Obama tipped the world off to the Friday [jobs] number well ahead of time. But the president appears to have helped people who weren't in that crowd break the laws against insider trading. The White House and the Treasury Department get the jobs report one hour after the financial markets close on Thursday. But the rules are that these numbers are confidential, and they are supposed to stay secret for a reason.

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