debtpocalypse

The SEC Is Looking Into Possible Insider Trading on the Credit Downgrade

The agency declined to say which Wall Street companies are the subject of their “unusually broad” probe, but they’ve subpoenaed an unspecified number of financial firms for betting large on a market crash before the S&P downgraded the federal government’s bond rating in August. Never bet against the house! [Politico]

The SEC Is Looking Into Possible Insider Trading on the Credit Downgrade