Many of us have read Taibbi's hard-hitting articles on Wall Street's fraudsters. But what intrigued me the most were his anecdotal comments on Wall Street's other crimes-in-progress.
http://www.gata.org/node/8591
"There is more fraud out there, and everyone knows it: front-running, manipulation of the commodities markets, trading ahead of interest-rate moves, hidden losses, Enron-esque accounting, Ponzi schemes in the precious-metals markets, you name it. We gave these people nearly a trillion bailout dollars, and no one knows what service they actually provide beyond fraud, gross self-indulgence and the occasional transparently insincere public apology."[ed. bold emphasis is mine]
When and if the story on precious metals price suppression breaks, the emperor will be exposed as naked, in more ways than one.
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