NO QUARTER FOR CORRUPTION (Focussing on The Fed./FRBS)

[rrufff]

This is material, I believe, in that hedge funds IMO dominate this scammy world, perhaps in conjunction with others. The brilliance, is obvious as this news shows, and explains how they have come to dominate our markets through innovative scamming, to the extent now estimated at over 1/2 the US equity trades.

<<06:29 SEC investigates bankruptcy committees for Hedge-Fund fraud - Bloomberg.com

Bloomberg.com reports that the SEC is investigating the growing role of hedge funds in bankruptcy proceedings on concern money managers are overstating their bond holdings to get access to inside information. SEC officials are trying to determine whether the funds exaggerate their stakes to gain membership on committees that oversee debt restructurings for bankrupt companies. The creditors' committees are privy to developments that may affect the value of a company's bonds, such as takeover offers, before they're disclosed to the public. >>