gelinas
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response 29 of 36:
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Sep 17 22:11 UTC 2003 |
"The funds -- Bank of America, Janus Capital Group, Bank One Corp. and
Strong Capital Management -- gave Canary Capital Partners access to:
Closing-bell prices on share purchases made hours after the market closed,
despite federal laws prohibiting such look-back pricing" (Resp 0).
So they've not yet gone to jail. They still broke the law.
Were all those who made out like bandits in the past six years actually
bandits? Probably not. Were they all extremely skilled money managers?
Again, probably not. Does more disposable income explain their increased
wealth? Possibly; it's often said that it takes money to make money.
Is there any way that the statement in #16 is not a gross simplification
of a complex subject? Nope.
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