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The SEC is investigating hedge funds to see if they circulate rumors, knowing they are false, and trade on them, manipulating the market. Now, did the brave writers at the WSJ miss something?
Someone -- with an interest -- brought Schumer information on IndyMac. Who? When? Why? What are the chances that Schumer was looking into irregularities into IndyMac because some hedgie with a big short position turned him onto it?
Well, they ain't zero.
What are the chances Schumer was "investigating" IndyMac because the Senate Banking Committee assigned that case to him? Zero."
More... (scroll down to near bottom of page)
