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by tharne 885 days ago
It's fraud, but it's legal in the same way insider trading is legal so long as you're a member of congress.
2 comments
redandblack 885 days ago
Remember Lehman CFO did the same at month/quarter end using repos - not ethical, but legal
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antupis 884 days ago
It is fraud when you don't tell that openly and pad books by it, but it is an okay tactic as a hedging risk as long as you are open about it.
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candiodari 884 days ago
Meaning as long as you mentioned it in the fine print on page 497 of your financial statement?
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PakG1 884 days ago
You got a better way to explain the transactions? If you're saying the transactions should be illegal, there are plenty of scenarios where these transactions wouldn't be weird or horrible. How to differentiate which are OK and which aren't?
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