All we can Expect Really

counter_violent

counter_violent

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BBC News - Swiss National Bank head says he has not broken law

3 weeks before intervention, his mrs places a trade. etc

:innocent:
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Meanwhile Bank Sarasin, where the Hildebrands hold their accounts, has sacked an employee for leaking details of the transactions to a lawyer close to the Swiss People's Party, which has been critical of the SNB chairman.

Just shoot the messenger instead :rolleyes:
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Ah, apparently he has been dealing as well :LOL:

UPDATE 2-Swiss central bank chief vows will not resign | Reuters
 
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Even worse is the fact that US politicians are allowed BY LAW to trade on inside information.

Eg, they can pass a piece of legislation which will benefit/ harm a particular industry/ company and with the advance knowledge play the market and make a killing.

Why do you think so many of them enter politics with modest wealth and leave stinking rich?
 
YouAreNotFree said:
Even worse is the fact that US politicians are allowed BY LAW to trade on inside information.

Eg, they can pass a piece of legislation which will benefit/ harm a particular industry/ company and with the advance knowledge play the market and make a killing.

Why do you think so many of them enter politics with modest wealth and leave stinking rich?
Click to expand...

That sounds like information the Ron Paul campaign could use :)
 
counter_violent said:
BBC News - Swiss National Bank head says he has not broken law

3 weeks before intervention, his mrs places a trade. etc

:innocent:
----------------------------------------------------------------------

Meanwhile Bank Sarasin, where the Hildebrands hold their accounts, has sacked an employee for leaking details of the transactions to a lawyer close to the Swiss People's Party, which has been critical of the SNB chairman.

Just shoot the messenger instead :rolleyes:
-----------------------------------------------------------------------

Ah, apparently he has been dealing as well :LOL:

UPDATE 2-Swiss central bank chief vows will not resign | Reuters
Click to expand...

I know it looks extremely suspect but in her defence she was a former hedge fund trader - she's not a clueless newbie with no experience.

And at the same time, I know a huge number of people that are clueless newbies and still bought at exactly the same place as she did.

If you read the article : she "bought "ridiculously cheap" dollars on Aug. 15, three weeks before her husband oversaw steps to cap the rise of the franc."

On the exact date she bought there was also the biggest weekly pin I've ever seen in my life. (check the chart with her entry marked on the week following it)

Now, I'm not suggesting she bought because of a pinbar but I do know a HUGE number of J'16ers that did.

Only reason she gets pulled on it is because she was married to him and they're not.
 

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It goes a little deeper than that.

Apparently he was a former trader. (still active trader):)

Fancy putting him in the job. A bit like putting a kiddy in charge of the sweet shop :LOL:
 
counter_violent said:
Oh :LOL: is this info in print ?
Click to expand...

Might have read that on ZH, can't remember now. Who know's if its true though. It certainly wouldn't be the first time a wife has attempted to bail out her high profile husband though.

I find it difficult to believe that he could be that stupid, because it would be really, really, really wreckless.
 
I just sigh when i see this stuff. These people will be responsible for reducing the value of money to nothing. Do they not realize that they are stealing dust?
 
trader_dante said:
I know it looks extremely suspect but in her defence she was a former hedge fund trader - she's not a clueless newbie with no experience.

And at the same time, I know a huge number of people that are clueless newbies and still bought at exactly the same place as she did.

If you read the article : she "bought "ridiculously cheap" dollars on Aug. 15, three weeks before her husband oversaw steps to cap the rise of the franc."

On the exact date she bought there was also the biggest weekly pin I've ever seen in my life. (check the chart with her entry marked on the week following it)

Now, I'm not suggesting she bought because of a pinbar but I do know a HUGE number of J'16ers that did.

Only reason she gets pulled on it is because she was married to him and they're not.
Click to expand...

j'16ers?
 
in her defence she was a former hedge fund trader - she's not a clueless newbie with no experience.

I think if this is true it spells out that she should have a good understanding of the sensitive position she is in and know well enough to avoid trades that may have a conflict of interest.
That he continues in his role with SNB and no action is taken over this is a joke in todays regulated world, where even interns making tea for FSA regulated firms are fined over misuse of sensitive information.
 
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