Friday, September 30, 2011

SEC Says Ratings Firm Leaked Pending Rating

Remember when the market suddenly crashed by over 400 points in the early afternoon hours of August 4th on NO NEWS, only 1 day prior to S&P's announcement of the US downgrade from AAA?
Remember when we told you it was clear that this info was leaked to insiders?
It appears that the SEC just might agree.

*SEC SAYS `LARGE' CREDIT RATER APPEARED TO LEAK PENDING RATING
*SEC DECLINED TO IDENTIFY WHICH RATER MAY HAVE LEAKED DECISION


Now if only  the CFTC could see the same Captain Obvious leaked info regarding the silver market such as the massive spikes in volume immediately prior to margin hikes, cartel raids, etc.