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Pimco To Pay $92 Million To Settle Market Manipulation Lawsuit

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Rather than liquidating the futures contracts or selling the notes, Pimco held both to the brink of maturity in order to create an artificial scarcity, causing losses for investors who had to buy June 2005 contracts at inflated prices to cover their “short” positions, according to the original complaint.

if this is the case, they were doing what they were legally entitled to do...hold onto the stuff till maturity.

I suspect there is more to this than meets the eye, and of course, 90million is just the cost of doing business.

Other banks settle CRIMINAL proceedings for cash.

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Pacific Investment Management Co....to settle a private (sic) class-action lawsuit...

Sounds like one big fish didn't like how they were taken to the cleaners by other big fish IMO. We're told to shoulder the risks of the market, whilst the rich try to claim foul.

Sounds like a perfectly fair move to me, owning a resource and then betting the price would rise. If I owned all the UK houses, then I might become a bull :)

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  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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