JPMorgan Traders Charged With Rigging Metals Deals

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Spoofing:

1. An illegal practice in which an investor with a long position on a security makes a buy order for that security and immediately cancels it without filling the order. Spoofing tends to increase the price of that security as other investors may then issue their own buy orders, which increases the appearance of demand. The first investor then closes his/her long position by selling the security at the new, higher price. Spoofing is a form of market manipulation. See also: Pump and dump.

https://financial-dictionary.thefreedictionary.com/Spoofing

[Wellstone ruled]

1. Oh boy,here we go again.

The old Dot Bomb scheme only thirty years latter.

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2. As FDR once said:

"Government by Organized Money is Just as Dangerous as Government by Organized Mob"

Gotta keep an eye on them at all times.

[Wellstone ruled]

3. Oh so true.

With the story of Special Repo funding yesterday,this statement is so true.