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The SEC brings charges against the CEO of Al-Raya Investment Co. over suspicious trading profits...

The SEC brings charges against the CEO of Al-Raya Investment Co. over suspicious trading profits of more than $5M in Harman International (HAR), in connection with the "Fake Sheik" false-takeover story, and in Textron (TXT).
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  • Duude
    , contributor
    Comments (3384) | Send Message
     
    Middle Eastern Sheiks got comfortable with $147 a barrel oil. Have to make up for loss of cash flow somewhere. In prior decades they'd just fire up the Benjamin printing presses, but it become a little more tricky today.
    23 Jul 2009, 02:30 PM Reply Like
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