contrariwise

Probe of Citigroup et al Could Hit Financial ETFs

mikeg3 - a key contention of these investigations will be that these banks were touting these products with increasing intensity, foisting them on naiive investors, when they knew that the market for these securities was freezing up. They made claims that they knew to be false at the time they made them. I don't think the cases will deal with sales made when the markets were liquid or even when the banks thought in good faith the market had a temporary problem. They will focus on time periods when the prosecuters can PROVE that the banks LIED. If the investing public comes to believe that the markets are rigged then the markets will cease to function. Mark my words.