evil_gop_liars Posted November 12, 2009 Share Posted November 12, 2009 How widespread are “round-trip’‘ trades? The Congressional Research Service looked at trading patterns in the energy sector and this is what they reported: This pattern of trading suggests a market environment in which a significant volume of fictitious trading could have taken place. Yet since most of the trading is unregulated by the Government, we have only a slim idea of the illusion being perpetrated in the energy sector. DMS Energy, when investigated by Congress, admitted that 80 percent of its trades in 2001 were “round-trip” trades. That means 80 percent of all of their trades that year were bogus trades where no commodity changed hands, and yet the balance sheets reflect added revenue. Interesting article. Quote Link to comment Share on other sites More sharing options...
WaterMan Posted November 12, 2009 Share Posted November 12, 2009 The rich bankrupted us. But you'll hear it was the Mexicans. Quote Link to comment Share on other sites More sharing options...
SEC=UGA Posted November 12, 2009 Share Posted November 12, 2009 The Unions bankrupted industry, but you'll hear it was the greedy CEO's. Quote Link to comment Share on other sites More sharing options...
WaterMan Posted November 12, 2009 Share Posted November 12, 2009 The Unions bankrupted industry, but you'll hear it was the greedy CEO's. I don't see where the Unions come into accounting fraud and bonuses. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted November 12, 2009 Share Posted November 12, 2009 http://twitpic.com/p5jiv now thats cheating Quote Link to comment Share on other sites More sharing options...
Avernus Posted November 12, 2009 Share Posted November 12, 2009 and of course we want to see oil stick around...we make money off every oil transaction made around the globe... Quote Link to comment Share on other sites More sharing options...
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