Playing Footsie with the FTSE 100

By Econ70 | 10/27/2011

Britain’s FTSE 100 (like the S&P 500) is a measure of blue-chip respectability signaling good governance, and so on. Now, some businessmen have figured out how to break into this index without a solid record. First, they buy a firm that’s already public, then they convert shares in their shady firm into shares of the…

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