Sneaky Securities Scam

By Econ70 | 11/21/2011

Mutual funds (MFs) must get 90% of their income from stocks, bonds and traditional securities. To bypass this, MFs that invest in derivatives and commodities set up shell corps in the Caymans to do it. They then sell shares in the offshore subsidiary shells to the mutual funds. This way the funds technically invest in…

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Well Bowl me Over

By Econ70 | 09/21/2011

Recently there has been massive realignment in college football resulting in fewer “major” conferences with more teams. I wonder if Congress will get involved. Might a Senator from a jilted school get the DOJ/FTC to investigate the idea that these super conferences — that lack any regional basis and involve interstate commerce — are a…

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