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Richard Baker: a critic of Fannie and Freddie |
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It’s still legal for investors in US markets to make a buck by trading on inside information but the Securities&Exchange Commission certainly made the technique quite a bit harder when it adopted Regulation Fair Disclosure in 2000.
No longer can public companies curry favour with elite analysts on Wall Street by tipping them off to market-moving news before anybody else sees it. The old way of talking to the markets is out.
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