Libbos doing insider trading?

[Bobby]

Who sold Bank shares prior to the Budget?
or who played futures shorting the banks?

Cabinet leak?

( I could have made a fortune on futures - short selling - if I'd known. )

It was spoken about yesterday in parliament -
ASIC could be investigating.


http://www.afr.com/news/policy/budget/a ... 510-gw1wy2

Senator Derryn Hinch has written to the Australian Federal Police seeking an investigation into news leaking about the $6.2 billion bank levy, which wiped $14 billion off bank shares ahead of the budget.

Sky News speculated on Monday night that the government was formulating a plan to levy the big four banks and on Tuesday ahead of the budget media lock-up, The Australian Financial Review published an online story just after noon confirming the move. The speculation sparked a $14 billion sell-off in bank stocks.

"This appears to be a classic case of

criminal insider trading, possibly involving a federal government employee, or even a politician.

I would like to know who the short-sellers are and did they have links at Parliament House?" Senator Hinch asked.

The Australian Securities and Investment Commissions has made inquiries about the leak and launched a preliminary investigation into whether any suspicious trading occurred on Tuesday, based on speculation ahead of the release of Tuesday night's budget.

The banks claim they were not consulted over the shock measure and on Wednesday, Treasurer Scott Morrison claimed any suggestion of insider trading was "ridiculous".

"There are rumours and speculation that appear in the press before every budget. The banks were advised of that announcement as we went into the budget speech, and that was the process that was followed," Mr Morrison told ABC radio.

"Media speculate on all things in the budget. There was unconfirmed speculation on all of those things. They often get it wrong."

[J o h n S m i t h]

corruption of rife throughout the liberal part. Look at the coalition corruption thread on ozpol. It never ends. The problem is when you have idiots like IQ and horseboy making excuses for it.

[Bobby]

corruption of rife throughout the liberal part. Look at the coalition corruption thread on ozpol. It never ends. The problem is when you have idiots like IQ and horseboy making excuses for it.

I am trying to bring IQ around to some sense.
None of those pollies care a stuff about him -
they are there for the money & the power - for themselves.

[J o h n S m i t h]

I am trying to bring IQ around to some sense.

you've got more chance of finding life on Mars

[Bobby]

I am trying to bring IQ around to some sense.

you've got more chance of finding life on Mars

IQ is the way he is because he's never known poverty.
I would guess that his parents paid his way through Uni
& he never went without nice clothes & a good meal.
One sign of maturity is that you can imagine yourself in the shoes of others.
He can't as he's always had a silver spoon in his mouth.

[Rorschach]

I heard the AFP are investigating the POSSIBILITY of a leak Bobby... more than likely to be accidental or someone from Treasury, than insider trading.
No one can control the scaredy cats that play with stocks.

[J o h n S m i t h]

more than likely to be accidental or someone from Treasury, than insider trading.

if you believe that you really are gullible. You can bet the politicians that knew warned all their mates beforehand.

[IQS.RLOW]

I am trying to bring IQ around to some sense.

you've got more chance of finding life on Mars

IQ is the way he is because he's never known poverty.
I would guess that his parents paid his way through Uni
& he never went without nice clothes & a good meal.
One sign of maturity is that you can imagine yourself in the shoes of others.
He can't as he's always had a silver spoon in his mouth.

I did 4 years as an apprentice on shit wages, living away from home and went back to uni after a few years as a tradey and paid my own way through.
I didn't ask for a cent from my folks nor did I need to. I didn't even apply for Austudy.

I've never lived in "poverty", even though it would have met the loose defintion that lefties insist is the base line for "squeal for moar"
I just lived within my means, kept my hands in my own pocket and never put my hand out for anything I didn't work for.
If you take your hand out of your own pocket to put your hand out, one of you filthy lefties will be rifling thought it.

One sign of maturity is don't comment on anything you know fuckall about, or you'll end up looking even more stupid than you already do

[Bobby]

I am trying to bring IQ around to some sense.

you've got more chance of finding life on Mars

IQ is the way he is because he's never known poverty.
I would guess that his parents paid his way through Uni
& he never went without nice clothes & a good meal.
One sign of maturity is that you can imagine yourself in the shoes of others.
He can't as he's always had a silver spoon in his mouth.

I did 4 years as an apprentice on shit wages, living away from home and went back to uni after a few years as a tradey and paid my own way through.
I didn't ask for a cent from my folks nor did I need to. I didn't even apply for Austudy.

I've never lived in "poverty", even though it would have met the loose definition that lefties insist is the base line for "squeal for moar"
I just lived within my means, kept my hands in my own pocket and never put my hand out for anything I didn't work for.
If you take your hand out of your own pocket to put your hand out, one of you filthy lefties will be rifling thought it.

One sign of maturity is don't comment on anything you know fuckall about, or you'll end up looking even more stupid than you already do

IQ,
I misjudged you if your story about "poverty" is true - you actually worked for shit wages once.
You always sound like a person who has known privilege all his life.

[Bobby]

http://independentaustralia.net/politic ... ades,10285

Leaked news of a budget bank levy wiped $14 billion from the banking sector in one day — will anyone be investigated for insider trading? Asks Michael West.

THE BIGGEST INSIDER TRADE of the year has just been executed before our very eyes thanks to a monumental government leak.

Word of the Federal Budget measure to hit the banks with a $6 billion tax hike spread through the market late yesterday, wiping $14 billion off the value of the banking sector.

Now, bank stocks are bouncing.

Those who sold and short-sold bank stocks on yesterday’s leak – and ensuing “rumourtrage” – will have cleaned up.

No doubt many are “covering” their positions, that is buying back bank stocks, right now.