Professor Elam

Read The Naked Swindle in the Rolling Stone. Someone bought $1.7 M worth of puts on Bear Stearns when the stock was $63, with strike prices 50%  lower and only nine days left for expiration. And they paid off 159x. Gee do you think that person had inside information?  And the SEC cannot find out who that was?

Here is Too Big To Fail, the Story of what it took to keep Goldman and Morgan Stanley in business.

Once the markets turn lower again, the public will be genuinely outraged at such shenanigans, Wall Street getting rich while Middle America gets pink slips.