Sep 222009
And then there was the rate cut the next morning. And anyone who was privileged enough to have gotten that information on Thursday afternoon was able to make a huge profit.
It was clear that someone knew about the Fed’s move ahead of time and was trading stocks based on that information.
I always wondered what Paulson did after the meeting — who he called, who he met. But until this week the information was unavailable. First, Treasury told me the phone records didn’t exist, but then just as quickly they directed me to a part of the Treasury’s Web site that had everything I needed.
Read: What Did Henry Paulson Know, and When? – John Crudele, New York Post