In 1928, Ryan and Rockefeller aggressively speculated on Anaconda shares by manipulating the supply of copper (reducing supply to corner the market), causing shares to go up at first; at which point they sold, which caused stocks to fall; then buying them back. Known today as a "pump and dump", at the time the actions were not illegal and took place frequently. Anaconda was producing copper at such a rate they had tremendous stockpiles. To control prices, the company only sold the requested supply. Under the pressure of a "joint account" set up by Ryan and Rockefeller of nearly a million and a half shares of Anaconda Copper Company, prices fluctuated from $40 in December 1928, to $128 in March 1929. Selling large volumes of shares rather quickly causes the bottom to fall out of the market; investors lose confidence and dump their shares, causing a domino effect. Small investors would purchase blocks of shares on credit, and when they could not sell at or above the given price, had to sell the shares at a loss when the banks called on their loans for the purchase of said shares.
Smaller investors were completely wiped out. The results are still considered one of the greatest fleecings in Wall Street history. The United States Senate held hearings on the stock manipulations, concluding that those operations cost the public at the very least, $150 million. A 1933 Senate banking committee called these operations the greatest frauds in American banking history, a leading cause of the 1929 stock market crash and 1930s depression.
【 在 Noktard (Judea Capta) 的大作中提到: 】 : 当时，证券业也没有监管。 : In 1928, Ryan and Rockefeller aggressively speculated on Anaconda shares by : manipulating the supply of copper (reducing supply to corner the market), : causing shares to go up at first; at which point they sold, which caused : stocks to fall; then buying them back. Known today as a "pump and dump", at : the time the actions were not illegal and took place frequently. Anaconda : was producing copper at such a rate they had tremendous stockpiles. To : control prices, the company only sold the requested supply. Under the : pressure of a "joint account" set up by Ryan and Rockefeller of nearly a : million and a half shares of Anaconda Copper Company, prices fluctuated from : ...................
当时，证券业也没有监管。
In 1928, Ryan and Rockefeller aggressively speculated on Anaconda shares by manipulating the supply of copper (reducing supply to corner the market),
causing shares to go up at first; at which point they sold, which caused
stocks to fall; then buying them back. Known today as a "pump and dump", at the time the actions were not illegal and took place frequently. Anaconda
was producing copper at such a rate they had tremendous stockpiles. To
control prices, the company only sold the requested supply. Under the
pressure of a "joint account" set up by Ryan and Rockefeller of nearly a
million and a half shares of Anaconda Copper Company, prices fluctuated from $40 in December 1928, to $128 in March 1929. Selling large volumes of
shares rather quickly causes the bottom to fall out of the market; investors lose confidence and dump their shares, causing a domino effect. Small
investors would purchase blocks of shares on credit, and when they could not sell at or above the given price, had to sell the shares at a loss when the banks called on their loans for the purchase of said shares.
Smaller investors were completely wiped out. The results are still
considered one of the greatest fleecings in Wall Street history. The United States Senate held hearings on the stock manipulations, concluding that
those operations cost the public at the very least, $150 million. A 1933
Senate banking committee called these operations the greatest frauds in
American banking history, a leading cause of the 1929 stock market crash and 1930s depression.
监管和华尔街是一伙的， 操纵天天在发生。 你看指数就知道是如何操纵的。
只不过马英龙吃香太难看了。
【 在 Noktard (Judea Capta) 的大作中提到: 】
: 当时，证券业也没有监管。
: In 1928, Ryan and Rockefeller aggressively speculated on Anaconda shares
by
: manipulating the supply of copper (reducing supply to corner the market), : causing shares to go up at first; at which point they sold, which caused
: stocks to fall; then buying them back. Known today as a "pump and dump",
at
: the time the actions were not illegal and took place frequently. Anaconda : was producing copper at such a rate they had tremendous stockpiles. To
: control prices, the company only sold the requested supply. Under the
: pressure of a "joint account" set up by Ryan and Rockefeller of nearly a
: million and a half shares of Anaconda Copper Company, prices fluctuated
from
: ...................