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• #78277
Does show you the world in which Tories operate. If you look at all the 'second income' gigs that MPs have it's '£35k a year for 2.5 days a month' sort of stuff. So of course generating a bit of extra wedge subtly lobbying for the interests of some business or other is a piece of cake.
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• #78278
Farage had referendum results before they were public, his trader made loads that night
Very suspicious as well, never got investigated and it's illegal to pre release results of referendum, they must be fully public or not released.
So it makes me wonder if anybody ever gets done for insider trading in the UK,unless it's been so blatantly stupid and written down you have to admire the stupidity...
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• #78279
The "good old days" hope it didn't leave any (mental) scars...
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• #78280
It's even more difficult to identify who had insider knowledge now days because of neural networks and algorithmic trading potentially being able to act on the suspicion of insider trading within a few tens of miliseconds. If a large sterling short order gets placed, there's probably only two or three seconds before the whole market is acting on that.
Not saying that insider trading isn't rife. The city is built on off the record networks of contacts. It'd be a departure from the norm if some conspirators decided it was a good idea to celebrate their crimes in a semi public way though.
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• #78281
Yep that's all true.
It's just rather annoying this stock / global trading all has a large influence on our pensions / certain good commodities and f all is being done.
Even blatant rubbing it is not followed by legal action.
Not sure Labour sees the danger either. I know it's hard to tackle as some of it is a world wide issue, like algorithms trading, but come on...take back control ;)
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• #78282
Everyone enjoying the tory faux contrition this morning?
Me neither -
• #78284
https://www.bbc.co.uk/news/business-63118574
"UK at significant risk of gas shortages this winter, warns energy regulator"Given how well we did facing every other shortage, I half expect the UK population to decide that if it's going to run out it would be best to have the heater on a bit of the time and feel it whilst it's around. 🙄
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• #78285
As you say, fortunes were made.
Suppose a politician announced a policy they have no intention of implementing. The goal is to affect a stock price. Trades are made and profit taken.
Then the politician reverses the announcement but has pocketed a fortune. -
• #78286
And it's a victimless crime.
(apart from the little people, who don't count)
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• #78287
Leprechauns?
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• #78288
As you say, fortunes were made.
kl: And it's a victimless crime.
When somebody wins big on the markets, that monetary value comes from somewhere. For everybody who made a fortune last week there will be lots of others who lost their shirts.
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• #78289
One shirt for a fortune though, pretty good deal.
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• #78290
In the worst case scenarios its ordinary folk losing their shirts when their pensions or bank balances vanish as a result of gambles made by other people.
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• #78291
Yep.
Fucking corrupt.
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• #78292
Westminster voting intention:
LAB: 50% (+7)
CON: 25% (-4)
LDEM: 11% (-1)
GRN: 3% (-1)https://twitter.com/BritainElects/status/1576963289153929217
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• #78293
Quite a find....
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• #78294
I think if I came across that while walking my dog I'd probably be dead within a week.
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• #78295
Could be a great film
a) drugs are found by local pensioners, cue Local Hero style shenanigans as they outwit the gangsters and use the profits to improve the town / get Mavis a new hip
b) drugs found by local Welsh scallies, who are massively incompetent, argue amongst themselves, get high on their beach supply and end up getting picked off one by one by gangsters Reservoir Dogs style
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• #78297
Snap, the police would be the last to know about it!
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• #78298
Could be a great film
I'm surprised that nobody has made a film of this yet
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• #78299
I've been away where there is no internet. Have we had this?
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• #78300
gritty reboot of Whisky Galore
https://en.wikipedia.org/wiki/Whisky_Galore!_(1949_film)
But I'm sure I've been told that higher wages will cause spiralling inflation.