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Biden Admin is reportedly leaking bureau of labor statistics to Blackrock and JPMorgan

Posted on 4/11/24 at 10:38 am
Posted by TigerB8
End Communism
Member since Oct 2003
9413 posts
Posted on 4/11/24 at 10:38 am
From Nancy Pelosi Stock Tracker:

quote:

Blackrock and JP Morgan were leaked insider inflation data from the Bureau of Labor Statistics, giving their traders an edge on their bets

They along with other Hedge Funds were on a special email list called "Super Users"


The account on X doesn't appear to show any source material on this claim.

X
Posted by coolpapaboze
Parts Unknown
Member since Dec 2006
15920 posts
Posted on 4/11/24 at 10:42 am to
BlackRock doesn't have a proprietary trading business, i.e. they don't trade for their own account, so any advantage from receiving information early would actually benefit their clients and BlackRock more indirectly. I don't know about JPM.
Posted by momentoftruth87
Member since Oct 2013
72862 posts
Posted on 4/11/24 at 10:49 am to
leaked bad info or true info? What else could benefit them from BLS?

I wouldnt trust any data from biden administration to be quite honest, its all fluffed.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
263210 posts
Posted on 4/11/24 at 10:50 am to
Now this seems like misinformation.


Posted by Red Stick Rambler
Member since Jun 2011
1215 posts
Posted on 4/11/24 at 12:26 pm to
I bet Duke & Duke was involved in this too... I saw a documentary detailing their history of trying to trade FCOJ futures based on leaked info.
Posted by Sofaking2
Member since Apr 2023
5288 posts
Posted on 4/11/24 at 1:38 pm to
I assume at this point that the large US corporations are basically working hand in hand with the government. Money drives this country over anything else.
Posted by LegalEazyE
Madison, Wisconsin
Member since Nov 2023
2954 posts
Posted on 4/12/24 at 9:36 am to
"We are forcing behaviors" - Fink
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