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Schadenfreude

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It’s Not Gambling, It’s Sophisticated Investing. Right.

A recent sting operation perpetuated on several Big City Banks by a smallish Hedge Fund puts my Schadenfreude Meter off the scales. This one feels even better than a vicious lawyer joke. Let’s see if I can explain what they did. [Note: the following narrative is based on an article in the Wall Street Journal … Continue reading

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