It’s relatively rare to see the commercial banks (“commercial” here means the type of bank one holds an account with, vs. an investment bank) come out so directly against market manipulation, yet here we are…
“You may not see any evidence of manipulation, but the Justice Department apparently has seen enough to launch an investigation, according to Reuters,” Nichols wrote to the Journal’s editors. “We hope that, instead of writing that the American Bankers Association is trying to ‘prop up share prices of challenged banks,”…
h/t supertechman