Price fixing gold and Too big to fail banks w/David Henderson & Cullen Roche
Our lead story: Lately we’ve heard a lot about price fixing scandals coming out of London. And now there are formal allegations of market makers rigging the price of gold! Twenty hedge funds, private citizens and public investors have filed a lawsuit in Manhattan's Federal District Court contending that the banks have used their privileged positions as market-makers to rig the price of gold to their benefit.
Then Erin speaks to David Henderson, a professor of economics at the Naval Postgraduate School and a research fellow at Stanford University’s Hoover Institution. They talk about freedom, economics, regulation and crony capitalism. Then, Erin brings you part two of her interview with Cullen Roche, who discusses government stimulus, the bailouts and cronyism.
In today’s Big Deal, Edward Harrison and Erin talk about Alibaba’s IPO. Edward takes a look at the company and explains all the hype.
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