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- Sep 30, 2009
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according to this interview, her trades come exclusively from a third party advisor and that the purpose of using an advisor instead of her own discretion is to preempt questions about use of insider information.
but that doesnt rule out that she could have tipped the advisor with what she knew.
markets trade on news in general and even more so during a crisis, so you can bet insiders are making bank on these daily swings. not sure if this particular trade is actually an example of that, though.
Wow what a terribly absurd defense she gave in that video. If it's not "illegal" so to say, it's still incredibly unethical to say the things she said while cashing out tons. Some of it sounded like pure lies. Should be the showing to highlight that rules need to be revised so it can't be bent in this way.