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tharne
on Jan 15, 2024
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What Happened to GE? (2021)
It's fraud, but it's legal in the same way insider trading is legal so long as you're a member of congress.
redandblack
on Jan 15, 2024
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Remember Lehman CFO did the same at month/quarter end using repos - not ethical, but legal
antupis
on Jan 16, 2024
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It is fraud when you don't tell that openly and pad books by it, but it is an okay tactic as a hedging risk as long as you are open about it.
candiodari
on Jan 16, 2024
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parent
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Meaning as long as you mentioned it in the fine print on page 497 of your financial statement?
PakG1
on Jan 16, 2024
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root
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parent
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You got a better way to explain the transactions? If you're saying the transactions should be illegal, there are plenty of scenarios where these transactions wouldn't be weird or horrible. How to differentiate which are OK and which aren't?
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