You might notice that I wrote a question mark in the title twice. I do not know the full details of this and therefore I remain open. I do not blindly trust anyone and I also do not blindly deny information due to bias of any kind if I can help it.
If Bloomberg maintains their claims despite potentially facing court action, then they deserve to be heard imo. It is true that mainstream media often spreads false information, but it is also true that they also break important stories from time to time - just by virtue of their reach and the people who are willing to speak to them. We can't know when they lie and when they tell the truth if we don't listen to them.
Yes, if no-one listened to them ever, then the whistleblowers would have to go somewhere else - but I know very well that the so called 'alt-media' is often woefully under-researched too. It falls on us to work together to expose the truth as best we can using logic, research and whatever tools we have.
Know thy sources, research them before parroting them, research why?
https://en.wikipedia.org/wiki/Bloomberg_L.P.
I am aware of who Bloomberg are - yes. Either they will be proven right or wrong.
If you are not putting two and two together, I give up.
I do not judge, assume or guess - I remain open to the evidence in as scientific and an integrity based way as I can.
Do you trust Morgan and chase? Here is your source!
1990s treasury bond scandal
In 1991, US Treasury Deputy Assistant Secretary Mike Basham learned that Salomon trader Paul Mozer had been submitting false bids in an attempt to purchase more treasury bonds than permitted by one buyer during the period between December 1990 and May 1991. Warren Buffett served as interim Chairman of the Board in 1991 and 1992 — rooting out the prior corporate culture and preventing the SEC and the Treasury Department from starting criminal proceedings against Salomon. Salomon was fined $190 million for this infraction, and required to set aside $100 million in a restitution fund for any injured parties. The firm was weakened by the scandal, which led to its acquisition by Travelers Group. CEO Gutfreund left the company in August 1991 and a U.S. Securities and Exchange Commission (SEC) settlement resulted in a fine of $100,000 and his being barred from serving as a chief executive of a brokerage firm.[15] The scandal was then documented in the 1993 book Nightmare on Wall Street.
After the acquisition, the parent company (Travelers Group, and later Citigroup) proved culturally averse to the volatile profits and losses caused by proprietary trading, instead preferring slower and more steady growth. Salomon suffered a $100 million loss when it incorrectly positioned itself for the merger of MCI Communications with British Telecom which never occurred. Subsequently, most of its proprietary trading business was disbanded.
The combined investment banking operations became known as "Salomon Smith Barney" and was renamed 7 April 2003 "Citigroup Global Markets Inc." [16] after the reorganization, because the Salomon Brothers and Smith Barney names were a division and service mark of Citigroup Global Markets.
Two members of the Salomon Brothers' bond arbitrage, John Meriwether and Myron Scholes, later became a founder and a consultant for Long-Term Capital Management, a hedge fund that collapsed in 1998.[17]
The firm's top bond traders called themselves "Big Swinging Dicks," and were the inspiration for the book The Bonfire of the Vanities, by Tom Wolfe.[citation needed] Salomon Brothers' success and decline in the 1980s is documented in Michael Lewis' 1989 book, Liar's Poker. Lewis went through Salomon's training program and then became a bond salesman at Salomon Brothers in London. The last years of Salomon Brothers, culminating in its involvement in the Long-Term Capital Management crisis, is chronicled in the 2007 book A Demon of Our Own Design.
Know thy source, is all I say https://en.wikipedia.org/wiki/Salomon_Brothers
Fair enough!
Thank you, with all due respect, all I am saying is research before posting, as you have the responsibility based on reputation, and keeping the world "dumb" is not an option.
Thank you kindly for your time, I sincerely hope we concluded this.