Monday, December 7, 2009

Bloomberg picks up suspicious trading activity in NYB

The story is here. Then Bloomberg picked it up after ZH's tip:

Dec. 7 (Bloomberg) -- New York Community Bancorp Inc. options trading surged to the highest since May 2008 before the company said it acquired assets of a bank that was closed by the Office of Thrift Supervision.

More than 13,000 bullish calls traded on Dec. 4, including 7,501 that changed hands in eight transactions during a five- minute period starting at 3:19 p.m. in New York, according to data compiled by Bloomberg. New York Community’s shares climbed 5.3 percent that day, the most since September.
When will the SEC get on board? Wait--does that mean someone from our Government (over at the FDIC) leaked the news before leaking it first to Goldman Sachs?

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