Wall Street Manna

An irreverent look at Wall Street

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.
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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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