RE: A Secretive Banking Elite Rules Trading in Derivatives
December 14, 2010 at 2:58 pm
(This post was last modified: December 14, 2010 at 3:02 pm by Jaysyn.)
(December 13, 2010 at 2:09 pm)Mishka Wrote: Unless they are breaking the law, they have every right to keep the details of the meetings private.
The word for today is:
Collusion
Quote:In the study of economics and market competition, collusion takes place within an industry when rival companies cooperate for their mutual benefit. Collusion most often takes place within the market structure of oligopoly, where the decision of a few firms to collude can significantly impact the market as a whole. Cartels are a special case of explicit collusion. Collusion which is not overt, on the other hand, is known as tacit collusion.
Quote:Collusion is largely illegal in the United States, Canada and most of the EU due to competition/antitrust law, but implicit collusion in the form of price leadership and tacit understandings still takes place.
"How is it that a lame man does not annoy us while a lame mind does? Because a lame man recognizes that we are walking straight, while a lame mind says that it is we who are limping." - Pascal
