Today’s news of mass bank kick-back collusion scheme (which we will be getting to shortly) might have taken an unwitting victim, Cedar Shopping centres.
And CDR is down about 6% on day that there’s hardly any other news. Maybe the down day is a freak (or maybe it’s purposeful). But market hiccup or not, it shows how funny the market can be sometimes.
On a day we just found out that a government-hired swap agency essentially robbed tax-payers in order to profit off of kickbacks, and that bank employees from nearly every big bank paid those kickbacks, man. We need it. More on that soon.