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Huffington Post – by Marcy Gordon
WASHINGTON (AP) — Three big Wall Street banks that have owned commodities such as aluminum exposed themselves to risk and in some cases manipulated prices in a way that raised costs for consumers, a Senate investigation has found.
The heavy involvement of Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley in the business of storing and moving commodities like oil, aluminum, uranium and copper also gives them unfair trading advantages in financial markets, according to a report issued Wednesday by the Senate Permanent Subcommittee on Investigations. Continue reading “Wall Street Banks Manipulated Commodity Prices At Consumers’ Expense, Senate Report Finds”

CNBC – by John Harwood
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RT
USA Today – by Susan Page
Wall Street Journal – by William Mauldin
USA Today – by Adam Shell and Mike Snider
Yahoo News – by JONATHAN J. COOPER and NICHOLAS RICCARDI
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