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Pump and Dump

Posted by Brooke Shelby Biggs on February 22nd, 2006

We're back!

Great interview with the authors of "Pump and Dump: The Rancid Rules of the New Economy" on the WaPo site today. The book's authors float an obvious theory (to us anyway) of 1990s financial fraud called "pump and dump," in which corporate executives artificially inflate stocks and securities in order to sell their shares at higher prices, leaving any fall-out and responsibility on naive investors.

You don't say? We applaud the market timing of the publisher, releasing the book as they did during the Enron trial.