“A 2008 paper by Arindrajit Dube, Ethan Kaplan, and Suresh Naidu (hat tip MS) found evidence that the CIA and/or members of the Executive branch either disclosed or acted on information about top-secret authorizations of coups. Stocks in ‘highly exposed’ firms rose more in the pre-coup authorization phase than they did when the coup was actually launched.  Given the fact that there’s reason to believe that people in the intelligence with access to privileged information weren’t above leaking it to people who could take advantage of it, why should we expect things to be different now?”

http://www.nakedcapitalism.com/2013/06/how-much-are-the-nsa-and-cia-front-running-markets.html

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