That's why the economy is in such trouble; TALK!
Yeah, it couldn't be the fundamentals or anything else these guys managing the damn thing did!
Please see: Your Ron Paul Primer
Un-frikkin'-real!
The elite stink shits who run this economy and government must think your appetite for shit is limitless, Americans?
Is it?
"SEC mounts attack on the rumor mill; Market turbulence triggers action" by Stephanie Clifford and Jenny Anderson, New York Times News Service | July 14, 2008
Why am I not surprised?
The Securities and Exchange Commission yesterday said that it and other regulators would begin examining rumor-spreading intended to manipulate securities prices.
The timing of the announcement, made before the markets opened in Asia, was meant to warn broker-dealers, hedge funds, and investment advisers to quell any spreading of rumors before trading started today.
The SEC has been engaged in an internal debate over what kind of investigation to mount with respect to rumors. The turbulence in the markets last week, with rumors adding to concerns about fundamentals affecting commercial banks, investment banks, and the government-chartered enterprises Fannie Mae and Freddie Mac, sped the decision to begin the examination and make it public.
Lori Richards, an SEC official:
"Traders know there is false information in the market. They need to think twice if they are going to pass it on."
And how about WAR PROPAGANDA and LIES, AmeriKan MSM?
WhereTF are you?
Columbia Business School professor, David O. Beim:
"It's like robbery is always illegal, and the police are now going to be doing extra patrols up and down the streets of our neighborhood."
Tell that to the WAR PROFITEERS!!! See: Iraq for Sale
The examinations are expected to begin today and will focus on what policies firms have in place to prevent the passing of false information. The intent is to stop malicious rumors without hampering the natural exchange of information in the marketplace.
And when Bush tells lies to get us into wars?
Since the almost-overnight collapse of Bear Stearns earlier this year, top-level Wall Street executives have been pleading with regulators to investigate what they see as efforts by short sellers to plant false information and profit from it.
So WHEN does the investigation of George W. Bush begin, huh?
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