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SEC to Investigate Lies, Rumors, Attempted Market Manipulation...

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July 15, 2008 – Comments (3)

"I understand there is a lot of nervousness," Bush said. "But the economy is growing. Trade is up. To the extent we find weakness, we will move."

Oh no, wait, they're worried about this stuff.

So long as your fluffage is designed to pump a market, I guess you're free and clear...

3 Comments – Post Your Own

#1) On July 15, 2008 at 12:52 PM, Zanibel17 (97.49) wrote:

Link didn't work for me.

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#2) On July 15, 2008 at 2:11 PM, lepersinmyhead (25.14) wrote:

I love your blog and your perspective.  But what is your suggested mechanism for protecting the markets from lies, fraud, manipulation and cheating?  Is it always just caveat emptor?  You'll soon have little faith in markets if there are no consequences for fraud.

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#3) On July 15, 2008 at 4:38 PM, jesusfreakinco (28.91) wrote:

Good point.  Cynicism required.  Good ole boys network trying to protect their own...  Poor CEO's of insolvent financials firms won't be able to afford their private jets any longer... ;(

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