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Pastimes : MANIPULATION IS RAMPANT --- Can We Stop It?
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To: LPS5 who wrote (347)6/14/2002 1:49:48 AM
From: Threshold   of 589
 
I am terribly sorry to have angered you. You know I think you should head the SEC LP.

Your overbearing arrogance seems to be quite appropriately used to defend the unsavory actions that are currently garnering quite a bit of airtime.

So who put a nickel in you and made you Defender of Wall Street and its corruption.

I guess you are right in saying it's all okay because it's been going on for a very long time.

Frankly I am grateful for the transparency of it all, as it has made me a much better and certainly far more careful trader. How anyone can trust a word spoken on Wall Street is beyond me.

Traders however, need movement in the markets to profit, and the current tide of corruption is serving only to kill said movement reducing profits for all. That is the suffering I speak of.

I am not in favor of more regulation. I am in favor of strict enforcement and substantial punishment. I am not in favor of allowing people to pay fines in lieu of criminal prosecution. Why should one person do hard time for say marijuana possession while another pays a small fine for fraud (sometimes billions of dollars) or other white collar crimes and admits to no wrong doing?

Lastly, what goes through your mind when one of those investment bank ads airs on CNBC. You know, the ones depicting young families and the promise of college education monies if one was to entrust their financial future to the advertiser?
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