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Pastimes : Investment Chat Board Lawsuits
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To: kknightmcc who wrote (7176)2/5/2005 1:19:28 AM
From: Jeffrey S. Mitchell  Read Replies (1) of 12465
 
According to what you posted, Dateline is essentially going to declare the entire US system of trading as corrupt. And when you think about it, that may be true. Does death spiral financing strangle companies? Yes. Is the mob involved in the market. Yes. Are there loads of offshore companies manipulating stocks? Yes. Have analysts been guilty of pumping stocks they own? Yes. Has the mutual fund industry been sticking people with ridiculous fees? Yes. Do CEOs use company funds as their own private banks? Yes. If you want to toss in another yes under naked shorting, go ahead. The point is that if Dateline does do a fair and balanced piece that naked shorting will be little more than a footnote compared to the money lost by everything else.

- Jeff
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