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Pastimes : MANIPULATION IS RAMPANT --- Can We Stop It? -- Ignore unavailable to you. Want to Upgrade?

To: Monty Lenard who wrote (268)	5/21/2002 9:47:16 PM
From: Dave Gore	Read Replies (1) \| Respond to of 589

Monty, good point and my take is that they choose their cases carefully. By making an example of a 14-yr. kid (who still got to keep a lot of his illegally-eaned money), they were saying to be careful out there, Internet posters. I am not sure it worked, but I think that was their idea. They were probably more interested in getting some press. The problem with Harvey Pitt, SEC chairman, is that he has so many ties to brokerage houses and corporate execs that it makes him way more of a bad joke than Bud Selig as Commissioner of Baseball. The SEC got seriously upstaged by Eliot Spitzer, the A.G. of New York. It made the SEC look like a 2-bit organization when the AG office of NY made some quick headway in the Merrill Case. BTW --- I am not sure Merrill is laughing much. Not only did they have to pay $100M but the civil lawsuits are going to start to pile in now from angry clients. Reportedly Salomon Smith Barney is next on Spitzer's list.