Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Podsiadlik who wrote (92254)	8/18/2005 2:49:09 PM
From: rrufff	Read Replies (2) \| Respond to of 122087

I suppose if you put words in my mouth, it makes you feel good. I posted what I believe and nothing more. I would like to see the entire issue explored, whether it is in court or, preferably in Congress, as part of larger hearings on our markets. Hopefully, this will lead to a re-write of the SEC acts, one that takes into account excesses in e.g., MM, hedge funds, touts, insider trading, management abuses, etc. I believe this will be the case if or rather when we have the next great market crash. That's when Congress will act, when people are concerned that their retirement funds have been abused. I've often posted that the court process is too unwieldy to get a full understanding of these very complicated issues. I suppose that with the SEC and Congress in typical status quo mode, don't rock the boat mentality, many of these companies feel that court is the only option. I'm not taking Byrne's side as gospel, merely responding to those who will attack anyone who questions the "morality" of hedge funds or those on the short side. I merely stated that I was very pleased, ecstatic that he is involved, because he will bring attention to these issues. Read back on my posts. I posted that there are good hedge funds, honest ones, just as there are honest microcaps, big caps, etc. I've seen some post here that every microcap is a scam. I don't believe that. There are many, too many, but not all and perhaps not most. But I also believe that hedge funds have grown in wealth and power and do have strong incentives to do what was ALLEGED. I'm not the judge or jury and never suggested as such. Where is the fear in having these issues thoroughly investigated?