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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (133507)	7/13/2008 3:03:14 PM
From: James Hutton	Read Replies (1) \| Respond to of 306849

"The examinations will be in addition to investigations already under way into manipulation of securities prices through rumor-mongering and abusive short selling, the SEC said." SEC is definitely charged with curbing market manipulation, but it works both ways. What about the bullsh*t "rumor" about the fed opening the discount window to GSEs? Rumors that squeeze shorts are OK, but rumors that drive down prices are not? And is it a rumor if a Senator comes out in the MSM and says a functionally insolvent GSE is well-capitalized? Or is it a lie? Is it actionable if no one pays attention? The SEC has been worthless for the past 8 years, and statements like this are really irritating.