To: Amelia Carhartt who wrote (17669 ) 2/17/2009 12:05:29 AM From: Gary Mohilner 2 Recommendations Respond to of 71456 I must admit that a truly free market sounds like a great idea, however, if such a market can be rigged by the extremely wealthy and manipulated, then some sort of regulations are needed to make it not only free, but fair. What happened to us in the past decade or two is the greediest of our wealthier people got greedier. Simultaneously in the last eight years those very same people got the govt. to ignore virtually all the regulations that were already in place, and they even added some ways to feed the greed. I often wonder what a Hedge Fund manager had to do to make so much money that his bonus was something like $7 billion, clearly he made a ton of money for his clients, I just wonder who he destroyed in doing so. My point is the Stock Market and most other markets aren't free markets, they're manipulated by MM's, by shorts, hedge funds, and institutions who control so much that on any given day they can move the stock price almost at will. Companies have become so thoroughly bogged down in rules that much of the annual report is a statement of risks associated with investing. Companies may not promote what they're doing without all sorts of disclaimers, or risk the wrath of the SEC, but those who manipulate companies and markets can operate with almost no interference as that's become a free market in the SEC's mind. I'm sorry, but I believe it's time that regulation reentered the market, whether you call it free or not, it's more important that it become fair. I also believe it's time that companies be permitted to openly say all that's good about what they're doing without publishing all that's risky about investing. Likewise I'd permit drug commercials that didn't spend most of the time warning about possible negative side effects. Don't get me wrong, people do need to be warned, but it should come from their doctor, not the commercial. There are people with allergies that are so violent they may cause death with things as common as milk, peanuts, Aspirin, etc. Could you imagine if every time peanut butter were advertised more than half the ad was spent discussing adverse reactions to eating it. How about cars and truck, should every commercial have to say that accidents kill or maim people. Why shouldn't companies be able to say why they could be a great investments and let investors determine which of the companies competing for their funds are the right place to invest. Gary