Gee, you've heard me in various Tickers talk about insider trading and intentional market manipulation.
Now hear it from a trader on the floor. Listen to this clip - 6 minutes, if you're not interested in the whole thing slide in to about 2:00 in.
This market continues to be propped up by government intervention and manipulation."
No really?
By the way, market manipulation is illegal.
Of course when you own the police force you can do whatever you damn well please, right?
3 Comments
paonejim
The Obama administration keeps informing us that the American economy is in good shape? We are also advised that the global economy is also in good shape? So what happens on Wall Street may have nothing at all to do with what is happening in the economy. The conspiracy theory holds that officials buy S&P 500 index futures through major Wall Street trading desks, with money from the Exchange Stabilization Fund, a $38 billion Treasury Department account to buy currencies on the open market and secret government offshore accounts. Believers say these activities are coordinated out of the Fed's New York branch on Liberty Street in Manhattan, just a block from the NYSE. So the Bernanke's appearance on "60 Minutes" this past spring was part of the Obama administration's plan to influence the stock market and push the economy in a positive direction? Please Mr. President stop the madness and start telling the truth!
American
The Obama adminstration can break the law all they want...
Madman
Our government has been manipulating us since, well, forever, but it's always chilling to watch people like these well knows wax anti-semetic. That being said, the false market ascension can only be manipulation, and it feels forced. Obvious. Shallow. Empty.