I have another article in the works that should be finished by Monday...but in the meantime, this commentary is one I started a few days ago, and just now finished in a caffeine-fueled fit of indignent anger. Sometimes you just have to call a spade a spade.
After almost three years of covering the issue of stock market fraud, and after experiencing revelation after revelation about just how widespread…and how controlled…the fraud really is, against investors, against our economic foundation, against America, things have become, well, let’s just say that events have become very predictable.
Those of us “who knew” saw the problems with naked short selling way before it was (finally) in vogue to talk about it in the major media. Those of us who were paying attention knew about how hedge funds were dangerously manipulating the market long before the house of cards began to collapse around them while federal regulators feigned mock surprise. Those of us who ventured into the seedy underbelly of Wall Street saw something insidious and menacing, something that we knew could eventually collapse our entire economy if left unchecked.
No, it’s not that difficult to know how this plays out, and believe me, it’s not a pretty picture.
The brokers will be exposed as the real villains here, revealed to be just as crooked as the hedge funds (and even more powerful), and everyone will once again posture in mock indignation, gesturing animatedly while they launch investigations and promise to enact justice on the “bad guys.” Meanwhile, they’ll be scrambling to eliminate the last few shreds of evidence…beginning with your stock certificates.
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