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Re: Omphalos post# 7347

Wednesday, 11/24/2010 9:53:39 AM

Wednesday, November 24, 2010 9:53:39 AM

Post# of 12137
Omphalos - Please forgive me. My post was addressed to you, but it was intended for the edification of others on this board. I realize that you are cognizant of the machinations that pervade this industry.

I agree with you. These systemic abuses, perpetrated by the bottom-feeders you make reference to, all the way up to the biggest manipulator of the system and the markets (the Fed), will result in a backlash of historic proportions.

As you stated, these firms have perverted and nearly destroyed the very essence of the capital markets; capital formation and price discovery. Until something is done to restore the integrity and credibility of the markets, the risk will continue to be pervasive.
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