The SEC has proven to be a "friend" of the criminal bankers. How much money is being moved off-shore and laundered? How much is the US Treasury losing in tax revenue as a result?
I say, send in the Treasury Officers. Do not tie them down with Federal Reserve "supervision".
The short and distort is costing the US Treasury Billions per year. The US Treasury needs to look at the lost tax revenue as a result of the endless shorting and distortion that follows.
The way the manipulative shorts capitalize on their scam is to short into a company promotion, force the company to issue many more shares than they intended and creating a death spiral from which the company can't recover, and then hit the SMB's to fill "Google Search" with messages of negativity and slander. When shareholders sell for the tax loss, they have accomplished their goal.
What the Treasury needs to realize is that not only are they missing out on 15% to 36% in tax revenue, on the write-down side of the manipulation, there is a revenue swing of 30% to 72% for losses compared with gains.
The Fed wants to back the risk in the derivatives markets? Well then, that is their risk to take, not the burden of US Taxpayers and Citizens of the World.
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