Posted by Jack Lee
WASHINGTON AP The Securities and Exchange Commission said Wednesday it brought 671 enforcement cases in the fiscal year that ended Sept. 30, with the number of market manipulation cases up more than 45 percent over the prior year. The SEC also said it has more than 50 pending investigations related to the subprime mortgage market.
Feds are currently investigating that swaps were illegally leveraged, that last minute trading was jerking the market around and causing wild last minute swings to advantage short sellers. It happened again today! Further, that the oil market was manipulated and the gold market was similarly manipulated!
As Rush Limbaugh would say in his best Kentucky Col. impersonation, “Dare’s a whole lotta manipulatin going on out dare!”