Al Jazeera on rigged markets

[TonyM]

http://www.youtube.com/watch?v=8z66kmPRl5Y

http://www.youtube.com/watch?v=_3H6uEyR66M

[Svenwulf]

nice post, very interesting. so i wonder if the black helicopters will come buzz me because im an anti- naked short selling agitator? in any event i found the pro- fundamentalist network's concern with the subject matter a bit curious. perhaps the sheiks are upset for not being shown the new secret handshake? additionally i found it humorous the frequency in which they compared the ppt to soviet style communism. good to see ignorance is found in every culture. the most ridiculous part, imo, is the conclusion, with the investment banker suggesting investors stay away from large and mid cap companies. to me the logic was similar to thinking that if one falls ill, one should avoid a hospital, because people die in hospitals.

[TonyM]

Well, they bring up some good arguments, however as with most groups they tend to go overboard, which then sullies the entire dissertation. If in fact the ppt propped up companies such as GM, then yes that would be quite fascist, however if you believe that, then surely investing in GM would be wise since the govt is not going to let them fail.

I think the bias has something to do with cheer-leading the Dubai market, although the naked shorting is obviously something that cannot be denied and truly does need to be stopped if giving the appearance of a 'fair market' is a goal of the SEC.

A poster on ET where I found this link brought up a good point imo; corruption is an intricate part of capitalism. Idealist's will always cry foul, but when in history has corruption not existed in any form of government? A manageable level of deceit may be all we can hope for unless utopia magically appears, and even then I'd bet it was being manipulated into appearing as a utopia, much like some people look back to the 50's in America as a time of innocence, Chevrolet's and apple pie :roll: