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“market manipulation”

September 19th, 2008

Pledge allegiance?

I went to assemble my day’s market-neutral portfolio this morning – including, of course, its fair share of shorts – when I came across this fun bit of news:

“The Commission is committed to using every weapon in its arsenal to combat market manipulation that threatens investors and capital markets,”

SEC Chairman Christopher Cox said in a press release. (I got this from Forbes, but it’s everywhere…)

Pretty rich stuff. Talk about manipulating markets.

As a small business owner, I love seeing the taxpayer-financed backstop our financials are getting… Where’s mine?

dereferenced, our managed markets

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