Government Intervention in Stock Market is Detailed

[donsu]

http://biz.yahoo.com/bw/050906/65371.html?.v=1

Government Intervention in Stock Market is Detailed by New Report, GATA Says


-A major Canadian financial management firm that a year ago published a compilation of evidence of central bank manipulation of the gold price has just done the same in regard to the U.S. stock market and has reached a similar conclusion.

The new report is titled "Move Over, Adam Smith: The Visible Hand of Uncle Sam," and has been published by Sprott Asset Management of Toronto. It was written by the firm's president, John P. Embry, and his assistant, Andrew Hepburn, and concludes that the U.S. government has intervened to support the stock market so many times that "what apparently started as a stopgap measure may have morphed into a serious moral hazard situation, with market manipulation an endemic feature of the U.S. stock market."

-snip-

The Sprott report concludes:

"Given the available information, we do not believe there can be any doubt that the U.S. government has intervened to support the stock market. Too much credible information exists to deny this. Yet virtually no one ever mentions government intervention publicly, preferring instead to pretend as if such activities have never taken place and never would.

"It is time that market participants, the media and, most of all, the government acknowledge what should be blatantly obvious to anyone who reviews the public record on the matter: These markets have been interfered with on numerous occasions. Our primary concern is that what apparently started as a stopgap measure may have morphed into a serious moral hazard situation, with market manipulation an endemic feature of the U.S. stock market.
-snip-
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it's the bushgang way to intervene and interfere in order to keep the money flowing into their pockets.

[elehhhhna]

1. Ther was a post here months ago alleging that Iraq Recon Funds

were being "placed" in US stocks--hundreds of millions--by the BA, until Iraq settled down & reconstruction was "safe" . lol

got links, anybody?

[BlueEyedSon]

2. And to make the shaky US economy look good.

[napi21]

3. Yep, that's what I thought!

I don't buy this crap about the economy being so great, and unemployment is low etc. I also don't believe in the tax cuts create a great economy!

From what you posted, I can't tell. Could this be criminal conduct? The writer says something about moraly wrong, but that's another one of those things that are "whose morality".

[BlueEyedSon]

7. Nothing is criminal if your are in charge & make the laws!

Fixing 2 elections
Iraq invasion
Abu Ghraib
NOLA debacle
Halliburton's many no-bid contracts
etc, etc

[cornermouse]

4. That's frightening.

It really is.

[cyberpj]

5. Knew this - but really glad to have the details -thanks for posting this!

But what does that mean about my 401K? Move to money markets before the next big crash? I've just gotten started so not a lot to lose but still...............

[sarcasmo]

6. If you think it's bad now.

Wait until they attach those private SS accounts on the back of some bill that no one cares about.