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JADE-LOG

I may not look like a yellow dog but check out my ears.
Articles Posted: 48  Links Seeded: 7234
Member Since: 5/2008  Last Seen: 5/18/2012

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Investors wonder: Is the stock market rigged? ~~~ Ya Think?

Seeded on Thu Nov 25, 2010 11:37 PM EST
Read ArticleArticle Source: Raw Story
politics, bush, stocks, tea-party-republicans, wells-fargo, republican-congress, wall-street-casino, safer-investments
Seeded by jade-log
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The Wall Street insider trading investigation may lead everyday investors — already rattled by a stock market meltdown, a one-day "flash crash" and the Madoff scandal — to finally conclude that the game is rigged.

"A large part of trading has to do with trust, and I don't have it," says Mark Swenson, a 43-year-old plumber from New Hampshire who refuses to buy individual stocks.

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  • Groups: Corporate Watchdogs, FIRED UP DEMOCRATS!, Happy with Corporate America?, Heated Debate, Respectful Debate, World News and Views
  • Regions: New York
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jade-log

"If the stock markets had any reputation for integrity, they lost it in the past year," Geisst says.

Restoring small investors' confidence may depend on whether they see ample evidence that federal regulators are successfully cracking down on bad behavior, says Ross B. Intelisano, a securities fraud attorney with the firm Rich & Intelisano.

The market needs them back. Most of the stock in U.S. companies, both public and private, is held by individuals, not institutions, according to Federal Reserve data.

It doesn't look like anyone can control Wall Street Casino. The bonuses are as big if not bigger than ever before. Corperson made $1.6 trillion in the last quarter. But they want more tax cuts.

Maybe it's time for we the people to take the matter into our own hands. Check this out. Really, click this for a jaw dropping concept.

    Reply#1 - Thu Nov 25, 2010 11:44 PM EST
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