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Ponder this: Who rescued the market last week?
NY Post ^ | May 13, 2010 | John Crudele

Posted on 05/14/2010 4:21:56 AM PDT by Scanian

It is one of the most bi zarre searches since Bin Laden.

Regulators are still looking for a Waldo (star, of course, of "Where's Waldo?") so they can pin the blame on someone -- and any old, fumbling fat-fingered trader will do -- for the near catastrophic decline in stock prices last Thursday.

Now, in the latest apparent development in this case, The New York Times said the government is interrogating a trader -- probably at Gitmo -- about "heavy selling in the market for stock index futures."

That's all well and good. Scapegoats are what makes America the land of the great -- let's waterboard the poor fool for not going along with the plan to keep the stock market up in the name of national interest.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: blamegame; dowcrash; regulators; wallstreet

1 posted on 05/14/2010 4:21:56 AM PDT by Scanian
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To: Scanian

The answer is the Plunge Protection Team.


2 posted on 05/14/2010 4:25:34 AM PDT by Man50D (Fair Tax, you earn it, you keep it! www.FairTaxNation.com)
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To: Scanian

Here is how it works:

http://www.youtube.com/watch?v=v1h2c3Hkf7o&feature=PlayList&p=FC61201FD96E0F2A&playnext_from=PL&playnext=1&index=7

Try to get past the fact that it is Alan Grayson doing the questioning and listen carefully to what the attorney says.


3 posted on 05/14/2010 4:38:34 AM PDT by Juan Medén
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To: Scanian

He still asks the wrong questuion. Who paniced the market is what he should be asking.

The market corrected its self from the panic.


4 posted on 05/14/2010 4:40:54 AM PDT by bert (K.E. N.P. +12 . Ostracize Democrats. There can be no Democrat friends.)
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To: Scanian

It’s no secret the market has been manipulated at the very least since this crises began.


5 posted on 05/14/2010 5:04:07 AM PDT by 101voodoo
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To: Scanian

This was intended to be exactly like what happened on Sept. 18, 2008.

This time tho, NY stock exchange put curbs in and while the other exchanges ignored the curb the perpetrators seem to have gotten cold feet and withdrew the drawdown and quickly reversed itself.

This was going to be the impetus to rush to vote for Dodd’s so called financial reform bill.

We will never learn the details of this attempted assault on our markets.


6 posted on 05/14/2010 5:14:51 AM PDT by Carley (WE CAN SEE NOVEMBER FROM OUR HOUSE)
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To: Carley
This was going to be the impetus to rush to vote for Dodd’s so called financial reform bill.

I believe that you are correct. The question remains - who's doing it. Follow the money and make arrests this time.

7 posted on 05/14/2010 5:16:36 AM PDT by meyer (Big government is the enemy of freedom.)
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To: 101voodoo

It’s no secret the market has been manipulated at the very least since this crises began.

We need to get control of Congress and then start making very generous use of subpoena powers to get to the bottom of this. (something I doubt the current GOP has the b@lls for)


8 posted on 05/14/2010 6:49:00 AM PDT by Buckeye McFrog
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To: meyer

>>This was going to be the impetus to rush to vote for Dodd’s so called financial reform bill.
>
>I believe that you are correct.

Concurred.

>The question remains - who’s doing it. Follow the money and make arrests this time.

I actually doubt that, even if everything was out-in-the-open provable in a court of law the perpetrators would NEVER see a court date.

Consider that a multi-judge panel ruled [on VERY dubious reasoning] John Murtha to be exempt from any civil suits from the Haditha marines and yet [the judges] were not arrested for:
USC Title 18, ch 13, § 241: Conspiracy against rights { http://www4.law.cornell.edu/uscode/18/usc_sec_18_00000241——000-.html }
OR
USC Title 18, ch 13, § 242: Deprivation of rights under color of law { http://www4.law.cornell.edu/uscode/18/usc_sec_18_00000242——000-.html ; this would be more difficult because it requires the reason to be color/race/alienship }


9 posted on 05/14/2010 6:49:16 AM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: Carley

In agreement bump!


10 posted on 05/14/2010 9:30:34 AM PDT by Tunehead54 (Nothing funny here ;-)
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