So asks John Amato at C&L, citing a wealth of articles and sources. Read them all. It goes way beyond gaming the market by naked shorting and a compliant media. There’s hedge funds with organized crime money, a money culture that ignored laws (while regulators snoozed), illegal manipulation of stocks, and much more.
There needs to be an investigation into the use of the media outlets for ill-gotten gain. Kind of like Bernie Madoff’s for Cable TV.
I agree. This isn’t just a few bad apples but rather a financial system which appears seriously compromised.