Tuesday, July 15, 2008

SEC Harassing Traders

Rumors on Wall Street, you're kidding?

Yes, while the head government honchos can lie without consequences, "Read my lips, no new taxes", "A humble foreign policy", the government decides to go after hedge funds for spreading rumors.

Give me a break, if you are trading on Wall Street, you better verify facts for yourself or you won't be on Wall Street very long. Rumors are for suckers.

But the SEC, in a public posturing mode, has subpoenaed over 50 hedge-fund advisers in a "rumors" investigation, ACCORDING TO A RUMOR PUBLISHED IN THE WALL STREET JOURNAL AND PROBABLY LEAKED BY THE SEC.

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