OK let me return to the NYSE. The people managing this stock market must be sued till their pants dropped and be put behind bars for mismanaging the stock market and allowed all kinds of frauds and fraudulent practices in the system and pretending that all is ok, legal and good practices. How can it be ok when the stock market is turned into a casino?
Let me just briefly list a few things that the stock exchange did. Bringing in IPOs from countries far far away that they have no effective control and no means of taking legal measures against fly by night companies and allowing such operators to cheat the innocent investors of their hard earned monies. These half baked companies were allowed to list, to take the money from IPOs and then let the companies collapse and the investors losing their pants. And the stock exchange just look the other way, appearing so innocent, not their business, you play with your eyes open while they pocketed the listing fees. They would not take responsibilities for allowing snake oil salesmen selling fly by night companies to list. Not their problem. They did not do anything wrong, not just one case but hundreds of similar cases, and the poor investors left to lick their wounds, money gone. This is crime against the innocent.
What about algo and computer trading, high speed trading? These buggers were allowed to take advantage of their super computers, to even locate their computers next to the exchange to be nearer and faster, to trade against the innocent investors. Such unfair practices, uneven playing field, are accepted as normal, nothing wrong, fair practices? Aren’t these cheatings? Why are the innocent public investors being made to play in a stock exchange that was rigged against them and the stock exchange management proudly claimed that there was nothing wrong? Unfair practices, unfair advantages and nothing wrong? OK, I never said the exchange was rigged. I only repeat what the western media and experts were saying.
Is the stock exchange supposed to provide a level playing field, ensure fair practices, ensure that everyone has a fair and even chance to trade and make or lose money? Why are the supercomputers allowed to trade against ill equipped ordinary people? Fair? Where is the fairness, where is the justice when small investors are cheated or taken advantage of by the computer traders?
And there are many many advantages that the computer traders have over the small investors and the stock exchange management just closed an eye and said nothing wrong. The computer traders with their super computers are allowed, legally sanctioned to do what they are doing by the stock exchange!
Now, should not the American public sue the stock exchange and the management and send them behind bars? Difficult, because many senators and congressmen and women are in some way paid to shut up and not to look at the crimes committed against the small investors.
Surely there must be some righteous and honourable senators and congressmen and women that would be willing to take up this injustice in the stock exchange, to protect the interest of the American public, the small investors, from fraud and malpractices. No? no fraud, no malpractices?
Who is bluffing who? When rights and wrongs are brushed aside and ignored, it is time for the American stock exchange to collapse. The rot is at the top, at the management of the stock exchange, including the government. They must be sued and justice brought to bear on them.
Save the small investors and the stock exchange. Why are the Americans living in such ignorance and being cheated without protesting when they are so good at suing? They have many very clever lawyers to frame the charges to bring the crooks managing the exchange to justice.