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.