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19-09-2008 03:39 PM
19-09-2008 03:53 PM
"The commission is committed to using every weapon in its *****nal to combat market manipulation that threatens investors and capital markets," said SEC Chairman Christopher Cox.
. He is referring to the short-sellers when he talks about "market manipulation" but the only people that are manipulating the markets are him and his cronies. The short-sellers were not trying to manipulate anything. They saw that Wall Street financial companies are worth less than their stock market valuations and made perfectly legal trades in order to profit from this insight and at the same time let the stock values more accurately reflect the values of the companies.