No. of Recommendations: 0
Personally I'm shocked at all this. I never realized that the news media had a hidden agenda! :)

OTOH, I now have a better understanding of what happened to ENRON, WorldCom, etc.

Seriously, the SEC has vast resources at their disposal to ferret out market mamipulators.

Do they catch them all? Probably not. But something on the scale that this article is talking about, it would be a no brainer.

When there are big losses involved, some have to find a scapegoat, rather than own up to thier own inability to cut a loss short.

BTW I thought hedge funds had their worse performance when the markets really got out of whack and their Quant models were no longer working.
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