Falsehoods unchallenged only fester and grow.


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 Post subject: Honesty In The Market?
PostPosted: Sun Aug 21, 2011 10:02 am 
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No. The lies are blatant and "legally" hidden. Is that special?

Sen. Bernie Sanders Leaks Oil Trading Data (Crooks and Liars, Susie Madrak): Americans Have A Right To Know Who Drove Up Gas Prices


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 Post subject: Honesty In The Market?
PostPosted: Sun Aug 21, 2011 10:15 am 
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Ooops, a to-be-blackballed truth teller (Crooks and Liars, Susie Madrak):

Anyone with half a brain knows that the ratings agencies (and not just Moody's) were deeply involved in covering up the whole industry built around toxic derivatives. My question, as always, is: What is anyone going to do about it? Is anyone at the top of this crappy pyramid scheme ever going to jail?


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 Post subject: Honesty In The Market?
PostPosted: Sun Aug 21, 2011 10:25 am 
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These two instances are just a tiny sample of why lack of regulation is so bad for individual, non-connected Americans.

And we've all seen what happens when taxes are cut and regulations are gutted. It ain't pretty. Adam Smith knew that kkkorporations needed government limiting but your average SYM/teahadi just conveniently forget that part of Mr. Smith's writings.


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 Post subject: Honesty In The Market?
PostPosted: Sun Aug 21, 2011 10:57 am 
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But but but, we have to let the free markets decide! Once these fucking assholes destroy our economy once again and we have to pick up the pieces once again, we'll know not to use these companies anymore and they'll go under. Who cares if millions of poor and middle class Americans lose their jobs, health insurance, homes and life savings in the process?

See? Easy peasy.

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"Holy shit. She's insane. She's bonkers. She's certifiable. She's copulating with a Planters can. She's so fucking batshit that it's going to take at least five generations of bats to replenish global stocks." -Mike Dunford


My hobby: playing conspiracy theories off against each other


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 Post subject: Honesty In The Market?
PostPosted: Sun Aug 21, 2011 11:51 am 
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From the comments to the Moody's piece:

Quote:
possibly

but, there is another possibility for the S&P downgrade of the US: "don't fuck with us, or we will ruin you"

The Justice Department is investigating whether the nation’s largest credit ratings agency, Standard & Poor’s, improperly rated dozens of mortgage securities in the years leading up to the financial crisis, according to two people interviewed by the government and another briefed on such interviews.

The investigation began before Standard & Poor’s cut the United States’ AAA credit rating this month...

http://www.nytimes.com/2011/08/18/business/us...

:shock: :evil:

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 Post subject: Honesty In The Market?
PostPosted: Sun Aug 21, 2011 1:05 pm 
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In April, Obama called for an investigation into whether speculators were driving up oil prices.
http://www.csmonitor.com/USA/Justice/2011/0421/Fraud-in-gas-and-oil-prices-Obama-s-new-task-force-will-investigate

Since then, oil prices have declined from the $120 bbl range to nearly $81 bbl, a 33% decline and gas prices have followed ( recently $3.29 a gal in River City - down from $4.15 in April), although more slowly than the decline in oil prices (the gas price is down just 20%.) I think that strongly suggests that as soon as someone called them on their game, the speculators realized the jig was up, sold their oil futures and turned to other investments. Don't worry, they'll make their way back around to oil when they think no one is looking. Business news leaders were giving them cover by saying the trouble in Libya was threatening supply, nevermind less than 2% of the world market comes from Libya, and that demand was up, which was patently false. They're doing this with wheat and corn and sugar too.


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 Post subject: Honesty In The Market?
PostPosted: Mon Aug 22, 2011 7:19 am 
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Corporations keep overseas job figures a closely-guarded secret (Muriel Kane, Raw Story)


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