ArcticFox

Time to Return Control of Capital Markets to Capital Owners

I have been writing my congressmen and senators also about this problem for quite some time. And I agree with the hand, "Who are you talking about", because with rampant short selling and naked short selling by powerful investment firms who manipulate the markets, you risk your investments even on good companies. I lost money with the dot com bust, a pyramid scheme by investment companies that only succeeded because of the massive shorting during the collapse. The same is occuring now, except instead of running a scheme with gulible small investors, they run the scheme with our pension funds through regulations provided by the federal government. I started taking my money out of securities from my 401k when Goldman Sachs announced their first big bonus a couple of years ago, and completely when out of securities when a few months ago when the feds ran the prime rate so low there was little room for further rate cuts. Because the government won't let me take my money out of the funds without a stiff penalty, I am still stuck in money market funds which get hurt by low interest rates and a devalued dollar from bailouts for these criminals. What bothers me is that Goldman Sachs and J.P. Morgan, the apparent masterminds behind the subprime crisis are creating a monopoly with the results.