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(2)....governmental (and other) actions under existing laws and regulations....that are appropriate to carry out these recommendations."
Government and Wall Street collude. They manipulate markets doing so. They move them up and down. Enormous profits are made both ways. Most people don't know what goes on.
Manipulation is as commonplace as investing. Tools get increasingly sophisticated. Market prices and true worth often diverge. Claiming markets move randomly doesn't wash.
In 1999, the Counterparty Risk Management Policy Group (CRMPG) was established. It came in the wake of the Long Term Capital Management (LTCM) crisis.
It's used to manipulate markets. It lets financial giants collude through large-scale program trading. They move markets up or down as they wish.
They bail out troubled members. They eliminate others. They do so to consolidate to greater size. They do what ordinary investors don't understand. Many lose out and get trampled.
Financial history is strewn with examples. Big players win. Small ones get crushed. Profits are privatized. Risks are socialized. Wealth is increasingly distributed up.
Financial oligarchs benefit most. Free lunch benefits are gotten at the public's expense. Wealth gets more than ever concentrated.
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