"Nobody wants to live in a controlled society – certainly not traders of the capital markets – but frankly these markets are not transparent and the acts of deceit and manipulation that routinely go on necessitate some greater monitoring than happens today.
What’s at stake is the credibility of the government, the agencies of government that are involved in the capital markets, the central banks, banking institutions, and so on.
What happened Friday in the last hour of trading was a raid on the shorts, pure and simple. It might have been orchestrated. For certain there were parties acting in concert if even by common motivation."
Events like Friday are frustrating, but it seems like that is the direction our country is headed - more government involvement in all parts of our society - the stock market, the economy, our personal lives - the list goes on. I don't know how we change things, especially when the choices available this fall for our nation's leader range from two life-long Washington insiders or a newcomer that has the most liberal voting record in the Senate and will look to increase governmental control over our economy even more than it already has. Just my opinion.