Re: Jim Cramer on Stock Market Manipulation -- Hang him

[David Farber <dave () farber net>]

Begin forwarded message:

From: Lauren Weinstein <lauren () vortex com>
Date: March 14, 2009 11:57:30 AM EDT
To: David Farber <dave () farber net>
Subject: Re: [IP] Re:     Jim Cramer on Stock Market Manipulation --  
Hang him



On 03/14 07:05, David Farber wrote:
> Begin forwarded message:
> From: Wulf%20Losee <qx49 () comcast net>
> ... Is it an offense under current
> Securities and Exhange laws to spread baseless rumors? Cramer says  
> "no"
> -- not if you don't have insider knowledge.

And where does spreading lies (baseless rumors == lies!) in an attempt  
to
manipulate the stock market -- even if legal -- fall on the ethical
scale?  Somewhere south of ZERO.

If Cramer's and other folks' best excuse is that such behavior is
legal, than they and their ilk (including complicit networks) are
sorry specimens indeed.  How many retirements and lives have been
utterly wrecked by this sort of reasoning -- and the laws and
regulators who have permitted it?

Does it stop now?  Do we stop it?  Or once the stock market is back up
a few more hundred points, do things go back to "business as usual"
once again?

Enough is enough of such ethically vacuous and yes, *evil* behavior.

--Lauren--
Lauren Weinstein
lauren () vortex com
Tel: +1 (818) 225-2800
http://www.pfir.org/lauren
Co-Founder, PFIR
  - People For Internet Responsibility - http://www.pfir.org
Co-Founder, NNSquad
  - Network Neutrality Squad - http://www.nnsquad.org
Founder, GCTIP - Global Coalition
  for Transparent Internet Performance - http://www.gctip.org
Founder, PRIVACY Forum - http://www.vortex.com
Member, ACM Committee on Computers and Public Policy
Lauren's Blog: http://lauren.vortex.com





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