Flying On Air

kdenninger
September 01, 2009
China threatens to repudiate derivatives contracts and the market floats on air - until today, when suddenly the fake "buying" (that is, computer passing of shares back and forth) in bankrupt firms (AIG, Fannie and Freddie specifically) disappears in a puff of smoke and oops - down she goes!

Why do Americans allow this sort of blatant rip-off to continue?