They didn't just "blow off" a 70 year old reg. It was well planned, tested, and executed. The best types of manipulations, are the ones that work. They have to be well planned. Imagine if the entire market is a series of pipes and valves, these pipes and valves control the flow of money. Now imagine you can adjust the valves until you find a good flow, into your cronie pocket of course. Happy Trading ;>
Horse shit. The SEC is more corrupt than the Emperor's Club. But at least the EC provided a service. All this stuff is connected. And it all fits in some Elliot Wave scenario of some supercycle low. It's like taking a four cylinder engine on the Mass Pike and driving 95. Eventually, the engine melts. And this engine is melted. Well planned. The only thing well planned at the SEC is what huge law firm the last paid off enforcement guy gets to go to. You'll be reading about it in the paper very soon.
I like your Horse Shit as well..... I also like the term "Bucket of Mule Dung" It's all broken. Hoping to see some people swing from the gallows is probably a bit naive though ;> Time will tell.