CHICAGO-(AEAE)-THE WALL STREET PROTESTORS ARE COMPLAINING THAT WALL STREET IS CORRUPT. This conclusion results from the fact that the New York Stock Market is not a level playing field for all investors. The Securities and Exchange Commission (SEC) favors wealthy investors over less wealthy investors. Each year the SEC issues many million dollars favors to wealthy investors in the form of “confidential wavers” which allow the SEC favored investors to accumulate large shares of corporations without disclosures, under the ruse that “stock prices would be driven up” if regular investors knew that large blocks of various corporation stocks were being acquired by a single investor. Then after the large blocks of stock have been acquired the rich investor acknowledges its purchases. The stock price than shoots up and the wealthy investor makes a windfall profit. Just like Warren Buffett's Berkshire Hathaway Company just did after quietly acquiring 5.4% of IBM stock at 10.7 billion dollars within the last year. Afterwords Warren Buffett acknowledged the acquisition and his stock value rose to 12 billion making a profit of 1.3 billion dollars in less than one year, thanks to the SEC. The reason for the Wall Street Protestors appearing in every city is the systemic corruption that permeates every level of our society and Wall Street and the Banks in particular. Story Continues
Buffett Bets $10.7 Billion in Biggest Tech Foray
Buffett Bets $10.7 Billion in Biggest Tech Foray
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