A Perp Walk Is Good Exercise For The Economy

The SEC is dragged kicking and screaming to investigate the conspiracy to destroy companies only when it involves Wall Street biggies. The rumor mongering and naked shorting are worthy of RICO indictments which can apply to a conspiracy between two or more people or enterprises, legal or illegal. It allows prosecutors to freeze the assets of a "racket" from indictment up until verdict, effectively putting them out of business. All the SEC need do is subpoena the tapes of conversations at the major Houses and follow the rumors to the source which will be the hedge funds. Carlo Gambino wouldn't even have a phone in his house. He never served time. These guys are bush league sloppy. Once caught on tape the SEC should pass their findings up to Justice and have the FBI take over the investigation. Only when a few big players lose their money and their freedom will it be possible to have an orderly market. If this doesn't happen by year end, put a toe tag on the SEC and possibly the economy as well.