Rigged? Manipulated? Erratic! NOT Regulated!  SEC=Shanda        I’ve written about the SEC and The Obama Administration not having a clue or deciding not to regulate any Trading Vehicle or investigate any stock manipulation!    Why? Who knows; he was elected to get a handle on these financial institutions and to clean these markets up!

Today, Cramer and Kass carry on this theme even further thestreet.com.  Here’s an snippet from a Cramer comment:

…………I say it is time for the SEC to convene a panel of people who care about the everyday investor and analyze what’s really driving them away. I think you will find that a lot of it is the inherent untrustworthiness of what used to be sacrosanct: pricing. Whether it is the speed of the Flash Crash or the manipulation of the ETFs to impact pricing or the corruption of opening trades, something has to be done in Washington to stem the madness, madness that the industry itself refuses to regulate……Let’s face it, pricing’s become a sham. The process is becoming disgrace. The asset class is broken. I can’t blame a soul for abandoning stocks as it’s only getting worse, not better, and there’s no sign that Washington cares about the breakdown of the greatest capitalist entity mankind’s ever invented.http://realmoneypro.thestreet.com/articles/08/01/2012/pricing-sham?cm_ven_int=homepage-latest-headlines

Obama’s Administration does nothing about these shenanigans.