Thursday, April 10, 2003

SEC Investigation Pending

CBS Marketwatch News Flash:
SEC probing hedge fund short selling
Hedge funds focus of Senate Banking hearing

WASHINGTON (CBS.MW) - The Securities and Exchange Commission is investigating allegations of manipulative short selling by hedge funds, SEC Chairman William Donaldson said Thursday.

Last year, Romney bragged that he made money investing in 2001. He invested in the stocks of 25 companies, and made more than $500,000 from seven different companies. (source: Boston Herald, May 29, 2002)

Hmmm. While no one else in America was making money in the stock market, Romney made more than $500,000.

Wonder if the Fraud Investor was shorting the market?

Wonder if the Fraud Governor will 'cooperate' with the SEC investigation?


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