Lies, gaffes or manipulation
To the Editor:
Several decades ago federal laws were passed to keep people from manipulating markets.
One way this was done was to drive up costs by cornering the market, reducing supply and then slowly selling their supply at a far greater price than the original cost. The Bunker brothers did this with silver in the 1970s.
Another way to manipulate the market is by saying something that is untrue, causing a stock or the market, as a whole, to move in the desired direction.
For instance, someone could short a drug stock and tell people a promising drug trial was a disaster, causing the stock to fall. Doing the opposite would cause the stock to rise. If the manipulating information was a lie, then it was illegal and the SEC could levy fines and restrictions. Federal and state attorneys general might file criminal charges, too.
Market manipulation harms investors when you and I are duped by criminal actions. Market manipulation is being done on a massive scale today by our president.
Recently, as in the past, Trump has made false statements to get the stock market to recover from previous gaffes or lies. He said the Chinese had contacted him, but his staff at the G-7 meeting knew nothing about any call, nor did the Chinese negotiators, and said they wanted to change their position. The market rose.
When the president says things that lower the market, some people make money. When it goes back up with another statement, more money is made. He often meets with hedge fund people who make billions in the market and heavily support him.
Don’t you wonder if there is a quid pro quo connection?
Medical society closing its doors
To the Editor:
The Will-Grundy County Medical Society would like to thank our community and members for all their support. The society will be closing its doors permanently Dec. 31.
We have been in this community since 1937. We served as a central source of information for our members and represented the interests of physicians before state and federal agencies, in addition to conducting medical education activities and providing and administrating membership benefits programs.
The medical society renders specific services both to its membership and to the community that no member operating alone would have the capability of providing.
On behalf of all our members, we thank you for you support.
John D. Mikuzis, DO
Questions about Minooka’s football field
To the Editor:
I have been watching with some interest this summer as Minooka replaces its natural turf football field with artificial turf. In light of the fact that the good citizens of Minooka don’t seem to want to fund any more new schools, I have a few questions.
First, what was wrong with the old field?
Second, how much did it cost, and just out of curiosity, is it me or is the school symbol in the middle of the field upside-down?