This sort of market manipulation has been going on for years - start a short, spread a few rumours, sell and take the profit before anyone notices you done anything. On this occasion coupled with the collapse of Bear Stearns the rumours worked a bit too well. Hopefully the FSA will get tough and start handing out a few fines and bans and bring a bit more transparency into the market.
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This sort of market manipulation has been going on for years - start a short, spread a few rumours, sell and take the profit before anyone notices you done anything. On this occasion coupled with the collapse of Bear Stearns the rumours worked a bit too well. Hopefully the FSA will get tough and start handing out a few fines and bans and bring a bit more transparency into the market.