S.S.A.P. said:Econ101: simple question for you. With over 400 posts to your credit saying you know there was manipulation and that you can ask the right questions (and have access to "moles") .... why haven't you (possibly joined by others who believe the same) filed your own case against "X" packers?
In time, maybe.
In my opinion, our legal system is one of the most inefficient ways of getting justice. Sometimes it is more beneficial for all to come to agreements outside of that system. The best scenario is for market participants not to indulge in these market plays. The next best scenario is that the regulatory agencies themselves catch them and make them stop and pay restitition. The next is legal (which may be compromised at too far of an extent) and that could ruin the current packers. I think you have to go down from the best to the worst scenario and that takes time. Pickett is at the last scenario and r-calf is playing with that one as well as working on the underlying political structure of the frauds being committed to producers. Over time the issues will be resolved. They always are. We are seeing some of the political spillover of some of these frauds now. It will only get worse until it is corrected. The question is, at what cost.
Obviously the U.S. has lost a lot of credibility in the world. I supported the war but think it was mismanaged at best and at worse it was used as a piggy bank and money generating apparatus for the current power structure. Things will correct themselves or we all lose. The longer they go on, the worse it gets. I am for the quick scenario 2 before too much damage occurs but it is not happening. Too many revolving door people with a bias. It is just going to mean more harm to them when it does happen.