Playing God?! No Shit?!

http://biz.yahoo.com/bw/050906/65371.html?.v=1
Government Intervention in Stock Market.
The new report ("Move Over, Adam Smith: The Visible Hand of Uncle Sam") concludes that the U.S. government has intervened to support the stock market so many times that "what apparently started as a stopgap measure may have morphed into a serious moral hazard situation, with market manipulation an endemic feature of the U.S. stock market."
The Sprott report does not maintain that the government should never intervene in the stock market; it recognizes that certain emergencies may argue strongly for temporary intervention, such as the 1987 stock market crash and the terrorist attacks of September 2001. But, the Sprott report notes, frequent surreptitious intervention, conducted through intermediaries, the government's favored financial houses in New York, gives those intermediaries enormous advantages over ordinary investors. Frequent intervention, the Sprott report adds also makes it impossible to distinguish between national emergencies and political expediency.
"But a policy enacted in secret and knowingly withheld from the body politic has created a huge disconnect between those knowledgeable about such activities and the majority of the public, who have no clue whatsoever.
"In addition to creating a privileged class, the manipulation also has little democratic legitimacy in the sense that the citizenry has not given its consent. This has tangible ramifications. By not informing the public, successive U.S. administrations have employed a dangerous policy response that is subject to the worst possible abuse. In this regard, the line between national necessity and political expediency has no doubt been perilously blurred.
"We can only urge people to see what the evidence indicates and debate what is and ought to be a very contentious matter. The time for such a public discussion is long overdue."
The Sprott report can be found in Adobe Acrobat format at the Sprott Internet site here: http://www.sprott.com/pdf/pressrelease/TheVisibleHand.pdf
It also can be found at the GATA Internet site here: http://www.gata.org/SprottReportTheVisibleHand.pdf
Contact: Gold Anti-Trust Action Committee
Chris Powell, 860-646-0500