Thank God the shorts smoked these clowns out, and saved a few retirement accounts from getting raped by these unscrupulous execs.
http://www.deepcapture.com/naked-short-selling-hedge-funds-is-it-esp-or-just-ftd/ BIDZ and Stock Lemon. Now, the dark side will tell you, everything is fair, because they are lousy companies. This is against the law, and when the FTD's come in on ARTC, guess what you'll see? and btw, how about the hundreds and hundreds of real companies they kill. And the other thing, if you spotted ARTC on your own, you either couldn't get a locate, or if optional, you 'd pay thru the nose. They pile on because they have information gained by illicit means.
So how much money did you make there, Slappy? I gave you a freebie. Big market guy like you should have been all over it.
Please take this with a grain of salt. We know BlueHorseShit is much more informed and level headed than Steve Forbes: Steve Forbes speaks in Edison BY ENID WEISS Correspondent Steve Forbes, editor in chief of Forbes magazine and former presidential candidate, gave Wardlaw-Hartridge High School students a crash course in economics on Dec. 1 at the north Edison school. He discussed the current sagging economy, the presidential election, the Federal Reserve, monetary policy, the Internet and the job market of the future, and he did it with enough jokes to hold the students' attention and keep them laughing. Forbes, who was born in Morristown and graduated from Princeton University with a bachelor's degree in history, talked about the publishing empire created by his Scottish immigrant grandfather, B.C. Forbes, who started Forbes magazine in 1917. Nine years later, William Randolph Hearst offered to buy the company, but B.C. Forbes turned the media mogul down. "Then during the Depression, the company [Forbes Inc.] went broke," Steve Forbes told the crowd of 200 students, faculty and board members. "Today's success does not mean tomorrow's success. In the 1960s, GM [General Motors] held back on sales because it feared an antitrust suit. Now it's going to the government with a tin cup." The economy has upswings and downturns, he said, and he predicted the demise of yet more "big names" in media and other industries. The key to surviving the tough times is "to fall back on discipline ⦠and be prepared. Nothing is going to stay the same." Change is necessary, which is why Forbes has pushed his company into webzines and launched new publications to tap into different markets. It's a matter of providing a unique brand or source of information. Forbes laid most of the blame for the country's current poor economy on mark-tomarket and explained the term to students. Mark-to-market accounting is when companies value the assets on their books at the price they would currently sell at. When the credit crisis began, mortgage-backed securities plummeted in value as the underlying mortgages failed. The housing market was booming, the government had printed too much money, and investors poured money into housing, creating "a classic bubble." "Nobody cares about mark-to-market except accountants," Forbes said. "People thought you couldn't lose" when it came to real estate, he said. Then banks, Freddie Mac and Fannie Mae started writing "crazy mortgages." To make matters worse, Wall Street turned a blind eye to the situation and the federal government made more mistakes. Forbes explained, "Most of the losses you read about are not a shortage of cash ⦠. A company can be making money and it still goes broke â only in America. To make matters worse, the Securities and Exchange Commission (SEC) eliminated some stock market rules, allowing "naked short selling," he said. "Short selling allows you to pound stocks into oblivion," Forbes said. "It allows you to sell what you don't own." Forbes said the answer is to eliminate mark-to-market, regulate Fannie Mae and Freddie Mac (nicknames for the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation) and for the federal government to help people remortgage their homes to get lower rates. He continued, "We'll get out of it â¦. This thing will turn around, but the stimulus package doesn't help. It won't be government spending that pulls us out of it." Students asked him questions about how to survive a market downturn, how to succeed in a tough job market, and which market sectors he'd watch for growth. He told them to ask themselves, "How can I do something no one else has thought of? If people say 'It's a dumb idea,' you may be on to something." After his speech, he told the Sentinel that he hopes the students learn "to take risks, because a lot of good things are happening, and if they have versatile minds they'll do well." "I know this stuff is boring, but it's affecting your parents and it'll affect you when you go out in the world," Forbes told the students as he explained monetary policy. They weren't bored. "It was interesting when he said you can't trust your emotions and about the stock market," Abigail Rogers, a freshman from Plainfield, said after Forbes left the school. "My dad's talked to me about it, but I never really understood it until now." Contact Enid Weiss at metuchen@gmnews.com. http://suburban.gmnews.com/news/2008/1218/business/037.html
ARTC announced it will restate additional results as it continues its probe of accounting errors and irregularities. ARTC is recently down $9.64 to $6.59. WOW
Attention Customers who Request Stock Certificates Effective Jan. 2, Scottrade is no longer offering physical stock certificates. This change has been made in response to an initiative by DTCC (The Depository Trust & Clearing Company) to eliminate physical certificates. DTCC will discontinue the issuance of physical certificates for most securities on Jan. 9, and the remaining stocks will only be available in certificate form until July 2009. This is an SEC-approved, industry-wide change that will affect all investors regardless of the brokerage firm issuing the certificates. After July 2009, the availability of physical stock certificates will be dependant upon the discretion of the issuing company, which may make them available exclusively through their Transfer Agent. For more information, you will need to contact the Transfer Agent directly. What this means for you: Scottrade will continue to accept physical certificates for the deposit or sale of stock, but you will not be able to receive a physical certificate. If you primarily trade online and do not normally request the issuance of a physical stock certificate, you will not be affected by this change. ------------------- What does Byrne think about this? I thought this was the yahoo weapon du jour to thwart nss.
How convenient. The DTCC and the SEC come up with this. What could be wrong? They'll be no SEC soon, anyway. Then, we have to get the DTCC. Cuomo is there, that's public. I hear the Feds are too. Obviously, with Madoff making the rules, we have a serious graft problem. Nobody does this kind of stuff without a payoff.
As far as i know, In theory the Naked Short Seller means that borrows a commodity or stock from someone else, and then sells it, hoping to buy it back at a cheaper price, because it is borrowed stock or commodity there would be contract date as to when the stock or commodity has to be returned to the owner, plus the lease rate/interest and fees. The theory is just an excuse but the reality works something like that the Fed orders JP Morgan to crash the Silver market and provides as much funds as is required, JP sells Silver contracts that contain no Silver to companies that are also controlled by the Fed or JP Morgan, Like SLV.
"Naked Short Selling" It's been a peaceful 3 years. "Naked Short Selling" Anyone have any news....? °º¤ø,¸¸,ø¤º°`°º¤ø,¸ bang head here °º¤ø,¸¸,ø¤º°`°º¤ø,¸