thats why they are waiting for another fake terror scam and they will crash the markets and blame it on another arab boogey man.
I also think our holdings at clearing houses are scrutinized ,summarized and regularly dissemiated to Specialists and MMs courtesy the long arm of bribery and corruption.
Keep your chin up, or in my case, chins. There is a lot of stuff we can't talk about. The Eagletech thing was two years in the making, and the first time I talked to Rod Young was 2001. There is plenty more. I can't wait to see the spin the reporters put on that lawsuit. I'll make a couple of calls this afternoon to see how it's progressing. We really need the citizens to recognize the sham that is perpetrated on them daily.
My favorite part in the leaked SEC report, is that the SEC caught the AMEX deliberately falsifying documents to cover up the violations handed to day traders. Had an insider at the SEC not leaked this report, the SEC would have done nothing to assist the public in a matter involving the capital markets. A matter where they knew documents were being deliberately falsified to cover up violations. Wow.
From several sources: There are many low level enforcement attorneys who are there to do a job, who know they are not supposed to get rich. It's when you get above them you get into the politics, and then the coverups. If you watch the Dec 5 Aguirre hearings, Spector grills Berger, Aguirre's immediate supervisor. Berger had taken a job with a big name law firm. Two things come to mind. The obvious coverup that went on is the first, and the fact it was Mack's firm that hired Berger. Second is, why would these firms go to a gov't agency to hire somebody at 300 to 500 a year? Wouldn't you go to Brown, Harvard, Yale, to look for talent? One guy told me these guys toss cards in a hat for that money. They don't do anything. At the conclusion, Spector basically accuses Berger of perjury. He says certain members testimony did not match written statements. This should get very interesting. Maybe we can get a somewhat level playing field, until the next bunch games us.
Are you f**king retarded? No really, go check yourself out. Have you not figured out that the SEC is, was and always has been nothing more than a tool for the big Wall Street firms? Are you living in fairyland where Wall Street is nice squeaky clean operation? Do you actually believe that exchanges were founded on the premise of providing liquidity and not having insider order flow & execution? Your naked shorting crying is getting old. Yes, the logistics have to be fixed but making it out to be the worst thing ever, get real. OSTK is still trading higher than it should be, with all the naked shorts. That POS is even lucky to still be listed on Nasdaq.
I appreciate the fact that many people have always grasped the idea that the SEC is not actually a real regulatory agency to the extent it pretends to be. Also, that the securities industry is, and always has been, the method by which to distribute wealth in a manner that is designed to benefit some and not others. That said, while the system has always been rigged, it's sometimes more rigged than at other times. Meaning that during certain periods, those who are in the position to prosper from this corruption, abuse the privilege to the extreme and it becomes too obvious. As long as the level of corruption can be maintained under the radar, the public at large doesn't get the message. Of late, there has been a lot going on in the securities industry that has leapt off of the financial pages and into generic news in an environment in which more and more people are feeling that corruption has reached a level in which they are obliged or compelled to respond to. At a time like this, people who have gotten screwed or feel they have gotten screwed by this corruption, make assertions of corruption that illuminate an aspect of that corruption and in the doing, call more attention to the overall suspicion. It is my understanding that the last time concentration of wealth was held by so few was just prior to the crash in 29. Your average person is not enjoying the prosperity or security they had expected or that prior generations enjoyed, many feel that this nation has become a country of two classes, one the very rich, the second everyone else who is scrambling and doing without, to one extent or other. No doubt these sentiments are going to cause people hostility towards those who they believe to be contributing to these problems by way of corruption. Whenever these two issues converge, something will happen by way of sacrifice, in order to restore the appearance of fairness. The only question that remains is: who will it be? For those of us who agree that corruption has gotten totally out of control, it matters not which particular issue becomes a vehicle that, along with other evidence, calls for intervention. The naked short issue has clearly received attention, and will continue to, until which time some level of justice is restored. Or maybe the naked short issue will not itself be the precipitating force, but only one of many, that by number can no longer be ignored. Those who believe that we are living in a culture that is so extremely corrupt that something must be done about it, aren't always pissed about the same things. Within the confines of the securities industry, there are factions who are angry about naked shorting, others who feel resentment that they don't enjoy the privileges that are extended the big boys, some who feel that the influence of hedge funds and the privileged information they enjoy, make it that much more difficult for them to trade and places them in peril, and then there are others, like myself, who know people who are so corrupt, dangerous and unstable, we cheer for those who might render a person like this unable to cause further destruction. I would prefer to be someone who is blithe to understand the full extent of how such an utterly insane a person could come to have such influence in this world, unfortunately, I am not. If you don't fall in one of these categories, hats off to you. I'm glad to know that these elements do not conspire to make everyone a victim one way or other. I'll have what you're having.