To: abletruth
Everyday the SEC allows 6 billion dollars of FTD "Failed To Delivers" to occur. The SEC's stocl borrow program ran by the SEC's DTCC has allowed off shore hedge funds to borrow shares and necver return them in the 13 day period. This has gone on for the last 6-7 years. The DTCC makes a small % of each shares regardless if it is legal or illegal. You are spot on with the above statement. The fraud is in the billions and the SEC lets it happen.
18 posted on
12/18/2005 6:51:05 PM PST by
MeneMeneTekelUpharsin
(Freedom is the freedom to discipline yourself so others don't have to do it for you.)
To: MeneMeneTekelUpharsin
had a run in with the SEC a few years ago.
Wanted to sue them for criminal neglect.
Cant do it.
Drove my co.outt of business and then said
"Oops,we were wrong ,sorry,bye now"
19 posted on
12/18/2005 6:56:37 PM PST by
calljack
(Sometimes your worst nightmare is just a start.)
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