[abletruth]

invisible...I am not talking about legal short selling. I am talking about naked short selling...as you say two diffewrent animals. The proof is abundant and about to be made public.

A Statement by Bear Stearns' General Counsel Bill Philek -
By DP

On the December 13, 2004 Conference Call regarding regulation SHO, with Peter Murphy, senior managing director of the Bear Stearns Clearing Division in attendance as part of the panel (as recorded and available as audio here - requires Windows Media Player):
"To give you that brief introduction in Reg SHO, the history (of) how we got to where we are today. For the past few years we have been hearing from many different regulators regarding their concerns about the increase in the level of fails that they are seeing. They believe, and they have stated on numerous occasions, that one of the primary causes of the high level of fails was that various participants in the short sale process, prime brokers, executing brokers, clients, were not following already established rules."

Here it is, in black and white. Proof positive that the regulators are aware of violations, are concerned about the increase of violations, and know the cause, and the culprits.

This implicates the entire broker/clearing house/hedge fund network in securities violations, without enforcement actions by Regulators, who instead looked the other way. Exactly what these high level of fails and illegal short sales did to the markets will be determined in State and Federal courts across America. This also implicates the Regulators in aiding and abetting the fraud.

So for any elected officials who doubt that the NCANS take on the problem is, if anything, less alarmist than the situation deserves, I would direct you to the above statement and caution you to think long and hard as to the chronicle of abuses it confirms.

And then decide whether you are part of the problem, or part of the solution.

The source of the info below is www.ncans.net

[Mind-numbed Robot]

I know little of the financial markets but I grew suspicious of shenanigans during the /Clinton administration and especially of Robert Rubins involvement. It was during that time that we had the Enron, Global Crossing, Worldcom, et all, as well as the tech market runup and bust.

I have always been of the opinion that the left sees "capitalism" as crooked and, as a result, when they get power they are truly crooked. The tricks taught by the Harvard economists to the Russians during their transition from Communism to free markets is another example. They showed the oligarchs how to grab the good stuff cheap and control the rest through supposed free market principles. Instead they were studies in corruption.

What part is George Soros likely playing in the games being described here? The left is trying to bring the country down by abusing our freedoms and exploiting our markets.

Seems foolish on their part to destroy what they want to control but they are also playing footsie with the Islamist terrorists who will destroy them, too, if they can.

I know how conpsiratorial that sounds but there is a lot of circumstantial evidence that supports it.