Quote from flytiger:
Of course it is. I wouldn't put it here if it wasn't credible. I've been doing this for a while. I can't talk about details, and I won't. But I've been around long enough where you better consider it.
I came up with the thesis myself. Dont' forget. Dr. Bryne has, for the better part of three years been in DC lobbying these fat bastards to do the right thing. I've got my own contacts. Adn all the information comes back in a circle. We are in deep shit.
On Saturday, in a discussion with an undercover type investigator who has done so much, I said, "we hypothesized for three years how this would end. This is how it ends." I've been waiting for some crazy shit to go down, bloodbath someplace, suicide someplace....... But that's not it. It s'a totally corrupt SEC doing something very drastic that they obviously wouldn't normally do that just may be the bottom. Maybe they caught it in time. I can only hope. But, We couldn't even get them to stop naked shorting, when there was a law already on the books. and they're considering a total ban? They are totally out of control. Hopefully, they know it.
I've debated for a while putting this here, but I will tell you what a contact in DC told me. This was around the time of Aguirre raising hell, so that's late summer of 2006. The guy said, 'there are many enforcement type guys at the SEC who would like to step forward and do the right thing. But they're afraid of catching a bullet."
Chew on that for a while. And yes. Because over three years, that contact has never been wrong. His timing is off. But I think we're days from that timing paying off.
I'm making money, so this has nothing to do w/finances, but in the morning today and yesterday, I thought I was going to puke. We have the most inept government ......... Someday, you'll all know. But you better be scared shitless for yourselves and your families. We're in a horrible mess.
I'm afraid, after reading through all this, it's not at all clear what your thesis is.
It seems entirely natural and not at all sinister that the SEC would want to ban short selling. It's an election year, the job of the Fed/SEC is to see that the markets always go up, and troubles on Wall Street reflect badly on those institutions. It's mainly an exercise in bureaucratic ass-covering. Share prices will go where they're going whether or not shorts are banned.