Breaking News: SEC FINALLY Bans Naked Short Selling - Flytiger Vindicated
- Thread starter aeliodon
- Start date
I can't believe how these Banks are whining and running for protection now that what they do to others is happening to them. Makes me want to vomit, seriously.
They shoiuld be shown as much sympathy as they show people on the recieving end of naked shorting/FTD only made possible by I-Banks facilitatiing it.
Same with commercial banks, they should be shown the same sympathy they show someone with a good payment record who misses because he lost his job [NONE].
They shoiuld be shown as much sympathy as they show people on the recieving end of naked shorting/FTD only made possible by I-Banks facilitatiing it.
Same with commercial banks, they should be shown the same sympathy they show someone with a good payment record who misses because he lost his job [NONE].
They aren't done yet. Usually these agencies make cases, then pass the files around. If there are criminal acts involved, and there have been, the documents are already in the hands of Justice.
Within a very short period of time, you will some of the high and mighty with cuffed hands shielding faces from the onslaught of liquored up journalists who patiently waited for the infamous 'perp walk'. Curshen wasn't a big name. But he was a big, big player. He had to do those trades somewhere, and with somebody breaking the rules. If they got indictments on him, they know where he did his business. And if they don't, he's told them.
I do not necessarily have sympathy for Mack, or anyone else. But they have the ships we need. So, let's remove the crooked crew, and staff the places with honest capitalists. A fair day's pay for a fair day's work. We wont' catch them all. Never do. But let's leave an impressioni.
As Patrick Bryne says, "let's be sure this can't happen again for another 100 years.'
Go to the part where the Deepcapture undercover guy goes into Costa Rica. That was four or five years ago. Curshen was arrested in NY 9/4. Bad part? All this took a long time. Good part? That time is done. Time to pick the fruit.
BTW, that guy is one mean, miserable son of a bitch. LOL. Glad we're on the same team.
"Within a very short period of time, you will some of the high and mighty with cuffed hands shielding faces"
Unlikely, that would be tantamount to justice. these people are rich and powerful i.e above the law in the New America. Any hearings will become just another thing that is too sensitive for the American public. Refco hearings are behind closed oors for a reason - something to do with their naked shorting facilitation perhaps? Their CEO was a Brit so an example could be made. Npot so with this lot.
Unlikely, that would be tantamount to justice. these people are rich and powerful i.e above the law in the New America. Any hearings will become just another thing that is too sensitive for the American public. Refco hearings are behind closed oors for a reason - something to do with their naked shorting facilitation perhaps? Their CEO was a Brit so an example could be made. Npot so with this lot.
Quote from piezoe:
Don't delude yourself. Though there are elements of free market capitalism existing in the US (particularly with regard to small businesses.) In the broad economy, we've been very far from free market capitalism for a long, long time. Our government is a government by and for big businesses and special interest groups with money or voting clout, such as the AMA AARP AHA, etc. We are just as far from free market capitalism as socialism is. I'm not taking any position here re good or bad, just pointing out reality. In true free market capitalism the customer or client can vote with their feet. But to make that work you have to have a government that serves as a watchdog to prevent cartels and monopolies and keep the market place truly open. The managed (poorly at times) economy of the American Republic is far from the free-enterprise capitalist model. One could even say that attempts by the Reagan and latter Bush administrations to move the US toward a capitalist model (in their minds at least) by removing or ignoring regulation, have so far proved to be utter failures. And that's to be expected, since, ironically, to have any hope of maintaining free markets you have to have very strong government oversight and regulation. The exact opposite of what the Reagan and Bush administrations attempted. [/QUOT
Well said!
This rule is only valid for two weeks. SEC will cancel this rule on Oct. 1st.
src: A very important person
src: A very important person