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Breaking News: SEC FINALLY Bans Naked Short Selling - Flytiger Vindicated
- Thread starter aeliodon
- Start date
Quote from flytiger:
14:40 MS Morgan Stanley: CNBC reports that John Mack saying he is talking to SEC about Shorts driving down stock and talking to holders of shares to prevent loaning of stock (20.30 -8.71) -Update-
they're turning on easch other now.
He can't stop the loaning of shares held in retail margin accounts. The SEC must surely be telling him to get lost on this one.
Didn't seem to bother him when he was killing me.
14:55 MS Morgan Stanley Memo says 'there is no rational basis for the movements in our stockâ - WSJ Deal Journal (19.95 -8.75) -Update-
WSJ Deal Journal reports today, Morgan Stanley CEO John Mack acknowledged to employees the dire movements in Morgan Stanley's stock and re-assured employees. Here is the memo: "I know all of you are watching our stock price today, and so am I. After the strong earnings and $179 billion in liquidity we announced yesterday - which virtually every equity analyst highlighted in their notes this morning - there is no rational basis for the movements in our stock or credit default spreads. What's happening out there? It's very clear to me - we're in the midst of a market controlled by fear and rumors, and short sellers are driving our stock down. You should know that the Management Committee and I are taking every step possible to stop this irresponsible action in the market. We have talked to Secretary Paulson and the Treasury. We have talked to Chairman Cox and the SEC. We also are communicating aggressively with our long-term shareholders, our counterparties and our clients. I would encourage all of you to communicate with your clients as well - and make sure they know about our strong performance and strong capital position. I'll be hosting a town hall tomorrow morning at 8:30 a.m. EDT to address any questions that you have, and would encourage all of you to participate in that discussion. Viewing details are available on Morgan Stanley Today."
14:55 MS Morgan Stanley Memo says 'there is no rational basis for the movements in our stockâ - WSJ Deal Journal (19.95 -8.75) -Update-
WSJ Deal Journal reports today, Morgan Stanley CEO John Mack acknowledged to employees the dire movements in Morgan Stanley's stock and re-assured employees. Here is the memo: "I know all of you are watching our stock price today, and so am I. After the strong earnings and $179 billion in liquidity we announced yesterday - which virtually every equity analyst highlighted in their notes this morning - there is no rational basis for the movements in our stock or credit default spreads. What's happening out there? It's very clear to me - we're in the midst of a market controlled by fear and rumors, and short sellers are driving our stock down. You should know that the Management Committee and I are taking every step possible to stop this irresponsible action in the market. We have talked to Secretary Paulson and the Treasury. We have talked to Chairman Cox and the SEC. We also are communicating aggressively with our long-term shareholders, our counterparties and our clients. I would encourage all of you to communicate with your clients as well - and make sure they know about our strong performance and strong capital position. I'll be hosting a town hall tomorrow morning at 8:30 a.m. EDT to address any questions that you have, and would encourage all of you to participate in that discussion. Viewing details are available on Morgan Stanley Today."
Quote from flytiger:
14:40 MS Morgan Stanley: CNBC reports that John Mack saying he is talking to SEC about Shorts driving down stock and talking to holders of shares to prevent loaning of stock (20.30 -8.71) -Update-
they're turning on easch other now.
What about pension funds that lend stock? Wall Street sold the long stocks to the pension funds and then offered interest on lending the position out. What is Mack going to do?
Quote from nutmeg:
What about pension funds that lend stock? Wall Street sold the long stocks to the pension funds and then offered interest on lending the position out. What is Mack going to do?
If you had been following along for three years, instead of arguing withme, I spoke of Vodiagroup and Josh Galpin, who said that because Goldman and the boys faked it, kinda like your wife, they didn't pay fees owed to State St. custodian for the nations ' pansion funds. I can't remember the number. It was huge.
In the next couple weeks, the American people are going to be told about this in no uncertain terms. It's like cancer. You won't believe where it's going to spread.
PS. I still love your sick demented fucked up sense of humor. Are you the Bobo theclown the kid in the 'Etrade commercial hires? Http://www.rimshot.com
Quote from hughb:
He can't stop the loaning of shares held in retail margin accounts. The SEC must surely be telling him to get lost on this one.
Thy know not of which they speak.
John Mack knows some wealthy people, and I'm sure he's not calling Joe Shit the Ragman to move ten shares. He's calling Directors, his pal Art over at Pequot.
He also knows 144 stock is lent out. Well, I should say, I know that, so I assume he does. So he's probably having all directors and such pull shares.
http://www.deepcapture.com/index.php?s=curshen
Read first few paragraphs here. Later, I'll go , I think it was Eastern Dist of NY to get the rap sheet.
Read first few paragraphs here. Later, I'll go , I think it was Eastern Dist of NY to get the rap sheet.
http://www.marketwatch.com/news/sto...EA343A-11BD-4264-B468-B07C3A97A50A}&dist=hppr
Pay attention to the part abou t a Congression Investigation. I have the man to be prescient at times.
Pay attention to the part abou t a Congression Investigation. I have the man to be prescient at times.