Naked Shorting-Hedge Fund & Market Maker manipulation? Message Board

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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?

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To: kknightmcc who wrote (169)	4/15/2005 1:00:15 PM
From: rrufff	of 5034

Wow - I didn't realize that you were a party. Feel free to post some of the highlights, including pleadings and docket and status here. Overall, I don't have a lot of confidence in the legal system changing an entrenched structure. Judges don't like to rock the boat and will likely defer and claim the SEC is the one to make the rules given a very ambiguous history. They will hide behind ancient concepts such as privity of contract rather than change as an activist court. I'd like to see all the money spent on lawyers, spent on lobbying Congress and the news media, as well as individual state politicians like Spitzer. As an attorney, I have grown increasingly frustrated with how difficult it is to get anything done in court. It is probably the most inefficient arm of government and gradually becoming the most expensive.

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