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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: ChanceIs who wrote (112083)	10/17/2008 7:45:36 AM
From: dvdw©	of 206159

1) The SEC decided to get off of its fanny and do some enforcement - targeted at the banking sector exclusively. This was a travesty IMO designed to cause a short squeeze and pass blame elsewhere. If Dick Fuld had been a little more clever and issued about 10X the shares he did in the March time frame, then he might still have a company. To whom did the fault belong in February?? Lehman was trading in the mid $30s back then. the sec had to move to save its favored relationships. The admission that naked short selling was occurring was done out of neccessity...when the long knives were turned against house interests. during the latest attack on big oil, you oil guys saw for the first time the breakdown of market pricing, where huge pools of phantom, desked shares, were used to break into margin accounts creating the desired cascade. this has all been a contrivance....dick fuld was sacrificed, but the system is sustained to prevailing interests. sec has a lot of explaining to do. its oversight of IPO law guarantees they are culpable in the charade that this market has become.

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