The SEC's demonstrated inability to do its main job of protecting individual investors raises insurmountable questions about why ANYONE would believe or rely on anything they have to say about a topic as complex as intelligence assessment. The time period parsing of this self-serving statement, designed to keep US and other investors at their trough and not someone else's, makes it almost meaningless.
Uncountable sources have identified unexplained spikes in trading of all sorts of securities ranging from physical commodities, to futures on indexes, to options on various airline stocks and particularly UAL, to huge volumes of shorts in almost uncountable numbers of stocks and options both here and abroad for the months up and following 9/11, no matter what these asses have to say.
Knowing more than just a little about this space, I am totally unaware of any operational or analytical capability with regards to intelligence gathering or assessment within the SEC. I would be slightly more impressed by such statements if they came from the FBI, whose focus is too domestic to make an international assessment, or the CIA, whose focus is too international with no allowed focus on domestic (as they are blocked by Law from being involved with).
Having said that, neither of these organizations is exactly above criticism for the way they have done their jobs. Having worked in the Government, I know too that is not totally their fault, as you can't do a job if you aren't given the money and resources to do it with, particularly if your President is too busy getting his whistle blown to pay any effing attention.
Let's not forget our Senatorial and Congressional oversight committees and elements, who certainly haven't been carrying their oversight weight. Their failures of oversight border on the Biblical. These multiple units need a harsh proctoscopic examination under scopolamine, since most of them are pathological liars, and in turn, that is logical as most of them are career political lawyers. Helps you to understand why 85% of the clients of Dominatrices are lawyers.
Ultimately, I know my background, and I will trust my judgment of these matters over yours, as I am already widely on the record about these matters, and not one, NOT ONE, credible or responsible agency or investigator has challenged my assertions directly or indirectly, and indeed, the most credible person I have indirect access to not only told an extremely significant third party I was right, but right beyond my wildest imagination.
You all are going to be taken to school here. By the way, I have never had a problem with legitimate shorting by the old rules, just counterfeiting as it is conducted by naked shorts with DTCC support through its Stock Borrow program's re-hypothecation. Since none of you appear to have any kind of research industry background, just understand that such counterfeiting completely destroys the fundamental validity and meaning of formal stock research and related regulatory reporting.
The self-interested and conflicted industry and regulatory clowns who wanted "Global Markets" never made allowance for the fact that the offshore players they would attract would not be bound by US law or our rules. Then again, they didn't care as long as they profited. For the injury they have allowed to be inflicted on the US investing public, they should be given the garrotte slowly, speaking only figuratively of course. That is, of course, following their castration with a rusty hacksaw blade.
Prison and forfeiture of their assets would be much harder on them, particularly the forfeiture of the ill-gotten gains. It is typical of these kind of sociopaths they would sooner give up their sexual identity to a predator, than give back the money they have stolen.
We live in interesting times, again the lift from a quote from the Chinese that is their equivalent of f--- you.
The real tragedy here is that there will never ever be any restitution to the injured, financially raped parties. They deserve their justice, but I doubt they will find that in any Court, not with the interest those Courts have in protecting the Status Quo. The good news here is that we are going to see a lot of lawyers who give other good ones a bad name go to real prison. DOJ is actually allowing their prosecution, against a long standing policy of trying to protect lawyers.
I refer back to a time before some of you would remember, but I never saw a tax shelter that didn't have a qualified legal opinion letter or qualified tax law opinion status. That, of course, gave absolutely no protection to their victims, and of course, you never saw their SEC and Tax lawyers be prosecuted, just the individuals who bought their trash.
I have lawyer friends, but even they say the SEC must go away, and be replaced by two or more new entities that have oversight, not only of companies, brokers, etc., but also of one another. Today, the SEC and its outside certified SEC lawyers have a "go along to get along" mentality reminiscent of the Chinese Mandarins. Neither want the current gravy train that is SEC practice tinkered with in a way that might impact their income. Self interest will out.
As I have said before, they need a history lesson about the "disposition" of the Mandarins by Mao.
I apologise to the right people here for the lack of levity in this post. To the others: Eat me.
Looking for the Light, I remain,
LOL
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