A Sanity Check on Naked Shorting:
thesanitycheck.com
New Market Reform Petition Now Live
Location: Blogs Bob O'Brien's Sanity Check Blog
Posted by: bobo 10/10/2006 7:32 AM
A petition has been created so that investors can underscore their demands for a fair market system.
Please take out a few moments, and read it, and sign it - and then propagate it to every chat room, message board, blog, email list you can think of.
The idea is to get thousands of names, and then send it to Congress, after creating awareness of it in the media.
It can be viewed here:
petitiononline.com
We received well over 1100 signatures for the NCANS letter in just a week. Anyone that signed that letter - go affix your name to the petition. And spread the word. Tired of being screwed by Wall Street, and the regulators chartered with protecting you? Stop whining. Sign the petition. Do something. Now.
--------------------
A landmark event will be taking place next week, and I heartily encourage everyone who can, to go.
It is "Naked, Short, And Greedy" taking place in Los Angeles, October 19. Featured will be Dr. Susanne Trimbath, Dr. Patrick Byrne, and Arne Alsin. This is a not to be missed event.
Why not take out a moment and send this to every journalist you can think of whose expressed interest in the topic? It promises to be a stellar gathering, and hugely revealing...
Copyright ©2006 Bob O'Brien
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Re: New Market Reform Petition Now Live By cmkx on 10/10/2006 8:06 AM
Another Floyd article.
stockwatch.com
Re: New Market Reform Petition Now Live By denverpost on 10/10/2006 8:20 AM
denverpost.com
denverpost.com
Re: New Market Reform Petition Now Live By msucog on 10/11/2006 3:51 PM
ironically, that only empowers those that are so crooked and short in the market more....
Question about naked shorts and dividends. By newspaper on 10/11/2006 4:00 PM
Correct me if I am wrong please.
Lets take NFI for an example
Do naked shorts pay back the dividend? If they are hidden and no one knows what their numbers are I would guess no.
Imagine there are almost as many naked shorts or more shorts than the entire float- they would pay the entire (or most of the) dividend and NFI would not lose a dime. In effect if there are more shorts than shares NFI would make money here.
Also is there not a lending charge separate from the dividend repayment? How much money does that lending charge bring in and to whom?
My guess here is that naked shorts DO NOT pay a lending fee or the dividend repayment.
Re: New Market Reform Petition Now Live By davidn on 10/11/2006 5:00 PM
If it is cash, shorts and counterfeiters will make a cash payment equal to the dividend. Obviously, a dividend discourages them unless they can make money on the options by manipulating the share price.
The lender receives the current value of the shares and is able to collect interest on this cash. This collateral goes up and down over time as it is marked to market.
If the company pays a non cash dividend, then typically the buyers who don't own shares in certificate form get nothing.
An example would be if Microsoft dividended out MSN as a new pre IPO non trading public company (public because it has more than 50 shareholders) and required the beneficial owners to be registered as shareholders of the new non trading entity. If there were more beneficial owners than shares, then some beneficial owners would get nothing and would have to sue their brokerages.
You'd think the counterfeiters would buy shares in the public parent to cover their problem, but that would cause a squeeze and might cost them money and they would just refuse to do that.
Many small companies have dividended out rights, shares, product lines, etc. and typically the counterfeiters just refuse to honor their obligations.
Your best protection is to own shares in certificate form.
Re: New Market Reform Petition Now Live By davidn on 10/11/2006 5:02 PM
I would think the lawyers could have a field day when shares aren't delivered as evidenced by the inability to get a certificate. If the stock goes down, shouldn't you be able to repudiate your agreement with your brokerage as you have received no consideration (shares) and get a full refund?
The place to start is to sue the smallest brokerages first in state court.
Re: New Market Reform Petition Now Live By Alvin Weiss on 10/11/2006 5:47 PM
Yes I would like to see short selling of shares stoped.
Re: New Market Reform Petition Now Live By Little Bo peep on 10/11/2006 6:02 PM
LOU DOBBS GROWS UP says:
both are bought and paid for by corporate America and special interests. And neither party gives a damn about the middle class.
Damn!
My sheep and I are cleaning our ears now.
listen to the music.........
I think 5% could be honest in both parties Lou...
oh my.
Re: New Market Reform Petition Now Live By Sean on 10/11/2006 9:33 PM
FYI!!
TD AMERITRADE HOLDING COR (AMTD: NASDAQ)
Avg Volume (10 days) 3,650,820
Todays volume: 45,764,197 16.82 -2.28 (-11.94%)
ETRADE FINANCIAL CORP (ET: NYSE)
Avg Volume (10 days) 2,938,120
Todays Volume: 29,255,400 22.31 -2.15 (-8.79%
Re: New Market Reform Petition Now Live By Too Busy To Govern on 10/11/2006 9:39 PM
AP Exclusive: Reid Got $1M in Land Sale
Oct 11, 7:50 PM (ET)
By JOHN SOLOMON and KATHLEEN HENNESSEY
WASHINGTON (AP) - Senate Democratic leader Harry Reid collected a $1.1 million windfall on a Las Vegas land sale even though he hadn't personally owned the property for three years, property deeds show.
apnews.myway.com
Re: New Market Reform Petition Now Live By Brother Can You Spare Fifty Bucks on 10/11/2006 10:03 PM
``I should have picked a less stressful job, like bomb defusing,'' says Ragazzo, a commodities broker at East Coast Options Services.
..
Hedge funds have pumped up prices and trading in copper, natural gas and even cocoa, traders say. Richard Bernstein, chief investment strategist at Merrill Lynch & Co., found in June and July that many commodity prices were 20-50 percent higher than they should have been because so much hot money had flooded in.
``We used to think 200 contracts was a big trade, but hedge funds put on trades with 2,000 contracts,'' says Michael Overlander, a 30-year veteran of the pits and co-founder of Sucden (UK) Ltd., a London-based commodities brokerage. ``They come in bullish and keep the market up, but when they turn, you can see some pretty severe reactions.''
quote.bloomberg.com
Re: New Market Reform Petition Now Live By I Got Mine on 10/11/2006 10:14 PM
And now, according to an article in Forbes, another potential disaster is brewing on the horizon, over something called "credit default swaps" and hedge funds reportedly account for 58 percent of all trading in these derivatives.
A credit swap is sort of an insurance policy on a bond, often a junk bond. If the bond defaults, the seller of the credit default swap has to pay up.
According to Forbes the total amount of bonds, loans and other debt covered by credit default swaps is $26 trillion or twice the annual economic output of the U.S. which means if the economy goes into a recession, the hedge fund industry will be in trouble ... and so will its investors.
consumeraffairs.com
Re: New Market Reform Petition Now Live By Tax Shelters Art Us on 10/12/2006 4:00 AM
NY Times
October 12, 2006
Mr. Griffin, managing director and chief executive of the Chicago-based Citadel Investment Group, and his wife, Anne, bought “False Start,” a seminal 1959 work by Mr. Johns, for $80 million. Mr. Cohen, the founder and manager of SAC Capital Advisors in Stamford, Conn., purchased de Kooning’s “Police Gazette,” an abstract 1955 landscape, for $63.5 million.
Re: New Market Reform Petition Now Live By piddly_sum on 10/12/2006 4:45 AM
Let's not stop asking others to add their name to the petition until we are over 10,000 people.
That number is more than 20 people per Representative and 200 per Senator. They know if that many people took the time to do this, it is an issue they should not ignore!
When we make it to 10,000, then we'll set a new goal. Surely, the number of shareholders in Reg SHO companies alone is in the tens of thousands.
Re: New Market Reform Petition Now Live By SteveM on 10/12/2006 5:40 AM
forbes.com
DTCC General Counsel Larry Thompson said,
"Short-selling and naked short-selling are trading strategies and are not connected to the post-trade clearance and settlement of securities transactions.”
Bank borrowing and bank robbery are financing strategies ...
Please!!!
Re: New Market Reform Petition Now Live By stinky kicking shoes on 10/12/2006 7:10 AM
A top adviser and fundraiser for Democratic Gov. Rod Blagojevich was charged in a federal indictment unsealed Wednesday with scheming to collect millions of dollars in kickbacks from companies seeking to do business with the state.
Businessman Antoin "Tony" Rezko was charged with operating a fraud scheme in which he, millionaire political contributor Stuart Levine and other insiders used Levine's position as a member of two state boards to pressure companies to pay kickbacks in exchange for state business. Levine is among those previously charged in the case.
washingtonpost.com
Re: New Market Reform Petition Now Live By gregcable2002 on 10/12/2006 7:38 AM
PayPro, Inc. announces NOBO review results.
THURSDAY, OCTOBER 12, 2006 11:10 AM
- BusinessWire
PYPR
DALLAS, Oct 12, 2006 (BUSINESS WIRE) -- PayPro, Inc. (Pink Sheets:PYPR) CEO Mike Terrell stated, "After careful review of the NOBO and DTC lists we believe there is a major short position hurting our shareholders and the company. I have reported the Market Makers and brokers I believe to be illegally shorting our stock. The Board of Directors is considering a reduction of the authorized and outstanding shares and a possible share buyback at this time to protect our investors. In our opinion there are certain Market Makers and brokers deliberately hurting our stock, and our investors, and to that end I have filed complaints with the NASD."
Re: New Market Reform Petition Now Live By Corruption Galore on 10/12/2006 7:41 AM
Does this government of ours have anyone that isn't corrupt? With 34,000 bribers er... lobbyists I wouldn't think so.
Would they please stand up for us and be counted.
Re: New Market Reform Petition Now Live By gregcable2002 on 10/12/2006 7:41 AM
We need to have all public companies do a audit of who it is that really owns real shares in thier companies.
*** CRFN.NET at 1:00PM EST *** By InTheKnow on 10/12/2006 8:11 AM
Naked, Short, & Greedy
by Mark Faulk Thursday, October 12, at 1:00 PM EST, I will be doing a special edition of The Faulking Truth on CFRN.net. My guests will be Overstock CEO Patrick Byrne and Dr. Susanne Trimbath, and economist with operations management experience at DTCC and the Pacific Clearing Corporation. We will discuss the topic of stock market fraud and recent events that have occurred in the industry, and we’ll talk specifically about the October 19 conference that both Bryne and Trimbath will participate in entitled “Naked, Short & Greedy: IS WALL STREET ABUSING THE PRACTICE OF SHORT-SELLING STOCKS?” The show will be available for download at ########.com after the show. Out of over 25,000 podcasts on ########.net, CFRN is now the number two most popular show, beating out Jim Cramer’s Real Money and Kudlow and Company.
*** CFRN.NET at 1:00PM EST *** By InTheKnow on 10/12/2006 8:13 AM
Correction on heading *** CFRN.NET at 1:00PM EST ***
*** West Coast Forum *** By InTheKnow on 10/12/2006 10:35 AM
If you are on the West Coast you must attend this event and meet Patrick Byrne, Susanne Trimbath and Arnie Aslin and have them answer all your question:
stpadvisors.com
Re: New Market Reform Petition Now Live By Lucky Al on 10/13/2006 9:59 AM
I notice on the list of Petitioners there are several duplicated names. #759 & 760; 885 & 886; 894 & 895.
Re: New Market Reform Petition Now Live By Ted pertsinides on 10/15/2006 8:34 AM
Bob i want to thank you from the bottom of my heart,this is really a wake up call america better wake up!!!!!!!!!!!!!!!!
Appreciate that,thanks!!
Re: New Market Reform Petition Now Live By Tom perstinides on 10/15/2006 8:43 AM
Please stop this lunacy now!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Re: New Market Reform Petition Now Live By ckza on 10/15/2006 12:28 PM
Lou does great work, but he must do better. He must educate the people what to do. One of the first things, would be the abolishment of The Federal Reserve, to which there is nothing Federal, and dubious reserves. Yes, in order to beat the global elite, the U.S. Government through their citizens must gain control of the bank, and the printing presses once again. If I am not mistaken, I think Alex Jones was escorted out of a Governor Bush rally in Texas, circa 1997, for asking a similar question to then Governor Bush. I also enjoyed his escapades with the reknowned political advisor, David Gergen.
Remember Andrew Jackson; "I killed the bank."
Oh, and second on the list, after the abolishment of the Federal Reserve, is the SEC! imo
Re: New Market Reform Petition Now Live By Robert J. Lamp on 10/16/2006 6:53 AM
I too have been had stock hammered by naked short operatives. Legislation is needed to curb this kind of activity.
Re: New Market Reform Petition Now Live By john E. Hines Investor on 11/2/2006 7:06 PM
I frequently buy new small companies. I have lost heavily ( 90%) on two of them due to manipulation.
Re: New Market Reform Petition Now Live By MICHAEL SHEA SR on 11/6/2006 5:01 PM
CLEAN UP THE S.E.C. AND MAKE THEM ENFORCE THE RULES THAT HAVE BEEN INSTITUTED TO PROTECT INVESTORS. THE ONLY PRACTICAL SOLUTION TO THE PROBLEM OF SHORT SELLING THE MARKET IS FORCING BUY- BACKS AND IMPOSING STIFF FINES ON VIOLATORS. ABOLISH THE GRANDFATHER LOOPHOLE!!MAKE EM PAY!
Re: New Market Reform Petition Now Live By MICHAEL SHEA SR on 11/6/2006 5:06 PM
CLEAN UP THE S.E.C. AND MAKE THEM ENFORCE THE RULES THAT HAVE BEEN INSTITUTED TO PROTECT INVESTORS. THE ONLY PRACTICAL SOLUTION TO THE PROBLEM OF SHORT SELLING THE MARKET IS FORCING BUY- BACKS AND IMPOSING STIFF FINES ON VIOLATORS. ABOLISH THE GRANDFATHER LOOPHOLE!!MAKE EM PAY!
Re: New Market Reform Petition Now Live By Jeff W on 11/13/2006 5:43 AM
This needs to stop so small investors have a fair chance in the market. We can't rely on the SEC or Gov't and crooked brokerage firms that are in bed with the lousy media..
Re: New Market Reform Petition Now Live By What We Want on 11/23/2006 3:05 AM
We want "confirm or deny" removed from the SEC's vocabulary and we want all criminals who steal from us prosecuted to the fullest extent of the law, which we want to mean, locked up and throw the key away.
Re: New Market Reform Petition Now Live By John Mares on 11/24/2006 2:22 PM
i have been investing in stocks for almost fifteen years, and I am loosing confidence in the markets. Please stop the manipulation.
Re: New Market Reform Petition Now Live By Miguel Rosario on 11/25/2006 12:02 PM
"New kid on the block" a novice that can see through the darkside of the looking glass.
Re: New Market Reform Petition Now Live By WILLIAM K FOWLER on 12/1/2006 12:43 PM
PLEASE CLEAN UP THIS CROOKED MESS! MANIPULATION AND NAKES SHORTING HAS GONE ON FAR TOO LONG. NAKED SHORTINGHAS RUINED HUNDREDS OF COMPANIES AND COST AMERICANS COUNTLESS BILLIONS OF $$$$$$$$$$$$.
Re: New Market Reform Petition Now Live By Big John on 12/6/2006 7:53 PM
I and two of my fellow investors and chat board friends have been BANNED from several chat boards because we PROMOTED "The Petition" ! Wall Street Runs most of the finance chat boards...When people start violating your first amendment rights FREEDOM of SPEECH, You Know your hitting them where it hurts!
Re: New Market Reform Petition Now Live By Todd W. Hillier on 12/9/2006 4:19 PM
Let's get these crooks!!!
International Financial Research Analyst By John Saxon on 12/13/2006 12:17 AM
....The problem is much MUCH bigger. Every concerned American needs to view Aaron Russo's New Film "AMERICA:Freedom to Fascism" It really enlightens americans how far down the slippery slope we have slid. it spells out what we all need to do and how to do it. Free Viewing of this film on Google at this link video.google.com
Re: New Market Reform Petition Now Live By Girl on 12/13/2006 10:22 PM
Debi Kiontke: cmkxtruthandjustice.blogspot.com
Re: New Market Reform Petition Now Live By jerry on 12/22/2006 7:00 PM
i want to watch the darkside of the looking glass slide show and it doesn't work on this web site , will you please email a working link to
pooleman@aol.com
thank you
Re: New Market Reform Petition Now Live By joe on 1/14/2007 1:54 AM
I lost money in alot of stocks due to people shorting. It's almost or as great if not greater than actual buying. except it should not be allowed. people work hard to grow their businesses and I feel shorting should not be allowed and is concidered stock trading abuse!!!!
Re: New Market Reform Petition Now Live By Larry Cooke on 1/24/2007 5:13 PM
You did a great job and was quiet informative.Yes,we need a massive reform.There are many deliberate hidden rules centering stock trading that are not disclosed.They are not shown because,symply,people won't buy.Then,as you tolked about,there are the inocent grannies that invest their life savings only to lose everything...I'd love to hear you do one on ENRON....Thanks for the great job.....Larry C.
Re: New Market Reform Petition Now Live By James R. HoltonI hope that on 1/25/2007 6:07 AM
I hope this can put a stop to naked short trading. It is so unfair to the companies and individual investors.
Re: New Market Reform Petition Now Live By Henry Waloshin on 2/1/2007 3:31 PM
It is time to stop the theft-crime -and corruption of our markets. The people in charge can do it if they want to. They should be treated like every other citizen or worker. If you can't do your job that you are suppose to then you're fired. If they are crooked and corrupt as suspected then it is time to get someone in to fix the problem.
Re: New Market Reform Petition Now Live By cw on 3/28/2007 7:18 AM
I believe the system is so corrupt it will take an economic[dollar collapse] for the average American to regain freedom and opportunity.I believe the politicians are duplicitous and know how each snap fastens, theirs, the big banks, and the Fed. Reserve.If we can get someone who has a light to start shining it then we may see a takedown because no one will want to appear to be a traitor to the American people.One must remember the corporatocracy only has power as long as we the people say they do.
Re: New Market Reform Petition Now Live By cw on 3/28/2007 7:18 AM
I believe the system is so corrupt it will take an economic[dollar collapse] for the average American to regain freedom and opportunity.I believe the politicians are duplicitous and know how each snap fastens, theirs, the big banks, and the Fed. Reserve.If we can get someone who has a light to start shining it then we may see a takedown because no one will want to appear to be a traitor to the American people.One must remember the corporatocracy only has power as long as we the people say they do.
Re: New Market Reform Petition Now Live By Donald B. Kilmer on 3/29/2007 11:27 AM
Until the SEC wakes up nothing is going to change. Glad to see folks specking up about this criminal activity.
Re: New Market Reform Petition Now Live By fred ramsebner on 3/29/2007 12:58 PM
You know "NAKET SHOT SELLING" is criminal ,so please don't sit any longer on your brain and correct this greed .You go back again to listen to the crooks that will do anything to cover theyr ****.
Re: New Market Reform Petition Now Live By Rufus Henscheid on 4/8/2007 4:46 PM
Cannot believe what is going on in the market as to stock manipulation and naked shorting and seemingly little being done effective. A poor man can steal to feed his hungry family and get caught and put in jail for years away from his family, and these stock traders can steal billions and go free. JUST WHAT ON EARTH IS GOING ON IN OUR USA ? CONGRESS, PLEASE GIVE US SOME ACTION
Re: New Market Reform Petition Now Live By old1man on 4/27/2007 11:01 AM
Have been thrown off Raging Bull. I am long time supporter of Rodney E. Young. I look frward to makin friends on this blog.
Re: New Market Reform Petition Now Live By Paycheck512 on 6/12/2007 5:20 PM
To whom this may concern;
Please stop the corruption that plagues the moral fiber inside Wall Street. Stop the naked shorting tha falsley manipulates share prices and give the markets a breathe of fresh air by duely making fairness a top priority.
Re: New Market Reform Petition Now Live By James Reilly on 6/12/2007 6:56 PM
After owning DNDN and being robbed for 57 straight days now I have given up on investing in US securities.The contempt shown toward the SEC by Wall Street is outrageous but is no wonder with the SECs lack of enforcement.The SEC is truely a laughing stock among law enforcement.I never thought I would see the day where it was legal to steal from the hard working middle class but that is exactly what is going on!
Re: New Market Reform Petition Now Live By VIRAKILLER on 10/10/2006 10:07 AM
Can those that are SUPPOSE to represent us PLEASE REPRESENT US.
Re: New Market Reform Petition Now Live By CMElec on 10/10/2006 10:15 AM
VIRAKILLER, they don't have time to represent us. They are too busy constantly packing their greed larders full. CMElec
Re: New Market Reform Petition Now Live By sealman29 on 10/10/2006 10:22 AM
Bobo, thank you for your ongoing efforts and hard work to curb the NSS/FTD abuses and restore fairness and equity to our capital markets. Thank your also for hosting this blog site and helping investors understand the true nature and extent of the Wall Street GREED and CORRUPTION.
You deserve international praise and recognition for your leadership and dedication to this cause.
Thank you.
Re: New Market Reform Petition Now Live By VIRAKILLER on 10/10/2006 10:25 AM
SEALMAN29 you are right about that Bobo is a TRUE AMERICAN unlike these
other "false" leaders that lie-cheat-and steal
Oct 19th in LA is gonna be a hell of a show Rember to bring your baseball bats
Re: New Market Reform Petition Now Live By jojo on 10/10/2006 11:03 AM
It is "Naked, Short, And Greedy" taking place in Los Angeles, October 19. Featured will be Dr. Susanne Trimbath, Dr. Patrick Byrne, and Arne Alsin. This is a not to be missed event.
totally agree. taking place in kali...land of big screen media & IT.
hey anyone out in kali, help to transmit this out to the people. let's see what all that IT can do.
kali, you got the media. now there's the message in your laps.
beam us up kali.
now i'm going to read & sign that petition
Re: New Market Reform Petition Now Live By C.S. on 10/10/2006 11:41 AM
There is definitely an opportunity to get media attention at this event.
Re: New Market Reform Petition Now Live By kevin on 10/10/2006 12:37 PM
Liz, if you are reading this, thank you!
forbes.com
Re: New Market Reform Petition Now Live By virakiller on 10/10/2006 12:50 PM
hey America
I can GUARANTEE AT LEAST ONE FILMCREW will be there just got the word
We will make sure ALL OF AMERICA sees this and helps us stop it
Will see you there
Re: New Market Reform Petition Now Live By rtway1 on 10/10/2006 2:39 PM
Thanks again for the 100th time. Bobo you are the man.
Re: New Market Reform Petition Now Live By msucog on 10/10/2006 3:08 PM
i'm fairly certain that liz is aware of this site and the info available on it...i hope to see more articles on the subject and the widespread corruption/manipulation in general...
Re: New Market Reform Petition Now Live By Dirty Words on 10/10/2006 4:58 PM
I hope this word passes the obscenity meter
Restitution
Re: New Market Reform Petition Now Live By snoopy finds stinky on 10/10/2006 6:52 PM
News that the US Department of Justice is sniffing around American private equity firms is likely to send shockwaves through the industry which is enjoying a bumper year.
business.timesonline.co.uk
SHAREHOLDER groups accused the American private equity industry of trying to steal public companies last night as the Department of Justice (DoJ) launched an inquiry into alleged cartel practices among the funds.
The New York branch of the DoJ has begun an inquiry into whether leading private equity funds have engaged in anticompetitive behaviour.
business.timesonline.co.uk
Re: New Market Reform Petition Now Live By lobby group will not save your asses on 10/10/2006 7:29 PM
``It's very serious for the buyouts firms as this investigation could last up to a year,'' Sean Boland, co-chair of the antitrust practice at Washington-based law firm Howrey LLP, said in a telephone interview.
LBO firms have teamed up on $201 billion of acquisitions this year, compared with $31 billion in all of 2001, according to data compiled by London-based Private Equity Intelligence Ltd. In July, the industry's biggest deal was announced, the $33 billion takeover of hospital chain HCA Inc. by KKR, Bain Capital LLC, Merrill Lynch & Co. and HCA co-founder Thomas F. Frist Jr.
bloomberg.com
Hedge fund growth and their big profits attracted regulators. Private equity investors and experts wonder if they're next, given their huge funds and big profits. Indeed, a few large private equity firms are in the early stages of forming a lobbying group to help them deal with potential federal involvement or pressure.
news.moneycentral.msn.com
Re: New Market Reform Petition Now Live By Honesty and Integrity Will Win on 10/11/2006 4:00 AM
Nice to see the Connecticut AG on CNBC this AM. Take away from comments was if the federal govt can't protect investors, the state is ready to step in.
How about an advertisement and article in AARP?
How about a hedge fund wall of shame?
Thanks BOBO and all signees!
Re: New Market Reform Petition Now Live By Nice To know on 10/11/2006 5:26 AM
Nice to know that the money they stole from us went to a good cause.
October 10, 2006
Nevada casinos have record August, win $1.06 billion
By BRENDAN RILEY
ASSOCIATED PRESS
Re: Market Reform Petition Now Live By Willie Loman on 10/11/2006 6:04 AM
Help spread the word about the petition, people. Word doesn't spread without your help. I've put it on a few yahoo and RB boards, but I don't know where the watering holes are...
Re: New Market Reform Petition Now Live By Willie Loman on 10/11/2006 6:07 AM
*Ahem* uh, Bob, you've got over a hundred more signature pending approval....
Re: New Market Reform Petition Now Live By I Am Doing My Part on 10/11/2006 6:36 AM
The holes are everywhere. Hit every message board, again and again and ...
Re: New Market Reform Petition Now Live By Kuma on 10/11/2006 8:23 AM
Someone posted a link about Daniel Drew. Can they repost it please.
Re: New Market Reform Petition Now Live By sticky stinky on 10/11/2006 9:15 AM
Federal prosecutors portrayed former N.C. lottery commissioner Kevin Geddings this morning as a crafty, convincing operator who often conducted business “in the shadows” and betrayed the public’s right to honesty from their officials.
charlotte.com
A $30,000 payment intended as a political contribution to supporters of former S.C. Gov. Jim Hodges actually ended up in the pockets of Hodges aide Kevin Geddings, according to court testimony Tuesday.
Geddings, who went on to become an N.C. lottery commissioner, is on trial in federal court on fraud charges. Prosecutors used Just Care Inc., a prison services company, to try to show a pattern of deceit by Geddings.
centredaily.com
Re: New Market Reform Petition Now Live By Y on 10/11/2006 9:17 AM
Don't be discouraged if Yahoo blocks you from posting for the day. We will not be silenced.
Re: New Market Reform Petition Now Live By LOU DOBBS GROWS UP on 10/11/2006 1:53 PM
By Lou Dobbs
CNN
Adjust font size:
Editor's note: Lou Dobbs' commentary appears every Wednesday on CNN.com
NEW YORK (CNN) -- I don't know about you, but I can't take seriously anyone who takes either the Republican Party or Democratic Party seriously -- in part because neither party takes you and me seriously; in part because both are bought and paid for by corporate America and special interests. And neither party gives a damn about the middle class.
Our country's middle class is not just collateral damage in what has become all-out class warfare. Political, business and academic elites are waging an outright war on working men and women and their families, and there is no chance the American middle class will survive this assault if the dominant forces unleashed over the past five years continue unchecked.
They've accomplished this through large campaign contributions, armies of lobbyists that have swamped Washington, and control of political and economic think tanks and media. Lobbyists, in fact, are the arms dealers in the war on the middle class, brokering money, influence and information between their clients our elected officials.
Yet in my entire career, I've literally never heard anyone in Congress argue that lobbyists are bad for America. In 1968 there were only 63 lobbyists in Washington. Today, there are more than 34,000, and lobbyists now outnumber our elected representatives and their staffs by a 2-to-1 margin.
According to the nonpartisan Center for Public Integrity, from 1998 through 2004, lobbyists spent nearly $12 billion to not only influence legislation, but in many cases to write the language of the laws and regulations.
FOLLOW LINK FOR THE REST:
cnn.com
Re: New Market Reform Petition Now Live By robert long on 10/11/2006 2:55 PM
it needs to stop.. what kind of an excuse is "its only a small % of the daily trades" well ok lets go rob the bank down the street its ok its only a small % of the banking for a day whats the big deal.
Re: New Market Reform Petition Now Live By Gary Dreyer on 10/11/2006 3:09 PM
Thanks for the effort - knowing how crooked Wall Street is makes me want to stuff my savings in a mattress !!
thesanitycheck.com
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