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Strategies & Market Trends : Free Float Trading/ Portfolio Development/ Index Stategies

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From: dvdw©	2/6/2009 8:57:09 AM
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Thanks to contributor on another thread for this, if you didnt see the exchange between Congressman Ackerman and SEC panel...you need too. Our emphasis on gross systemics is further proven out by this testimony. If you or i or anyone show the sec that there are no market prices, that stocks are trading beyond thier legal outstanding, what would they do with the information in thier current condition?....nothing, because they are what we know as bought and paid for. whole post here highlight below. Message 25389820 It is followed by testimony of high level management at the SEC. I have never seen such an insipid bunch of professional suck ups doing anything possible to stonewall and duck their professional responsibility. Their attorney even invoked executive privilege. If you don't have the desire or patience or stomach to watch the whole thing, here is a snipped of Rep. Ackerman of NY laying into the sec. This guy is genuinely pissed as many in the NY Jewish community lost millions. Aged philanthropists are now beggars. youtube.com From Markopolos: "the SEC is captive to the industry it regulates. It is afraid of bringing cases against the largest most powerful firms."

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