the sec panel did us a few favors by their tour guide of sec operations...(tour guide characterization courtesy of Mr Kanjorski, who was marvelous) during the testimony this past week.
ms Thompson (head of enforcement) stated one that of the sec's 3 most important goals is to Aid Capital Formation.
1. This recognizes the sec's role in the regulatory affairs governing stock issuance.
To test Performance since 2000 against this goal, we'll use gross data about Nasdaq companies.
March 2000 4,947 public companies were trading.
As of Jan 31 2009 the number of public companies trading has fallen to 3,139. 36% of the 2000 companies have either been taken out and shot, gone private, or been acquired.
One major aspect within the data is the SEC failure to stop naked short selling, and to police broker dealers by stopping the common practice of non locating inventory, simply and forever recognized as desking operations.
let us ask ms Thompson how this constitutes aiding capital formation?
Into the present day; with the number of IPO's dropping and capital deformation occurring across all remaining public companies due to Naked Short selling and outright desking of investor shares. Let the sec now and forever rationalize their performance against its own stated goals.
every issue is clarified..
This thread specializes in supply imbalances, we understand that Supply matters, always has always will.
The current trade kingpins are desperately trying to keep even the whole issue about Supply; out of the dialog.
There are many interconnected pieces of evidence coming out of the madoff affair that reinforce this threads awareness. a few scraps include;
1. Madoff supposedly made no real trades. And yet there his firm was, everyday, manipulating bid ask, influencing broker dealers to route trades through his firm.
2. Many companies are operating above their legal authorized outstanding, this is very hush hush, because it is a forensic tool, for examiners, and it sheds light on two of the sec's failures to stated goals
1. Protect investors from Fraud and
2. Facilitate Capital Formation.
Neither goal is being met, complicit systemics have given permission / cover to preferred trade agencies, to conduct their operations, within organized constraints, partially led by provided information crafted in the course of day to day script for goal seeking hierarchies.
counterfeit inventory has and continues to be used to sustain price as an artifact of prevailing systems intent.
The agency most cited as the arm of a free and fair market has always been the SEC....but the record shows, as does the data of the market, that the sec is not only; not meeting its stated goals, leaving everyone with questions such as Mr Markopolos and others, have begun answering.
Simple knowledge of systems is essential to debugging any parts of this or any other modern day largesse.
Knowledge of RO/RS = CF turns everything upside down. It takes a single valued reference space of seemingly dissociate interests and by way of adaptation encourages observers to account for the true connectedness of what is clearly a multi valued reference space, begging to be understood.
When the gap to understanding this trickles down, gross systems are exposed by the roles they actually perform, despite proclamations describing the goals they publicly state.....
it is understanding the laws of social systems, that we observers are able to find a bottom line.
As madoff sec testimony proves;
"To those within a system, outside reality tends to pale and disappear."
any doubt that Reality disappeared?
None. |
