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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation? -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (4061)	12/17/2008 12:22:10 AM
From: basserdan	1 Recommendation Respond to of 5034

Is There A Bigger Story Behind Spitzer's Downfall? By Susie Madrak Tuesday Dec 16, 2008 Via Skimble ( tinyurl.com ), a most interesting theory: I have yet to see this reported anywhere, but an anonymous commenter named trademonster on an investment forum ( tinyurl.com ) said this (notice the dates): 01-09-06 06:49 AM I've heard that SEC is going to shut down Madoff financial and all of their hedge funds for SEC violations. Can anyone confirm this? And this: 01-14-06 02:52 PM I actually got some update and found out that it's Spitzer's office doing the investigation not SEC. But I don't know what the scope of the investigation is. Suddenly Spitzer's dalliances with a hooker don't seem quite as fundamentally important to the financial health of this country. We need people who understand the system to police it. No matter how sanctimonious or egomaniacal you may find him, Spitzer understands the financial system. If these posts are true, somebody in power was more interested in the the details of Eliot Spitzer's transactions than Bernard L. Madoff's. They were obviously more interested in killing the watchdog than in catching the billionaire burglar. And via Corrente ( tinyurl.com ), something even more interesting from Michael Isikoff's Newsweek story ( tinyurl.com ) about the FISA whistleblower: [Under the secret and illegal "Stellar Wind" program of domestic warrantless surveillance,] NSA was also able to access, for the first time, massive volumes of personal financial records—such as credit-card transactions, wire transfers and bank withdrawals—that were being reported to the Treasury Department by financial institutions. These included millions of "suspicious-activity reports," or SARS, according to two former Treasury officials who declined to be identified talking about sensitive programs. (It was one such report that tipped FBI agents to former New York governor Eliot Spitzer's use of prostitutes.) These records were fed into NSA supercomputers for the purpose of "data mining"—looking for links or patterns that might (or might not) suggest terrorist activity. Lambert asks an important question: How did the suspicious activity report on Spitzer's financial transaction get from the NSA to the FBI? He also notes the convenient timing, because Spitzer at the time was looking into the monoline insurance companies - another important piece of the Wall St. crash. tinyurl.com Was the Bush administration using illegally obtained information to take down political enemies? Oh, I think it's a safe bet. And do you suppose they were deliberately trying to keep Spitzer from exposing extensive Wall St. fraud? What do you think? crooksandliars.com

To: rrufff who wrote (4061)	12/17/2008 1:12:34 AM
From: The Ox	3 Recommendations Read Replies (1) \| Respond to of 5034

...but rather the staff relied upon information voluntarily produced by Mr. Madoff and his firm. Some investigation. Rely on the the firm in question to supply the answers for the SEC's investigators... Of course, anyone who's been following the SEC lately should not be surprised by this "revelation". Especially the person at the helm. On this thread, we've been "deeply troubled" by the failures at the SEC. I would guess that Madoff is not the tip of the iceberg but more like only the first of many, many icebergs to come. I wonder how "deeply troubled" the rest of the world will be when more of these criminals come to light!! The most troubling aspect is that if Madoff hadn't of "come clean", they'd still be scamming as I type. Great job, SEC!!! The wording from Cox appears to this observer to be a setup for passing the buck. However, this one can't be passed off to your lower level staff, Mr. Cox. It was under your watch and there were multiple complaints that were clearly taken lightly. First its, no such thing as illegal naked shorting. Then they see they can't deny this any longer, as they need to stop these "fictitious shorts" from attacking the people who pay the SEC's salaries! Clearly, none of this is to stop the crimes being committed, its only to "stop those who are attacking the financial industry"...because, as they've been saying all along, there's really no such thing as naked shorting. Now this latest from our friends at the SEC. As more rocks get turned over, more insects will scurry out into the light. Even their protectors at the SEC can't stop this from happening anymore. I just hope some of the "regulators", who were entrusted with overseeing the industry--and who miserably failed to do the duty they were paid for--will be seen for the criminals they appear to be! jmo TO