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

To: basserdan who wrote (4241)	2/27/2009 11:30:15 AM
From: dvdw©	2 Recommendations Respond to of 5034

From the piece just posted; a coxe quote; "I take full responsibility for the actions of the SEC during my chairmanship," he said in an interview. "And I have tremendous pride in the extraordinary, around-the-clock efforts of the SEC staff in attempting to avert the crisis." This is nonsense. The SEC enabled the crisis by aligning its interests with Wall Street instead of its own mission statement. Just take a look at the damage done; we are on avg trading 3117 companies down from 4900 in 2000. Hows that for meeting the goals of the SEC to aid Capital formation? While were on the subject, why does the SEC seem so preoccupied by attempts to ride herd over the melt down in the broker dealers when thier true mission should have been surveillance of broker dealer largesse with respect to operations outside the legal authorized outstanding? Hedge Funds and all derivatives resulting there from, are enabled by the simple fact that the SEC was somewhere else with respect to its primary missions. Brings new meaning to one of the key features of Systemics. That being; People within a system, are never doing what they are supposed to do, or what they say they are doing.