LOL....FREE MARKET CAPITALISM
This country is and has been under attack and is in a financial war and nobody appears to even realize it....well, some do but, it helps to know who the real perpetraitors (sic<g>) are who the enemy actually is and who their allies are?
"In 2006 a CJR editor (a seasoned journalist formerly with Time magazine in Asia, The Wall Street Journal
Europe, and The Far Eastern Economic Review) called to discuss suspicions he was forming about
the US financial media. I gave him leads but warned, “Chasing this will take you down a rabbit hole with
no bottom.”
......Like anything in this world of lies, it's a labyrinth of endless dead end paths to the true nature of mans avarice and greed and the fear of truth and the Self.....mankind is doomed?<g>
youtube.com
>>>Terminating the Small Business Administration<<<
>>>"The Small Business Administration (SBA) was created by the Small Business Act of 1953.1 The primary purpose of the SBA is to encourage lending to small businesses through government loan guarantees."<<<
downsizinggovernment.org
>>>"Given the key role that start-up and established small businesses play in job creation, it is useful to consider how start-ups are typically funded and how the owners of more-mature, but still small, businesses tend to support their ongoing operations. To this end, the Federal Reserve's 2010 Survey of Consumer Finances (SCF) provides some new and very preliminary data regarding the primary sources of money used to start, acquire, or expand closely held businesses."
"'For these small and nascent businesses, more than 70 percent were initiated using personal savings or assets, about 6 percent were initiated using a personal loan from a bank or savings institution, about 3 percent were initiated using a personal or business credit card, and just 3 percent were initiated using a business loan from a bank or savings institution. Even smaller percentages of start-up small businesses appear to have received funding from credit unions, other institutions, or investors. In short, our survey data suggest that the personal resources of entrepreneurs are the most important funding source for small business formation."
"In our 2009 panel SCF, we found that families make loan guarantees for their businesses using personal assets as collateral, and that loans between business owners and their businesses are common in both directions.'
"Survey of Business Owners, 6 in 10 small business owners use personal savings or assets to finance or expand their businesses."
"in the 2010 SCF, we asked small business owners whether and to what extent external sources of money were used to finance the ongoing operations of or improvements to their primary businesses in the past year. Focusing again on only businesses with fewer than 500 employees, the preliminary survey data suggest that for such purposes, slightly less than one-half of these businesses did not use any external funding. Consistent with the funding information on the start-up phase for small businesses, a significant proportion of small business owners--about one-third--used their personal savings or assets to fund operations or make improvements. And only small percentages of small business owners obtained credit from a bank or savings institution for such purposes: Among these small business owners, about 5 percent used personal or business credit cards, slightly less than 5percent used business loans, and about 3 percent used personal loans.
Taken together, these survey data suggest that many small business owners do not tap the credit markets, but instead use their own wherewithal to start and fund their businesses. Indeed, a bit less than 80 percent of small business owner survey respondents with fewer than 500 employees indicated that they had not even applied for business loans in the past five years"
"Furthermore, small business lending is an important part of overall bank lending, especially at community banks. According to regulatory data, small loans to businesses, a proxy for loans to small businesses, constituted 23 percent of total business loans outstanding at commercial banks at the end of 2010"
"Changes in personal wealth during the downturn were not uniform across households, and there were some big winners and losers. While the households that disproportionately increased their wealth are more likely to start businesses, those that disproportionately lost wealth are less likely to do so. In particular, the recent housing downturn has made it more difficult to use cash-out refinancing or home equity lending as a funding vehicle for small business formation. It has also made it more difficult for some small business owners to fund the purchase of equipment or to cover business operating expenses."<<<
federalreserve.gov
Naked Stock Shorting And Blatent Manipulation.....just one example, I have personally been hurt many times from similar illegal actions where these hedge fund activities create naked short sale attacks to bankrupt a company to siphon off their cash or to out right take them out with some kind of hostile buyout.....I'm getting hurt right now in my shipping stocks.....real time thieves at work.
>>>On September 26, 2005, Cramer announced to his television audience the sad news (punctuated by funny sound effects – a clown horn, a crashing airplane) that Provenge, an experimental treatment for prostate cancer, had flopped.<<<
>>>This seemed odd, because Dendreon (NASDAQ: DNDN), the company developing Provenge, had not yet submitted an application for FDA approval<<<
>>>The morning after Cramer declared Dendreon and Provenge to be dead in the water, Mark Haines, the anchor of CNBC’s “Squawk Box” program, apologized for Cramer’s “mistake.<<<
>>>The next evening, on his “Mad Money” program, the journalist (or entertainer, or self-confessed criminal, or… whatever Cramer is) acknowledged that the FDA had not yet rejected Provenge, but drawing upon his medical expertise, Cramer maintained that Provenge was not effective. In characteristically level-headed fashion, he announced that Dendreon shareholders were drunken, carousing, gambling Falstaffs who “might as well take their money to Vegas.”
Dendreon, Cramer added (rather ominously), was a “battleground stock.”<<<
>>>What Cramer meant by “battleground ” has since become all too apparent. For the past four years, Dendreon has been one of the most manipulated stocks on NASDAQ<<<
>>>And with every burst of good news, the company has faced waves upon waves of naked short selling – hedge funds illegally selling millions of shares that do not exist to flood the market and drive down the stock price. Along with the phantom stock, people seeking to diminish Dendreon have deployed false financial research , biased media, bogus class action lawsuits, Internet bashers, dubious science, and other familiar weapons of the “battleground.”<<<
>>>on April 28, 2009, when Dendreon was to present all-important results at the American Urological Association’s Dendreon’s CEO, Mitch Gold, had announced that the results of an Independent Monitoring Committee study were “unambiguous in nature…a clear hit” for Provenge.<<<
>>>But the hedge funds weren’t finished. In the days following Gold’s announcement, short sellers piled on with a vengeance, returning Dendreon to the leagues of the world’s most heavily traded stocks. The firm once again found itself on the SEC’s “Reg Sho” list of companies whose stock was “failing to deliver” in excessive quantities –a sign of illegal naked short selling.
On CNBC, meanwhile, Cramer had hammered Dendreon. On April 6, 2009, amidst ear-rattling sound effects –dogs fighting, and (inexplicably) a baby crying — Cramer had said “I don’t like Dendreon.” He had shouted that Provenge had no chance of getting FDA approval and Dendreon shareholders should “SELL! SELL! SELL!”<<<
>>>Then, on April 28, at 10:01 am central time — just hours before Dendreon’s triumph in Chicago – an anonymous message board author on Yahoo! Finance posted this message: “HIGH PROBABILITY OF MASSIVE BEAR RAID…DNDN [Dendreon] could easily drop 50% on a massive bear raid…its coming today@12:30 pm central.”
Just minutes before 12:30 pm central, Dendreon’s stock price began to fall. It didn’t just fall–it nosedived from $24 to under $8 … in 75 seconds. That’s correct, during a period of 75 seconds, more than 4,000 trades were placed, totaling 3 million shares, or about 50% of Dendreon’s (spectacularly high) average daily volume. it is a safe bet that this was a coordinated, illegal naked short selling attack. And just in case you still didn’t get this – it caused Dendreon’s share price to lose more than 65% of its value – in just 75 seconds flat. <<<
deepcapture.com
....is the SEC our friend.....are regulations in the markets only for crooks and thieves?
washingtonexaminer.com |
