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To: Lee Bush who wrote (8276)4/17/1998 1:07:00 PM
From: E. Charters  Respond to of 10836
 
Those SEC rule "You cannot talk about this" go back to when Vanderbilt and Fiske and Carnegie were at war. The US steel founder
bribed congress to enact laws that would allow him to silence any published record that would oppose his stocks issues and give advice on the market. Why? He owned all the brokers! Slapp law suits were his specialty. They (SEC rules) oppose basic freedom of speech. No broker ever told you his short position or what stock he holds. He always lies and tells you he holds no stock. What BS. But will people ever wake up?

I refuse to use brokers for that reason. Banks are just as crooked in an institutional way. They steal money that you loan them and the politicians sleep. Greatest scandal of our times.

Private business deals to raise money should be off limits to the SEC. Share issuance should be regulated but not disallowed. There is far less evil in issued shares by private companies than there is in phony paper "supported" by broker dealers. I think the widow and orphan take is outnumbering the over the counter swindles by 1000 to one by now.

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