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Lying, cheating and stealing. Hank Paulsen's Wall Street legacy now US Government's legacy...
Bob O'Brien's Sanity Check Blog By bobo on 11/12/2008 8:55 AM
As predicted, the bailout was approved under completely false and misleading terms - so much for the, "We'll make money on the deal" blather from the hired pundits. Lies, lies, and more lies. Same as always...
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The DOW was up 889 points today, the second biggest single day gain in history, barely 15 days after the biggest day in history. DO YOU BELIEVE!?
Bud Burrell - Front and Center By bburrell on 10/28/2008 11:57 AM
The Dow made its second biggest up day in history, just 15 days after setting the all time record of up 925 points. Does this tell us anything? I think not.
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60 Minutes Intro Piece on Credit Default Swaps Bucket Shop Betting Schemes, Their Best Ever on a Complex Financial Topic
Bud Burrell - Front and Center By bburrell on 10/26/2008 5:35 PM
A must see for everyone.
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De-Leveraging the Globe into Serious Depression.
Bud Burrell - Front and Center By bburrell on 10/24/2008 6:45 PM
Beware of Actions taken in haste by the fearful. Just because they have acted harshly doesn't mean they will achieve their goals, or that they have done the right things.
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How Major Secular Bear Markets Work.
Bud Burrell - Front and Center By bburrell on 10/23/2008 7:54 PM
Here is another non-technical explanation for those not from this background.
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On Understanding Markets in a Recession
Bud Burrell - Front and Center By bburrell on 10/22/2008 5:59 PM
This is a brief simplified explanation for non-technical market participants. You need to understand how expectations affect markets and their levels.
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Redux, "What is the Real Agenda of Our Regulators?", from late 2004
Bud Burrell - Front and Center By bburrell on 10/18/2008 5:44 PM
Many of you may never have seen this. From 2004. No one can say no one told them.
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Why The $700 Billion Landgrab By Wall Street Won't Work, And Other Miscellanea - UPDATE 10/23 - NEW MUST SEE VIDEO
Bob O'Brien's Sanity Check Blog By bobo on 10/18/2008 5:29 AM
In which the bunny explains why you can't negotiate with terrorists. UPDATE - NEW NIPC VIDEO UPLOADED
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The "Obama Effect" on our Markets: 925 Points of Dow wiped out in three days, the VIX at .76, an Historical Record
Bud Burrell - Front and Center By bburrell on 10/16/2008 7:17 AM
The wealthy and small business owners along with numerous investors subject to taxes are voting with their portfolios. They have tossed in the towel economically speaking, conceding the Election to Obama, and a hard left socio-economic turn when he takes office.
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Did I Say I Was Innocent Of All Wrongdoing, and Call Patrick A Liar and A Cheat? UPDATE: NCANS & BYRNE SIGHTING IN PHILLY!!!
Bob O'Brien's Sanity Check Blog By bobo on 10/14/2008 1:10 AM
In the latest fanciful twist, the Overstock lawsuits continue to provide spectators with instructive information on how Wall Street functions. They lie, cheat and steal, deny everything, demand proof, smear anyone calling them on it, and basically behave like Mob thugs....
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What Makes a 925 Point Day Real?
Bud Burrell - Front and Center By bburrell on 10/13/2008 7:29 PM
Today's volume was weak. Banks were closed. Europe was pending its own bailout plans. What does it mean?
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General Comments on Things of Interest to Us All.
Bud Burrell - Front and Center By bburrell on 10/12/2008 6:34 PM
You may or may not learn something here. We live in interesting times.
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A Sequenced Primer on Abusive Naked Short Selling, Courtesy of Dr. Jim DeCosta, His Best Short Piece ever.
Bud Burrell - Front and Center By bburrell on 10/12/2008 11:19 AM
Here in numbered sequence is the simplest delineation yet of this process. Irrespective of any criticism yet leveled at Jim, this nails the DTCC intent.
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Markets to be Suspended? Goldman and Morgan Stanley to be Nationlized? Left Wing Hedge raids on Markets Everyday near Close? Market Raids every day from Offshore?
Bud Burrell - Front and Center By bburrell on 10/11/2008 4:45 PM
Lou Dobbs show tonight had two parties calling for the suspension of markets here for a "Cooling Off Period". They alleged that the USG was considering just that, among a number of alternatives. Sources in Washington began talking about the nationalization of Goldman and Morgan whatever, whatever the hell that means. GM, now trading for a lower market cap than it did after the 1929 Raid, is in talks with Chysler about a merger, backed up by Cerebus, who has interests in both. What does this mean for Ford?
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DTCC Wants to Be Clearinghouse for CDS paper! To compete with CME/Citadel, I THINK NOT!!!!!!
Bud Burrell - Front and Center By bburrell on 10/8/2008 3:42 PM
DTCC has shown itself to be a shameless facilitator of Counterfeiting of Commercial Securities, many of which are tied to hedging naked ownership of CDS paper, another kind of put insurance product. Given their role in the NSS scandal, how can they be trusted? They can't, and someone needs to pull their head out of their respective patoots before this happens.
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Media Lies, Part 100,048
Bob O'Brien's Sanity Check Blog By bobo on 10/7/2008 2:21 PM
The media is busy ignoring some of the biggest stories in the financial devastation being wrought daily. Anyone surprised?
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Wikipedia and 'lilGW flat out busted and caught red-handed
Bob O'Brien's Sanity Check Blog By bobo on 10/1/2008 11:37 AM
As we watch the financial world fall apart around us, it's always fun to reflect upon the scummy and lowlife tactics that the bad guys have employed...
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Lies, Lies, Lies and more Treason
Bud Burrell - Front and Center By bburrell on 9/20/2008 8:55 AM
Illegal short selling continues unabated, after the hedgies took the Rule change of Wednesday as a non-event.
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I Hate To Say I Told You So, But...I Told You So.....
Bob O'Brien's Sanity Check Blog By bobo on 9/20/2008 2:51 AM
In which our favorite holiday rodent points out that plenty of warning of the coming disaster was available, and in fact jammed down the SEC and the media's throat, for years, with no effect.....
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The SEC May Be The Country's Worst Enemy
Bob O'Brien's Sanity Check Blog By bobo on 9/19/2008 12:26 AM
In the short term, they just saved the US financial system...
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On Scientific Reasoning, and the Testing of Hypotheses
Bob O'Brien's Sanity Check Blog By bobo on 9/17/2008 4:03 AM
The Bunny uses the latest idiocy from the SEC to demonstrate why science is a better logical predictor than metaphysics...IMPORTANT UPDATE 9.17.08
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How The West Was Looted
Bob O'Brien's Sanity Check Blog By bobo on 9/4/2008 6:10 AM
Back from vacation, I have a rather remarkable series of articles to share with you, which de-mystifies much of the how and the why of the looting of the American economy.
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How Big is the Failure to Deliver/Naked Shorting Problem? Yet More Information...UPDATED 8/13
Bob O'Brien's Sanity Check Blog By bobo on 8/8/2008 9:30 AM
The Editor of The Industry Standard recently asked the question, "How big is the delivery failure problem?" Essentially, asked how much of Patrick's concern over a systemic crisis is valid. So here's an answer that the swarm of flies who were obviously assigned to that message board to clutter it up can't obfuscate away...UPDATED 8/13
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Why The DTCC Is A Prime Mover In Securities Fraud and Naked Shorting
Bob O'Brien's Sanity Check Blog By bobo on 8/5/2008 4:29 AM
Read the blog in it's entirety. I was sent this analysis by a good friend who has been involved in this battle for years. I've never seen a more clear case of the DTCC's acting illegally in my life.
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A Survival Guide For Persecuted (or Prosecuted) Hedge Fund Managers - UPDATED 7/31
Bob O'Brien's Sanity Check Blog By bobo on 7/28/2008 8:27 PM
The Bunny has created an indispensable self-help primer for embattered masters of the universe(s).....
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The hedge fund industry howls with outrage over the new SEC temporary rule..."It's not a big problem"...is now...it could ruin the markets if curtailed...hmmm
Bob O'Brien's Sanity Check Blog By bobo on 7/21/2008 3:29 AM
First, the market makers basically force an exemption so they can continue naked shorting the financials at will. Now, the hedge fund industry issues a letter absolutely remarkable for it's tone and content.
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Cox: "Many people think naked short selling is already illegal, but that isn't true...."
Bob O'Brien's Sanity Check Blog By bobo on 7/17/2008 11:52 PM
In this episode, we contemplate the intellectual sleight of hand used by Wall Street's wholly captured SEC apologists....
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SEC Discovers That Unbridled Naked Short Selling Might Actually Be, Er, Not So Good....
Bob O'Brien's Sanity Check Blog By bobo on 7/15/2008 2:59 AM
In the latest CYA BS statements from the completely bent SEC, Cox declares the SEC's double standard as clearly as could be wished for.
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If you had hope the SEC wasn't completely rigged by Wall Street, here is your official notice to abandon it...
Bob O'Brien's Sanity Check Blog By bobo on 7/7/2008 4:51 PM
What if I told you that instead of the promised action to make a change in the rules to eliminate the patently unlawful Market Maker exemption, that the SEC had instead stalled it yet longer???
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The Contest To End All Contests
Bob O'Brien's Sanity Check Blog By bobo on 6/25/2008 8:46 AM
Patrick has created a contest with serious money behind it, to create awareness of Mark Mitchell's stupendous piece chronicling the entire saga of NSS, and our roles in the drama.
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A Random Collection Of Observations On The Decline Of American Civilization
Bob O'Brien's Sanity Check Blog By bobo on 6/14/2008 6:36 AM
And that was my optimistic working title....
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New SEC Rule Should Be Titled, "No More Suing The Prime Brokers" Rule...
Bob O'Brien's Sanity Check Blog By bobo on 5/20/2008 6:12 AM
The SEC, incapable of ending the rampant manipulation arising from the market maker exemption in Reg SHO, and which has stonewalled the NIPC petition cataloging the host of Federal securities laws being violated by their treatment of securities entitlements, can't rush a rule through fast enough to limit the liability of their paymasters at the prime brokers....
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The Greatest Story Ever Told...or at least a hell of a ride described in extraordinary detail - this is the big one, folks
Bob O'Brien's Sanity Check Blog By bobo on 5/6/2008 1:07 PM
For years, I have known and understood an awful lot of what is contained in the story you are about to read. I've alluded to bits and pieces of it, but now the whole shooting match is out in the open.
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A Suggested Comment Letter on the Latest SEC Absurdity - Proposed Rule S7-08-08
Bob O'Brien's Sanity Check Blog By bobo on 4/20/2008 8:36 PM
Yet another rule that does nothing to actually solve the NSS problem, and yet drapes itself in intent and sanctimony...
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NIPC Petition Now Up At SEC Site, Comments Needed
Bob O'Brien's Sanity Check Blog By bobo on 4/9/2008 3:34 PM
The NIPC Petition is now up at SEC.Gov, and we need everyone to go post comments to show some support here.
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National Investor Protection Coalition (formerly NCANS) Issues Landmark Petition to the SEC
Bob O'Brien's Sanity Check Blog By bobo on 4/3/2008 4:09 PM
The NIPC Petition is the final word on the sleight of hand the SEC has attempted, so that Wall Street can rip off investors with impunity.
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Bear Bailout, and What It Really Means
Bob O'Brien's Sanity Check Blog By bobo on 3/15/2008 11:12 PM
So, why did the nation's central bank approve a bailout for a non-member, non-bank? Curiouser and curiouser...
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New Patrick Byrne Podcast/Interview a Must Listen
Bob O'Brien's Sanity Check Blog By bobo on 3/12/2008 4:41 AM
Patrick is interviewed by The Register, and discusses NSS, Wikipedia, and a host of other interesting topics.
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Over Eighty (80) Years of COUNTERFEITING, COUNTERFEITING,COUNTERFEITING, Ad Infinitum, Ad Nausea
Bud Burrell - Front and Center By bburrell on 2/28/2008 3:42 PM
Senator Bennett used the word the word EIGHT (8) times in the broadcast meeting of the Senate Banking Committee with Paulson, Bernanke, and Cox. He directed most of his comments directly to Honorable Chairman Cox, who reacted with about 40 tells indicating he was being less than totally honest at best, constantly touching his lips, eyes, ears, and mouth. In my basic training in interrogation, such actions were a major RED FLAG. Maybe a little recitation of the case history of Counterfeiting would be helpful here. There is nothing here not contained in my previous writings, but a linear recitation could be of value, with a single focus on Counterfeiting.
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Odds and Ends - Time Marches On
Bob O'Brien's Sanity Check Blog By bobo on 2/23/2008 10:14 PM
Some news and ruminations about the market, and NCANS
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Tony Ryals, Notorious Basher, NAMBLA member, Serial Pervert, Convicted Fraud Felon, Confidential Informant
Bud Burrell - Front and Center By bburrell on 2/22/2008 7:55 PM
No one knows if Tony Ryals is real or not, but someone or something uses this name in an unrelenting attack on any and all targets of short sellers. He(She?) is big on rumors and innuendo and short on fact. Should we be concerned? I think not, but it can be helpful to let the many rumors about him/her be spread throughout the land.
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Mencken's Creed
Bud Burrell - Front and Center By bburrell on 2/20/2008 3:51 PM
Here a classic statement of a great libertarian, and honest and ruthless critic of fools and chalatans. I will let all of you guess who I think is which.
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World Coming To End, Film At 11
Bob O'Brien's Sanity Check Blog By bobo on 2/6/2008 9:54 AM
Is it just me, or is this the greatest crisis in confidence in Wall Street and the American banking system of our lifetime?
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A Concerned USXP Shareholder Weighs in On Honorable Chairman Cox with a BOMB.
Bud Burrell - Front and Center By bburrell on 1/16/2008 3:50 PM
Here is literate little ditty that should put some noses out of joint, as well they should be. As I have repeatedly said here, SHAREHOLDERS HAVE RIGHTS! Would but the lawyers at the SEC could pull their heads out of wherever long enough to realize this.
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Things that make you go, "Huh"...
Bob O'Brien's Sanity Check Blog By bobo on 1/15/2008 11:20 PM
Is that bad, when megabanks are putting their prime brokerages on the market? Too hot in the kitchen? Not as easy to steal a nation's wealth as it once was?
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Drips of Water on a Stone
Bud Burrell - Front and Center By bburrell on 1/12/2008 6:35 PM
The last of the cases here will be heard many years from now civilly, while 99+% of the thieves skate off into the sunset, their warchests replete with massive assets stolen from their helpless and undefended victims.
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Happy New Year - why I am optimistic....
Bob O'Brien's Sanity Check Blog By bobo on 1/8/2008 10:08 PM
It's a time of re-invention, right? Clocks reset, and a new horizon presents, and we are only limited by our imaginations......
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Send Out the Search Party; Financial Press Missing in Action
Dave Patch's Blog By dpatch on 1/8/2008 7:35 AM
Hey, where was the financial press when fovored short seller David Einhorn fell out of grace in his lawsuit against Allied Capital? For some reason, none of the "captured media" found time to report the dismissal.
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An Open offer for an Anthony Elgindy Q & A
Dave Patch's Blog By dpatch on 12/28/2007 12:09 PM
Since Anthony Elgindy disallows people to speak freely on his moderated site on Silicon Investor, lets see if Anthony will come here and speak on our site. He is free to post as himself or through one of his cult spokesman.
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In reponse To Anthony Elgindy
Dave Patch's Blog By dpatch on 12/26/2007 7:16 PM
Convicted Felon Anthony Ellgindy is inciting the short selling community from a Federal prison. This is my response to his open memo.
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