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Sen. Bennett Renews Call for Hearing into Stock Market Fraud |
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By mfaulk on
7/21/2007 3:21 AM
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In a speech on the floor of the U.S. Senate today, Senator Bob Bennett (R-UT) called for Senate Banking Committee Chairman Chris Dodd to conduct a hearing into stock market fraud, specifically addressing the issue of naked short selling. A source close to the issue said, “Senator Bennett has spent an enormous amount of time studying this problem, he’s intimately familiar with the abuses in the stock market. This speech is his opening salvo.” He went on to say that “We need an avalanche of letters and emails from every state in the Union going to every member of the U.S. Senate, urging Sen. Dodd, the chairman of the Banking Committee, to hold the hearing on Sen. Bennett’s recommendations.”
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Bloomberg to tell the story that Dateline didn't |
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By mfaulk on
3/12/2007 9:04 PM
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Bloomberg Television, is airing a half-hour special report that will hopefully cover the issues that Dateline didn’t have the balls to tackle. Entitled “Phantom Shares,” it airs tomorrow, Tuesday, March 13, at 7:00pm, 9:00pm, and 10:00pm EST.
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The End of the SEC |
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By mfaulk on
2/3/2007 10:13 AM
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This one is a summary of events from the past week, but more importantly, it's a renewed call-to-arms. Every American needs to contact the new chairman of the Senate Banking Committee, Sen. Chris Dodd (D-CT), and ask that the Banking Committee schedule a broad investigation into the SEC, whose lack of oversight into our financial markets has facilitated a system rife with corruption and manipulation. This message needs to echo across America.
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You and I are not in the Big Club |
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By mfaulk on
1/18/2007 11:13 PM
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WARNING- This is an R-rated excerpt from George Carlin's lastest special, "Life is worth Losing." It's been airing for the past few months on HBO. The first time I saw it, and heard this segment on what I have been calling "The Circle of Greed," about how the ultra-wealthy use Washington and Wall Street to rob America blind, about how the rich get richer and the rest of us get screwed, my first thought was "if a 69 year-old comedian understands what's going on, why don't those in charge get it?"
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Naked, Short, & Greedy |
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By mfaulk on
10/11/2006 1:13 PM
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Thursday, October 12, at 1:00 PM EST, I will be doing a special edition of The Faulking Truth on CFRN.net. My guests will be Overstock CEO Patrick Byrne and Dr. Susanne Trimbath, and economist with operations management experience at DTCC and the Pacific Clearing Corporation. We will discuss the topic of stock market fraud and recent events that have occurred in the industry, and we’ll specifically talk about the October 19 conference that both Byrne and Trimbath will participate in entitled “Naked, Short & Greedy: IS WALL STREET ABUSING THE PRACTICE OF SHORT-SELLING STOCKS?”
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The Return of the Lying Liars |
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By mfaulk on
9/20/2006 2:37 PM
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One month ago, I wrote one of those articles where I go out on a limb and spout off something extreme for the sake of getting the masses up in arms…and then later I secretly hope I didn’t go too far in my comments. In the case of stock market fraud, and the underlying government incompetence that is the real root of the problem, every time I thought I was over the top in my opinions, something has happened to not just make me look downright prophetic, but to actually make me seem conservative in my statements.
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