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Bob O'Brien's Sanity Check Blog

Author: bobo Created: 1/10/2006 10:09 AM
This blog is dedicated to Bob O'Brien's Sanity Check editorials, and discussions about the Market Reform Movement, the SEC, failing to deliver/naked shorting, etc. It was created so that his many detractors and fans can tell him that he is full of it, correct his mistakes, rant and rave, kowtow, preen, or whatever seems appropriate. The only sins are being boring, or inarticulate, or dim. Humorous pieces can be found in the new Funny Bunny Blog area above, for a lighter-hearted take on being a bunny. Older Bobo blogs can be viewed by selecting a month under the calendar to your right.

Liz Moyer in Forbes: A Tale of Naked Shorting, Stock Manipulation, and Wrist-slaps for Miscreants
By bobo on 1/25/2007 9:22 PM
What's the destruction of thousands of American companies if a few thousand guys in NY can make serious jing jang?
Comments (60) More...

New AZ Bill Submitted, US Chamber Of Commerce Letter To SEC, and Laughable Industry Euphemisms
By bobo on 1/24/2007 1:23 PM
Arizona has a new bill that apparently has the industry and the SEC howling with rage; The US Chamber of Commerce has submitted another great letter to the SEC; and Wall Street lavishes us with new ways to trivialize fraud and stock manipulation...
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VA Introduces Bill Requiring FTDs to be Reported
By bobo on 1/17/2007 12:20 PM
So this is the 3rd state that has introduced a bill to rein in Wall Street's crookery.
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Garbage In, Garbage Out - The Latest Crying Towel From Wall Street
By bobo on 1/15/2007 9:43 PM
Every year, it seems like Wall Street sounds the alarm that all hell will break loose if any rules are changed, or enforced, that would require Wall Street to behave itself...
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Arizona Pushes Bill That Requires Brokers To Divulge FTDs To State
By bobo on 1/12/2007 8:48 PM
It seems that the Utah bill that required brokers to report their naked short positions has gained momentum, with AZ entering the mix with a bill of its own.
Comments (34) More...

Self- Regulation Op-Ed: How Dumb Do We Look? I Mean, Really? How Stupid?
By bobo on 1/6/2007 3:11 PM
The Op-Ed in the WSJ by Donaldson and Pitt sounds neat, if you know exactly nothing of the market's history...
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NFI Suit Against Prime Brokers Remanded Back To State Court - Wall St Loses Round One
By bobo on 1/5/2007 1:18 PM
The prime brokers' high priced white shoe lawfirms tried to stall discovery and get this remanded to Federal court. That didn't work. Bad day for Wall Street.
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Repeating The Lie
By bobo on 1/4/2007 7:58 AM
I'll be back in the saddle next week, but in the meanwhile I couldn't help but note that the lie is being repeated vigorously by those whose motive is to steal anything left that isn't bolted down...
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A Holiday Dear John Letter
By bobo on 12/28/2006 12:26 PM
Sometimes, even though we have been through a lot, it's time to make tough decisions, a la "Dear John"...
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A quick one from the holiday road
By bobo on 12/26/2006 6:44 AM
I'm out and about and away from things computer and market oriented, but wanted to share some holiday cheer with the folks playing along at home...
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Obstruction of Justice, Fraud, Perjury...Not a problem if ya got "Juice."
By bobo on 12/20/2006 8:40 AM
And in other news, the SEC moves against those dangerous, scheming Estonians, or Latvians, or whatnot...
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Silent Night....Holy Night.....
By bobo on 12/19/2006 8:45 AM
Ho ho ho. Santa knows who's been naughty and nice, however being naughty has never paid better, so Santa is now officially an anachronism...
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Senator Grassley: We Are Not Amused
By bobo on 12/13/2006 8:42 AM
Is that bad, when a Senator basically comes out and calls the SEC a bunch of conniving, lying cheats?
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Tommytoyz's "Dividend Capture Plan" Causes the SEC and Wall Street to Pucker Up
By bobo on 12/8/2006 10:32 PM
So, it seems to be OK for Wall Street to use loopholes to put the pork to investors, day in and day out, stealing their savings and leaving air in their stead. What would happen if we fought back, lawfully, and used the system's larcenous counterfeiting against it?
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Anatomy of a Cover-Up
By bobo on 12/7/2006 2:27 PM
The Aguirre written testimony is hugely damaging and literally a blow by blow of the SEC running a cover-up for Wall Street bigwig crooks. SEE THE NEW SEC/AGUIRRE COVER-UP SECTION OF THIS SITE IN THE MENU AT LEFT.
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Aguirre Senate Judiciary Committee Audio Now Available; 'lilGW A Further Embarrassment to Upright Bipeds
By bobo on 12/6/2006 10:53 AM
Yesterday's astounding Senate Judiciary Committee hearing is now available for download. And 'lilGW further scrambles to salvage whatever credibility he might retain - which is pretty much none at this point. NOW VIDEO OF ENTIRE HEARING AVAILABLE.
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SEC - "It's All A Dirty Lie!" Aguirre: "They've Offered No Proof Since This Started."
By bobo on 12/5/2006 7:28 AM
The SEC trotted out a group of talking heads today, all of whom argued that Gary Aguirre is an unbalanced liar. Of course, many of these gentlemen also probably supported the SEC lie that "Reg SHO is working". So one has to wonder aloud at their credibility. But it was in the contradictory and dishonest-sounding testimony from the SEC that the real meat lay...
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The Parade Of Absurdity Continues
By bobo on 11/30/2006 7:59 AM
Even as a Senate investigation into the SEC's cover-up and whitewash of the Aguirre/Mack matter heads yields troubling preliminary conclusions as to that regulator's desire and capability of policing anything, much less our markets, a "blue ribbon panel" recommends that the SEC do even less policing...UPDATE12/1: NEW CROSSCURRENTS ARTICLE NOW LIVE
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Conversations With A Friend Over The Delivery Failure Crisis & Ensuing Implications
By bobo on 11/27/2006 8:42 PM
I had a chat with a friend today who knows an awful lot about the markets and the system, and what came out of it was as fascinating as it was disturbing...
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Counterfeiting? Fraud? Maybe...But There's More!!!
By bobo on 11/26/2006 10:26 PM
For everyone who's been waiting for an explanation of what it is that the brokers are really doing when they sell you shares and then don't deliver them, but lie and mislead you into believing that they did, your days of waiting for an explanation of what they are actually doing are over...
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It's The End Of The World As We Know It
By bobo on 11/23/2006 10:40 AM
What would you do if I showed you documented evidence that the SEC and the DTCC colluded and lied in the most baldfaced manner possible about the size of the FTD problem, and that the lie is much, much larger than anything anyone imagined?
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Senate Judiciary Committee To Evaluate SEC Effectiveness
By bobo on 11/21/2006 7:31 AM
That should be a short hearing. And the SEC offers up another example of, "Steal a buck, pay (or don't if you don't feel like it) 50 cents."
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Lapdog Gets Case of Howling Fantods, Scares Bystanders...
By bobo on 11/20/2006 12:11 PM
They are out to get me. Really. They are. I just know it. Of course it helps that my buddies are short the company, and I am just trying to libel them in a backhanded way....
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SEC Internal Controls Ripe For Abuse
By bobo on 11/17/2006 8:06 AM
Would it be bad if tens of millions sort of slipped through the cracks of our regulator whilst their top-secret computer data was passed around Wall Street like a pack of Kools at a rock concert?
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Einhorn/Greenlight slapped by Canadian Judge, ALD FOIA data now available
By bobo on 11/15/2006 12:23 PM
Is that bad, when a judge basically questions your ethical makeup while you are trying to portray yourself as a paragon of virtue???
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Patrick Byrne radio interview now up and live
By bobo on 11/13/2006 7:09 AM
This is a pretty good one, in that he is nuts and bolts on the scope of the problem.
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This blog now officially "Anti-Journalist" - and Herb whines like a bitch kitty about pretexting...
By bobo on 11/8/2006 5:42 PM
It's kind of wild the lengths certain segments of the media will go to in order to denigrate their critics....
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IBD Does Second Part of NSS Article
By bobo on 11/7/2006 10:40 PM
IBD has the second part in its series on NSS.
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IBD Does Series on Naked Short Selling
By bobo on 11/7/2006 8:52 AM
The pages of IBD are now acknowledging that there's trouble in River City....
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From The Financial Policy Forum's Derivatives Study Center Comes the Cry of Fire in the Theater
By bobo on 11/3/2006 8:41 PM
Every now and again, something important comes along that should be distributed far and wide. This is one of those pieces. Every politician should be forced to read it. None will.
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Whoops, I Did It Again.....
By bobo on 11/3/2006 10:35 AM
When hedge funds start grinding like Britney to a backbeat, you can bet a lot of cash was made...
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Printing Money The Wall Street Way
By bobo on 11/2/2006 8:10 AM
So, you run a short-biased hedge fund, and you need to raise an extra $150 million this year to pay redemptions, and to create big bonuses for yourself?
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WSJ Piece Today Can't Figure Out Why There's a Rush To Leave The US Markets
By bobo on 11/1/2006 9:09 AM
In a highly unoriginal piece today, two politicians posit every reason but the obvious one for why everyone is taking their money and leaving the US table...
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Decline of Western Civilization; I Wanna Be A Hedge Fund Manager
By bobo on 10/30/2006 9:37 AM
It's all going to hell in a handbasket, but seemingly nobody can figure out why. The Bunny lends a helping hand....and I want some of that easy hedge fund money, damn it...
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Senator Grassley Lays Down The Law
By bobo on 10/29/2006 12:10 PM
In two remarkably succinct letters, Senator Grassley explains why the SEC's veracity is in question....
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SEC's Crummy Record On Parade in WSJ
By bobo on 10/27/2006 3:12 AM
Even as Shelby takes potshots at the GAO for doing the job he abdicated years ago, the SEC's lousy record gets an airing in the WSJ...
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SEC To Be Investigated By GAO
By bobo on 10/26/2006 4:48 AM
The Government Accountability Office is going to be investigating the SEC - a good first step towards a special prosecutor...
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More Refco Questions; NY Times Editorial Calls For SEC Investigation
By bobo on 10/25/2006 5:45 AM
Bobo examines some of the latest rhetoric on Refco, and explores how it might well relate to NSS....
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"SEC Cover-Up" Enters Popular Lexicon; Great Article Exposes Systemic Rot; Comment Letter Bombshell; 'lilGW Guilty Dog
By bobo on 10/22/2006 1:32 PM
A ton of significant events this weekend, while I was in the middle of nowhere on a fishing trip...
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Good Help Is So Hard To Find...
By bobo on 10/20/2006 5:52 AM
More Clues as to Why Wall Street Always Gets Hall Passes....And the Bunny hangs out his "open for business" shingle...
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How Big is the Failing To Deliver Problem, And Why Should I Believe You?
By bobo on 10/17/2006 12:27 PM
I got an email yesterday that is much like many emails I've gotten. Rather than writing privately, I thought that this forum would be a good place to offer my views on the scope of the FTD problem once and for all, so that newbies and skeptics can do their homework...
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Letter from the Chicago Board Options Exchange is a hoot...
By bobo on 10/16/2006 10:06 AM
You have never seen such a load of poop in your life. Bobo shows you how to appreciate the nuance in this lengthy bit of Chewbacca fluff...
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New Forbes On NASAA Letter; My Email To Global Links
By bobo on 10/16/2006 5:06 AM
Liz Moyer at Forbes has again scooped the complacent and co-opted NY press corps, by highlighting the controversy arising from NASAA's letter to the SEC, versus the Wall Street establishment's insistence that the world is different than it obviously is to everyone besides Wall Street. And Bobo sends a support email to Global Links, who is suing the DTCC.
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NY Post Article A Tour De Force of Drivel; Naked Short Forum.
By bobo on 10/15/2006 1:43 PM
I'm a connoisseur of drivel these days. My mouth waters at the thought of good drivel. Most drivel is merely workmanlike, but occasionally one receives truly spectacular drivel from unexpected sources. Today was a banner drivel day - The Post is "drivel-licious!"
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NASAA Comment Letter A Masterpiece - Qualifying the Delivery Failure Problem
By bobo on 10/12/2006 9:37 AM
Many of the letters from the industry have been self-interested BS demanding more loopholes, while threatening dire consequences if the gravy train of exemptions ends. The State regulators have crafted a letter that is direct, damning, and descriptive. It is a must read, and should be sent to every elected official.
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New Market Reform Petition Now Live
By bobo on 10/10/2006 7:32 AM
A petition has been created to support the NCANS letter, and to demand action of our regulator. It will be sent to Congress once enough signatures have been gathered.
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Richard Sauer, Short Apologist in NY Times, Employed By Rocker Partners/Copper River
By bobo on 10/8/2006 4:33 AM
As I suspected, the seemingly neutral opinion column by former SEC attorney Richard Sauer was more than met the eye...
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Hypocrisy, Thy Name Is NY Times....
By bobo on 10/6/2006 5:41 AM
Ever get the feeling that the media game is so badly rigged that you can't believe anything you read or hear anymore?
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SEC Clears Pequot, Mack, per CNBC
By bobo on 10/5/2006 4:48 AM
To everyone's shock and surprise, the SEC, after firing the lead investigator in the case, has now come to the conclusion that there were no hijinks going on...
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What We Have Heah, Is A Failiuh To Communicate...
By bobo on 10/4/2006 8:37 AM
The latest round of industry comment letters contain some gems in the Chewbacca genre...
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