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How The West Was Looted |
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By bobo on
9/4/2008 6:10 AM
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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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The Contest To End All Contests |
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By bobo on
6/25/2008 8:46 AM
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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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New SEC Rule Should Be Titled, "No More Suing The Prime Brokers" Rule... |
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By bobo on
5/20/2008 6:12 AM
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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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Lenin: Repeat A Lie Often Enough.... |
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By bobo on
12/6/2007 3:03 PM
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A stunning article in the Register (UK of course, as the US doesn't seem to allow real journalism anymore) outlines how Gary Weiss is part of the massive confidence game being run at Wikipedia, to control the spin of articles on Naked Short Selling
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What we have heah, suh, is a failyuh to communicaate. |
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By bobo on
10/4/2007 5:21 PM
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Patrick and Patch write stunningly clear comment letters indicating why the MM exemption is unnecessary, and actively harms equity investors. Of course, the SEC has little or no interest in any of that, preferring to stall any meaningful reforms for as long as possible....
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Important comment letter for the SEC |
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By bobo on
8/23/2007 3:37 AM
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If you want to do something about the SEC's delay in eliminating the MM exception, which allows the options MM to naked short to their heart's content, legally, here's the template of a simple comment letter you can send. UPDATE: SIGNS THAT THE MELTDOWN COMMETH
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It really is the end of the world as we know it..... |
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By bobo on
8/4/2007 9:01 AM
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I've been saying for some time that the prime brokers and hedge funds are creating systemic risk that the taxpayer will ultimately be forced to pay for, and that the SEC is a sham entity that does nothing but run interference for Wall Street and the financial elite, at the direct expense of investors. Whadda ya know, now, years after taking this position and backing my mouth with hundreds of blogs, the NY choagie crowd starts to "discover" this....
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