So, a few days before the CFA conference on NSS, the event is abruptly "postponed."
Why?
Uh, well, er, because the DTCC can't get someone out there to represent their perspective.
Schedule issue.
How long ago were they invited to attend?
About a month ago, according to very informed sources.
Isn't that something? A month ago they were invited, and a few days before the event is to take place, the event is postponed because everyone at the DTCC is just too GD busy to get out to LA for 2 hours.
So, how about a few days later? Or a week?
Nope. One of the speakers tells me that the timeframe being discussed is now 3 months from now.
Is it just me, or does that sound like the DTCC killed the conference on a pretense, and has stalled any recurrence until the first of never?
Why would they want to stop a CEO, a former employee, and a columnist/fund manager from speaking frankly about naked short selling?
Why?
And why is this being postponed for many months - assuming it ever gets back onto the table? What kind of chitty chat took place with the CFA board that created this excuse to engage in a cover-up? To silence any exposure of the rapidly escalating naked short selling crisis?
Does ANYONE really believe that the DTCC can't find one person that can speak with a month's notice? Or that it requires another 3 or more months to reschedule this? Dr. Byrne said he could be there with bells on whenever. I'll bet Dr. Trimbath and Arne Alsin could as well.
So why the stalling?
Anyone getting the feeling that these guys run the frigging country? They are huge donors to the two political parties, their ranks define the beltway, their participants are caught weekly abusing the trust, the regulators issue token wrist slaps - just enough to seem as though someone is doing something....and now they are killing forums to discuss the issues?
Exactly how would the Soviets have dealt with something like this, say, in Romania or Poland? Pretty much the same? How about the Chinese? Can't make it, so solly, maybe in a few months?
Is this what we have become?
Unbelievable.
But not unexpected.
The grandfathering should have been the giveaway.