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Utah's New Slogan: Turn That Frown Upside Down, Mr. Market...

Location: Blogs Bob O'Brien's Sanity Check Blog    
Posted by:   bobo 8/12/2006 12:11 PM

I have to admit that yesterday's complete reversal by the political machine in Utah was a bit depressing.

Thus, I decided that the only thing that could save the future of America, was badly drawn cartoons.

Now, I know, I know, you are thinking, hey, but Bobo, if the entire political and judicial system is so corrupted that no semblance of justice can be expected, doesn't that mean that no hope of a better tomorrow for our kids exists, and our entire conceit of a nation built upon a rule of law is a hollow sham?

Tut tut. Not so.

If I can generate cartoons that my detractors have described as resembling those one would see from a quadriplegic using a stick strapped to his forehead, then you can keep your spirits up too.

It's easy. Of course, a half gallon of Ballerina Vodka chugged with prescription pain medication is another way of dealing with it, or Hillbilly heroin furtively purchased in motel parking lots could be what some do with their darkest thoughts, but I choose to let loose with Microsoft Paint, and pithy wit, and find the silver lining in that big old dark cloud of black rage and seething fury. And if I can, why can't you?

Here's my contribution to lightening the mood. Consider it just for you. And stay away from that hillbilly heroin, it's really better suited for radio personalities and such...

agov3.GIF

agov2.GIF

agov4.GIF

agov5.GIF

agov6.GIF

agov7.GIF

agov1.GIF
Copyright ©2006 Bob O'Brien
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Comments (41)
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By bobo on 8/12/2006 2:47 PM
I'm working with a group on a top ten list of new slogans for the state's license plate. What do you think?

10. Utah - Cross us, and we'll threaten to maybe do something someday, 'hmmm 'kay?

9. Utah - A place where you can't just take people's money and not deliver - unless you're the governor, or wall street, or something.

8. Utah - Not an Indian name for come and get my money.

7. Utah - Voting and share fraud won't be tolerated. Really. And next time we'll mean it.

6. Utah - We may seem backwards, but we are as modern as New York.

5. Utah - A return to the good old days. Like the Great Depression, and the Dust Bowl.

4. Utah - We will enact no law before its time.

3. Utah - A swell place to discover how little you need to be happy. Whether you like it or not.

2. Utah - Nothing like Nevada, where gambling and cheating are regulated.

And the frontrunner is...

1. Utah....

Where promising law and order is big, and failing to deliver it is bigger.
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By timbuctoo on 8/12/2006 3:11 PM
Right on Bobo.
Someone from the great State of Utah should copy your comments, cartoons (although I think they represent the real characters in the situation, not cartoons) and send them to the Governor and all of the Legislative members. The slogan for the license plates pose a deliima because they are all appropriate and it would be tough to decide on only one.
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By cynabear on 8/13/2006 11:16 AM
To Ckza: what makes you think that the issues are seperate???
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By Chucky on 8/13/2006 11:30 AM
Lawsuit Challenges Utah FTD Statute


By Christopher Faille,
HedgeWorld.com


SALT LAKE CITY (HedgeWorld.com)—Utah state officials acknowledged knowing of a lawsuit seeking to invalidate the new state statute intended to address the issue of naked short-selling, but said Friday that the nominal defendant in the lawsuit, the director of the state's securities division of its Commerce Department, hadn't received service.

That defendant is R. Wayne Klein. He has this honor because the plaintiff, the Securities Industry Association, is asking a federal judge—the Hon. Dale Kimball—to enjoin Mr. Klein from implementing or enforcing the law when it takes effect Oct. 1.

Michael Hines, the director of enforcement for the securities division, said Friday, "Traditionally, our attorney general's office would defend against an action like that," but he isn't certain in this case whether the Utah attorney general will handle the matter, or whether it will be contracted out to a private counsel.

The bill at issue, signed into law by Gov. Jon Huntsman Jr. in late May creates reporting requirements for failures to deliver contracted-for shares of the equity of Utah-based companies, and imposes a penalty of $10,000 a day on brokerage firms that fail to comply with its requirements. An issuing company falls within the coverage of the law either if Utah is its domicile or if Utah is the site of its principal place of business.

The law requires reports from any broker-dealer registered in the state of Utah. Most broker-dealers are registered in all 50 states.

The SIA, an industry group created in 1972 through the merger of the Association of Stock Exchange Firms and the Investment Bankers Association, contends that uniform national standards are necessary for rules governing settlement, record keeping, and reporting, and that the Utah law is expressly preempted by federal law.

The SIA complaint contends that because the U.S. Securities and Exchange Commission doesn't require broker-dealers to track or report the information that forms the subject matter of the Utah law, "few if any broker-dealers have in place the systems to generate reports containing even part of that information."

The complaint objects to the law because although it is "purportedly intended to regulate naked short-selling," it isn't narrowly tailored to that end. Not every settlement failure arises from a short sale, nor does every failure result from "conduct that is in any way improper or illegal." Since tens of millions of securities transactions occur in the United States every day, the complaint says, "it would not be unusual for thousands of transactions to fail to settle within the normal settlement cycle."

Byrne's conference call

In a related development, Patrick Byrne, the chairman and chief executive of Overstock.com, based in Salt Lake City, hosted a conference call to discuss second quarter financial results. The results were not heartening. The company acknowledged a net loss of $15.7 million for the three months ending June 30, 2006. This is a loss of $0.78 per share. For the first half of the year, the net loss is $31.6 million, or $1.60 per share.

"We're getting out of rehab and are ready to start walking, if not running, again," Mr. Byrne said. But he said third quarter figures will be analogous to those of the first two quarters. He expects to "hit the ‘go fast' button" shortly before the end of the third quarter, he said.

He spent much of the conference discussing a new plan that seems designed to make life difficult for short sellers. He said that Overstock has joined the direct registration system, which allows its shareholders to take their shares out of the customary "street name" form of ownership and register them in their own names.

Mr. Byrne said that he wasn't recommending that stockholders adopt DRS, simply saying that if investors "want to be able to do this they should be able to do it." He said he has heard that when stockholders try to get the paper certificates from their broker-dealer they get a lot of excuses. "The DRS takes all the slop out of that" and creates a "quick, cost efficient transfer."

Exercising that option will make their equity unavailable for lending to short sellers. Incidentally, it will also add an extra step for anyone seeking to sell long. A stockholder using the company's DRS system would have to transfer the shares to a broker-dealer in order to then have the broker-dealer sell them.

Mr. Byrne also provided contact information for an attorney that he suggested stockholders might call should their broker hinder their ability to establish a DRS account.

CFaille@HedgeWorld.com

Contact Bob Keane with questions or comments at bkeane@investmentadvisor.com.





Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By piddly_sum on 8/13/2006 11:42 AM
Utah Assistant AG Scott Reed signed and approved the preliminary injunction as Mr. Klein's attorney.


Maybe the legislature ought to hammer home a new law, dissimilar enough to pass muster with the standing injunction. Something with the same or (even better) with larger consequences for lawbreakers in Utah. Pass it this week, have it go into effect September 15. If I had voted for the original law, I think I would be so mad I would be willing to shorten a vacation to come in and fire back.
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By newspapernyt5000 on 8/13/2006 12:40 PM
Don’t forget according to the otcbb short numbers over 5000 (out of over 6000) stocks have less than 1% short volume. That number does not tie directly into the large amount of bear funds there are. My point here is I don’t see how a 1% short interest on almost all otcbb stocks can support the massive hedge fund industry as it exists today.

To only be short an average of 10k on stocks that have over 200mil shares goes against the law of averages.

I cannot believe that number!
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By newspapernyt5000 on 8/13/2006 12:43 PM
If you look at the worst stock ever made (pacel) pclo as a case study. All they do is dilute and reverse split I think they have issued billions of shares and reverse split 100 times. According to that list short interest in pcel is 500!!!!
Volume: 134,086,333
Short 580 shares!
To not short this stock heavily is a horrible move since it is a guaranteed money maker short.
There are many many other horribly criminal stocks like this with minuscule short interest and it just boggles the mind. BOBO and others look at PCLO. PCLO likes to dilute/ R/S like none’s business As May 18, 2006 there were 9,970,540,904
Effective June 15, 2006, the registrant completed a 1 for 1,000 reverse stock split of its issued and outstanding common stock. After the reverse stock split, the registrant will have approximately 9,970,541 shares of common stock issued and outstanding.
Short 580 shares
Volume Friday the 11th: 134,086,333

Now I have no love for pclo don’t ever buy this stock. But what happens to shorts in a company like this issues billions of shares a year and reverse splits so often? This stock might be a good case study to see how NSS lowers their Short volume pre/post split.

500 shares short 9mil shares out on after split June 15 but did they have 500 shares short pre split when there was 9BILLION SHARES OUT?

Let’s see what short volume is for next month for this stock. I don’t know what the current Outstanding is maybe we should fax to the TA agent to get a better idea but I am sure it is not 9mil as it was June 15th.
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By Chucky on 8/13/2006 2:40 PM
Bob,

On-line Complaint Form
Information About This Form and the Utah Division of Securities

http://www.securities.utah.gov/complaint_general.html
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By Catfish on 8/13/2006 3:14 PM
Another article regarding the Utah suite:

http://www.blackenterprise.com/yb/printarticleyb.asp?section=ybbf&story_id=96223298&ID=blackenterprise
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By PhantomCertificates on 8/13/2006 3:51 PM
Is it just me, or are we calling this problem by the wrong name. I mean, failing to deliver is how politicians have created a career for themselves. It's practically their moto isn't it?
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By Steubenville on 8/13/2006 4:26 PM
It sure is easy. How about Assistant Attorney General, State of Utah, title for R.Wayne Klein. but then you already knew that. Please keep up the good work.
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By newspapernyt5000 on 8/13/2006 4:58 PM
Couple of interesting points and questions about PCLO.


PCLO was put on a no buy list recently FOR an online brokerage (I think it was for tdameritrade).

Someone here posted that list a few days ago.

If you already own some of these stocks one can only sell them.
PCLO was on that list no buy list but as far as I know PCLO is not on the REG SHO LIST.

How does this stock have 130mil in volume if it cannot be purchased through major online brokerages?

Does dilution create volume in a stock? We all know pclo dilutes like no ones business.

Who is buying this turd to sustain such a massive amount of volume?

All retail investors must know by now to never ever purchase this stock as all they do it revere split after they issue billions and billions of shares.

On june 15th the shares were reset from 9billion to 9million. Are they up to at least 150mil now? It would not shock me if pclo issued at least 150mil or 1 billion shares already as they always run up to the billions and reset. We need a T/A fax to get the new current share count. But again who is buying 150mil shares?

Volume last Friday was around 150mil.

What is going on here? Are hundreds of millions of shares just being bounced from one brokerage firm to another?
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By newspapernyt5000 on 8/13/2006 5:11 PM
What just happened in UTAH stinks. I thought this was going to be some sort of victory for us.

Right now the scoreboard looks something like this
CRAMER (overlords) and the WSJ 1trillion - US shareholder and (plebs) citizens = 0

Alas we win nothing but anger and agita.

Sorry if my writing about pclo is off topic. Is this allowed? I want to get the word out on a new topic and I know people read the comments here more than the forums.
But if off topic is a no-no and a nuisance just let me know and I will not verge off of the topical issue of the current news item.

Thanks to BOBO Patch and all the other freedom fighters on this board. Viva la resistance.
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By bobo on 8/13/2006 5:49 PM
Newspapernytimes5000. I'll allow it because it is another example where something seems wildly out of whack, however I think we all got the point now, thus repetition isn't needed.
The Nefarious State of Government By robelita on 8/13/2006 6:43 PM
Is ANYONE truly shocked at the recent turn of events? While people in this country debate the Democrat/Republican solutions to the ills we collectively are forced to suffer few seem to understand NEITHER political party has ANY intention of deviating far from the staus quo. In this regard they are one and the same. The ONLY political solution is to clear the House AND Senate of ALL incumbents and members of either political machine. Reformation will NOT occur as long as Americans remain fixated on the notion that our leaders MUST ascend from one of only two political platforms. A rainbow coalition does not arise from a black and white foundation. Advances are made only by those who can think outside of the box and have the ability to follow-through with determination and tenacity. Einstein and Edison both concluded imagination is the spark which fosters profound change yet it is long hours, sweat and determination which takes us from theory to application. At present, we collectively lack a consensus to usher in the requisite determination needed to effect meaningful change. Given this, any hope of market reform within the context of current government is an exercise of complete and utter futility.
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By kevin on 8/14/2006 7:19 AM
They think they can delist in the US, but they can't. They will just end up with an AIM and a Pink listing and the shorting will probably get worse because of international arbitrage.

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/08-14-2006/0004415495&EDATE=
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By aldigit01 on 8/14/2006 11:21 AM
Or, if said Klein was removed from his position, wouldn't the SIA suit then be targetted against an individual no longer in a position to have a meaningful impact on the suit?
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By Seeker-O-Justice on 8/12/2006 3:35 PM
After reading about this umpteenth example of the high and mighty getting a free pass, I can only wish that some poor soul who has been financially wiped out by these NSSing bozos and/or perhaps has just been diagnosed with a terminal disease, takes it upon him/herself to defend him/herself and this great country by taking up arms (perhaps an uzi or some such), just as our forefathers implored, and wreaking postal veangence on these corrupt SOBS. I would raise my glass and make a toast to such a fine individual and sleep soundly, knowing that TRUE and appropriate justice was finally meted out. It seems that is the ONLY way these arrogant scum can or will be held accountable, sad to say. Maybe then something might change, though I doubt it.
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By I wish Cancer on all of them on 8/12/2006 4:14 PM
and when they need a cure they can call a hedge fund. disgrace
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By Weston Nwarocki on 8/12/2006 4:33 PM
Excellent Cartoon Going to forward it to some peoples.
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By mhelburn on 8/12/2006 4:47 PM
love the cartoon... The cure for that uncomfortable condition that causes waivering or wavering is an appointment to some position that doesn't require one to have to deal with voters... one can get revenge on the masses... like being on the Commission... Commission of Crime... wa·ver (wvr) It is all about what is best for the priviledged few.

Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By Niel Storts on 8/12/2006 5:24 PM
Seeker. Why do you think the home addresses of the main culprits were included in those law suits? They are now public information. Proves the old addage about just because a person is paranoid that doesn't mean that there are plots being initiated against them. Sleep well, sweet prince.
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By rtway1 on 8/12/2006 5:32 PM
And to think that I was honestly thinking of buying land there for retirement. I was under the impression this state was unique and really took care of its residents, what a mistake that would have been. At least they showed their real colors sooner rather than later.
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By Big Amy's Daddy on 8/12/2006 6:48 PM
I was troubled last night about this here situation in our great state of Utah so I asked one of my wives what she thought. She said she was too tired to think about it but said I should ask her sister or Mom the next time we was having sex in the next room or across the hallway. So I asked her sister what she thought and she pointed out of the window and said that I had received a sign. I looked out and same an ugly cur dog humping a goat so I asked her what it meant. She said that the dog represents the securities industry and big money interests and the goat represents Utah.
I asked her to explain because all I see is a dog humping a goat. She asked me why the goat wasn't running away. I responded that maybe the goat likes being humped by the dog. Exactly she replied. It was right there plain as day in front of my eyes and yet I failed to see it.
I can see it all clearly now and expect to have a good night's rest after I spend some time with their cousin.
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By interested on 8/12/2006 8:13 PM
Everyone should send a roll of toilet paper to Utah's Governor, to represent the IOUs the shareholders receive as stock when they purchase stock.....
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By ginger on 8/12/2006 8:39 PM
... and I emailed to thanked that guy for having guts to stand up for us and pass that law!

What do I tell him now?
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By jojo on 8/12/2006 9:22 PM
enjoyed the cartoons. thanx for all your incredibly valuable input, research and analysis....even in times of 2 steps backwards...so utah courts knuckle under to the power of the federales. hmmmm, wonder how they grabbed the little state leader guys by the nuts...hmmm thinking about that big nuclear pile of waste being aimed at utah last time i heard. now maybe state yesmen who cooperate w. the federales can get some political cover from future wrath of its citizens on proposed "nuclear facility"...if they "cooperate"
now i'm not stating any fact here....just considering possible reasons for this cowardice...just tryng to think like a federale official. keep watching for future quid pro quos. after all the big fat financed federal gubmint can make things go easy for you little ole states or it can make your state a no man's land. hell, the even believe they are the leaders of the free world...whatever the hell that means.
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By teacheric on 8/12/2006 10:23 PM
perhaps patrick byrne could strike up a deal with Buffet to buy out the company at a very hefty premium and then donate much of OSTK's profits (when it becomes profitable) to charity. I know this doesn't help the system, but I think with all the stalling, OSTK could be delisted given enough time. With all the ftd's at these lower levels, can you imagine what a share price of $50 per share buyout would do to shorty?
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By Craig Cunningham on 8/12/2006 10:59 PM
For the record, the North Koreans will NOT stop misbehaving...they shot at a guard post last week.
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By Take a Bite Out of NSS on 8/12/2006 11:34 PM

The Grumpy Old Man reacts to the Utah delay:

In my day, we didn’t have no SEC whenever someone stole our money. We’d spend months digging taters out of the ground night and day just to get enough pennies to fill a dirty pickle jar. Then we’d take the jar down to a guy who said he’d buy us a share of RCA. Well, we never seen that guy agin’, but later we’d got a bill from him sayin’ we owes him six thousand dollars ‘cause the “trade went agin’ us”. So, we’d spend the next ten years diggin’ up taters with our bare fingers to pay him off or else go to what he called “investors’ prison”, but that’s the way it wuz, and we liked it!

And we didn’t have no fancy-talking Richard Shelby or them snooty la-de-da Senate Banking Committees to keep an eye on that Wallstreet feller. No, all we had wuz a big fat whore named Bertha who sat down by the post office. She smelled like cream cheese and vinegar, and that’s only if you were upwind of ‘er. We’d say, “we didn’t get no share of RCA and now we owes six thousand dollars”. Well, she’d take one look at us, and belch, “finders keepers”, and then she spanked each of us with a rusty pitchfork. Instead of helpin’ us, we’d be diggin’ tater’s with our bare fingers while Bertha smacked our butts, but that’s the way it wuz, and we liked it!!

And when we wuz cheated, we didn’t have no fancy State of Utah to go crying to: “Oh boo-hoo, boo-hoo, help us State of Utah, ‘cuz we been fooled by mist-cree ants agin’!” Our government wuz made up of nothin’ but a bunch of retarded insurance salesman who spit when they talked. So, instead of helpin’ they’d be a-tryin’ to sell us hole-life poly-seas while a-soakin’ us with their bodily juices. We’d try to cover our faces to stop the gooey fluid, but our bony fingers’d be useless. So there we wuz, diggin’ taters with our bleedin’ fingers, while Bertha spanked our swollen buttocks with a rusted pitchfork and retarded insurance salesmen spit at us so much we’d be gasping for air, but that’s the way it wuz, and we LIKED IT!!!
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By kevin on 8/13/2006 6:43 AM
#11 Utah, spells "Hate You" (Hat U) backwards. Sorry investors.
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By gravedancer_2 on 8/13/2006 7:24 AM
Funny, I got kicked off the Yahoo boards for stating that Jim Cramer was being investigated by the SEC. Seems that when I looked under a few stones, I found implicating items on Mr. Cramer and Naked Short selling....Looked under more stones, found more worms....Must have hit a nerve. Anyway the SEC knows about it....Just wondering if I should go public and TELL IT ALL BROTHER, TELL IT ALL!!... CNBC may be looking to make a few changes in the 6:00PM time slot??....

My only problem is that I need to, at last, monetize my efforts...

Jest sitting here scratchin' my head and thinking....and sometimes I jest.. scratch my head...

j
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By Wicked World on 8/13/2006 8:18 AM

gravedancer_2,

"Anyway the SEC knows about it....Just wondering if I should go public and TELL IT ALL BROTHER, TELL IT ALL!!"


I firmly believe that the SEC primarily "secrets" away and hides info and flat-out runs interference for Big Money. I do not think that they do it purely for selfish reasons. I think they fear Big Money and what Big Money can do to the system and by extension the SEC. Therefore they spend much time simply trying to "contain" Big Money with a lot of Hot Wind and the occassional wrist-slap.

Remember Gary Aguirre. All I need to know.

So whatever you know about that you think the SEC knows about you can be sure they are doing a first-rate job of keeping a VERY tight lid on it. In perpetuity.
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By bobo on 8/13/2006 8:28 AM
Folks, I've been turning over rocks too, and I don't think this has anything to do with the governor. Apparently one of the guys named in the suit was against this law all along, and once the suit was filed, he basically did a deal behind everyone's back, and presented it as something it wasn't. This would be an explanation that required several things: 1) A scumbag beholden to big Wall Street money who is in a regulatory or lawmaking role. 2) The desire on the part of that scumbag to sabotage any efforts to effect meaningful change. 3) The belief by the scumbag that whatever happened after, that it was worth it.

Not saying that is exactly what happened, but as I speak with folks who are more than conversant with the issues, that is what keeps coming up. I could name a name, but it doesn't really matter what the scumbag's name is. What matters to me is whether the state of Utah will allow its lawmaking to be hijacked by a snake in the grass.

I'm working on this part of the story.
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By Wicked World on 8/13/2006 9:02 AM

Bobo,

When you say "Apparently one of the guys named in the suit" are you not referring to the SIA suit filed 7-28?

That suit had just one (1) defendant, right?
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By sealman29 on 8/13/2006 9:21 AM
My take is that someone high up in the Fed system intimidated one (or both) of Utah's senators by threatening to cut off funds or favors for special interests or federally funded projects such as highways, schools or any number of other projects. These behind the scene deals are SOP. It will be interesting to hear what Hatch has to say about it in the days ahead.
We may learn the truth someday, but in the meantime I keep my hopes up reading the BunnyNews. Thanks EB.
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By browntrout on 8/13/2006 9:24 AM
Bobo- Name the names- out the villains- get em locked up. Lights on the cockroaches is the only thing that works.
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By ckza on 8/13/2006 10:32 AM
Leo Wanta and the Bush, Clinton, escapades surrounding 27.5 Trillion Treasury dollars that were STOLEN?

If this story is "non-fiction," then it seems to pale the whole NSS conundrum.

Additionally, if this story is non-fiction, then it could be directly tied to all the world's hedge fund shenanigans which are at the heart of NSS.

Bobo, or anyone else, would you please comment on the validity behind this scandal? TIA

http://rense.com/general72/fedd.htm
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By bobo on 8/13/2006 10:39 AM
My info is that the securities regulator never wanted this law to go into effect in the first place, and did an end run around the governor to achieve this accomodation. Why did they name him, rather than the judiciary, or the governor, or the office rather than the person? Perhaps so he could torpedo the rule before it could ever get put into effect? Sort of a back room, "Hey, no sweat, I'll negotiate to never have the dumbass law go into effect - the rubes will never know what hit 'em..."

Again, this is rumor, and could be incorrect, but I think it would be a good idea to write to the governor and ask him what role R. Wayne Klein had in making him, and his government, look like a bunch of lying horses asses.

Just a question, really, and worthy of an answer, when the head of state says one thing, and then his actions are a 180 degree about face. We deserve to understand who made what decisions and who was informed about it.

Don't you think?
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By gregcable2002 on 8/13/2006 10:55 AM
Should be easy to find out who R.Wayne Klein is beholden to.
Re: Utah's New Slogan: Turn That Frown Upside Down, Mr. Market... By cynabear on 8/13/2006 11:04 AM
hey Bobo loved the cartoon and the neck brace was an inspired tour de force! i am begining to think we need to start a hedge fund and have an embedded reported show how a group of ordinary citizens can make a kazzilion dollars illegally and we then all go retire in some beautiful place with no extradition treaties??? anyone up for a pre retirement adventure??? sheesh.................

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