Dave Patch just got in the FOIA data for daily FTDs on the NYSE, commencing January 3, 2005, and ending May, 2006.
You can view the data here. The first page is a graph, and then the second tab at the bottom gives you the raw numbers.
Here's what it shows. The SEC is lying when it says Reg SHO is working, or that it has had any positive impact to speak of on delivery failures. The last day for which data was provided shows 65 million FTDs. The first day of Reg SHO had 65 million FTDs. The number of total companies on the list has increased to 590 from 550. At times, the number spiked to 704 issues, and 172 million shares failed.
And our regulator considers this to be "working." As does Carol Remond, and the DTCC.
This is at best a farce, and at worst a slap in the face by a regulator so far gone as to be criminal in its duplicity. It has basically data mined to come up with some period it can say there was improvement, and has ignored that as of the final day, things were as bad or worse than when they started.
When is Senator Specter going to appoint a special prosecutor? How much worse does this have to get?
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So, I'm listening to the radio, to Dr. Byrne discussing NSS, on KFYI in Arizona, and off went a bomb.
Dr. Byrne said that Orrin Hatch is fearful for Dr. Byrne's life. And said that he wanted Patrick to get out the message that he would move the earth to get whoever did it, should Patrick meet with an untimely end - hit by a car, plane goes down, chokes on a chicken bone, takes two slugs to the back of the head in a "suicide."
I'm not misstating what he said, or amplifying it. That was the message. Loud and clear.
That is pretty serious stuff. When the Ranking Republican on the Select Committee on Intelligence is telling Patrick that he is worried about him remaining alive, and wants to let the bad guys know that they will have Hatch to contend with if they decide to off him, we are out of the, "Hey, these guys are soooo paranoid" territory and into, "Holy S, there's something to their fear for their safety."
On a related note, I'm sure that there are a few "journalists" who believe they know better than Intelligence Committee leaders, and believe that trying to expose my ID poses me no risk. I've had discussions with some that mock my fears. They take the tack that it is all silliness.
Now we have Byrne on the radio saying one of the most powerful guys in the US apparatus is afraid for Patrick's safety, and wants his message of promised retribution to be heard.
One of these is not like the other. On the one hand, we have the eye rolling, that's silly crowd, based in NY and working closely with Wall Street. On the other we have a guy that knows exactly how the dirty tricks work, and who the players are, and what they are capable of - because he is a member of a committee privvy to the most secret of the secret.
This is chilling stuff. Really. No hyperbole.
It is a great interview, and I hope I can get a blogcast or audio archive to link. It is really nuts and bolts, and positioned in a way the average person can understand.
But the revelation about the clear and present danger is scary stuff. And easily verified.
I'm guessing Patrick, as always, isn't bluffing.
Other nuggets from Patrick:
"Jim Cramer is as bent as they get. He says he's never heard of Gradient on his show, but there are emails between Becky Quick and Gradient where she is saying Jim loves the Gradient material."
"The SEC is in the pocket of Wall Street."
"The system could experience vapor lock, and make 1929 look like a Sunday picnic."
Pretty clear.