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Lying Liars Lie Redux

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Posted by:   bobo 10/2/2006 11:56 AM

So, we know from the NYSE FOIA data that delivery failures did not in fact decline from the beginning date of Reg SHO, to the last date of the report - they went from 65 million, to as high as 132 million, down to around 40 million, and finished up at 65 million, on that venerated exchange.

Which has us all scratching our heads, trying to figure out where the "improvement" in delivery failures that the regulators and their quislings have been publicizing happened, given that it sure as hell didn't take place on the NYSE.

So we speculated that it must have been on the NASDAQ and the OTCBB.

Because that's pretty much the only thing left, other than the minor AMEX data, which is insignificant compared to OTCBB and NYSE and NASDAQ.

Well, guess what? A FOIA on the FTDs for the OTCBB shows that when Reg SHO went into effect, there were 585 million FTDs on the OTCBB SHO list.

And as of March 31, 2006, there were 670 million.

Now, my math is usually pretty crummy, but I keep banging on my calculator, and I see that 670 million is a higher number than 585 million.

You can review the data here. 

So what's up with that? NYSE, no change, hence no improvement there. OTCBB, 20% or so more FTDs. So actually worse abuse there.

So where the F is the often-touted improvement that the SEC and Carol Remond and the DTCC are touting?

Is it possible that they are lying? That they are lying liars, whose lies are so easily shown to be lies that there is no legitimate response? But how could that be? A for-profit monopoly owned by the brokers and the banks, lying to us all? Our regulator, lying like a rug? Journalists knowingly parroting lies?

Could that really happen in America?

Is that bad? To have a reporting system composed of liars? Lying regulators? Lying liars who lie about their lies?

I don't know about you, but I'm seeing very troubling trends here. There is no way the SEC didn't know that SHO is a failure by every metric, at least as of March 31, 2006. So why did they cherry pick an artificial period designed to be deliberately misleading?

And why isn't Congress demanding someone's head on a pike - some remedial accountability? Who is running the ship? Which individual felt it would be a good idea to mislead the American public, so that Wall Street could make off with our retirements? And why has there been no punishment, no penalty for being a liar?

The facts are coming in, and they show a regulator making false and misleading statements to the investing public, which as more data becomes available, appears more egregious in its duplicity.

Disturbing questions, all.

And the most disturbing of all, of course, is how can you now believe anything the liar's club puts out - when liars can be counted on do only do one thing consistently: lie?
Copyright ©2006 Bob O'Brien
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Comments (56)
Re: Lying Liars Lie Redux By Tony Ryals on 10/2/2006 1:50 PM
Hey BooBoo,
I got you cited in the einnews.com 'chicken news' section.Too funny.Perhaps you should offer to do an interview for them or Patrick Byrne who is the butt of your chicken bone joke in the first place.Tell him to watch his back if he's in a room alone with Orrin Hatch or Oral Roberts for that matter.And don't take no wooden nickles from the angel Moroni.

Also too bad you didn't present that naked short scam to Tom Foley a little earlier,I think you could have had a wild eyed convert. Hee Heeeeee.....

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Re: Lying Liars Lie Redux By bobo on 10/2/2006 2:04 PM
Golly Tony, whatever you are talking about sure seems important to you, so by all means, carry on with it, I think...

I note that you don't comment on the hard data coming in showing conclusively that what you refer to as the naked short scam is in fact provably a large problem in the US equities markets. You know, the topic of the actual blog? I know that things like "facts" and "data" are probably rather abstract, when you are sucking on the exhaust from the incessant Guatemalan chicken buses making their way through the open sewers outside your window. Far better to ignore them and instead do the wild-eyed incoherent rant thing.

It's interesting in a sort of grim, snake-eating-a-pig way. But no more than one of these posts per week, OK? Any more will be deleted. This one I will allow as it is amusing in a car crash sort of fashion. Always nice to hear from you. Maybe 'lilGW needs some more help with his Wiki editing, or another 30 posts at his blog? Don't waste your valuable skills here....
Re: Lying Liars Lie Redux By anon on 10/3/2006 4:46 AM
from 2002

"While Lieberman was at the podium, a stocky LaRouche associate emerged from backstage, wearing a black shirt, white tie, black hat with feathers coming out of the top. He said, (very loudly) "Hey Joey, this is Vinnie 'Water' Mocassino.... I got the sack of money.... Where do you want me to put the money? I got the money from Steinhardt." Lieberman looked, but kept talking. Hillary Clinton, sitting on the podium, looked stunned. "Vinnie" continued, "Hey, Joey, where do you want me to put the money? I got the money from Steinhardt!" Lieberman was now stumped, until security finally reacted. As "Vinnie" was being dragged off, he protested, "They don't treat the family right any more ... back in Havana they treat the family right." The reference to the sources of DLC megabucks Michael Steinhardt's money, and substantial Lieberman campaign funds, could not be missed."

http://larouchein2004.net/pages/pressreleases/2002/020730timetogojoe.htm
Re: Lying Liars Lie Redux By wiki on 10/3/2006 4:51 AM
Bobo, if you look at the categories at the bototm of this page, he claims to be generation Y.

http://en.wikipedia.org/wiki/User:Mantanmoreland

Assuming he isn't lying, it means matanmoreland is born 1982-1994 and is 12-24 years old. That matches lil gw's emotional development, but physically, he seems older than that.

Oviously he could be lying, but that would imply he might not be lil gw. His son perhaps?

I think the article in dispute might be auto generated because it reverted back and forth so many times. It seems like it pays for us to keep endlessly editing, reverting it.

Unfortunately, even friendly reporters will look at Wiki to understand the issue.
Re: Lying Liars Lie Redux By wiki on 10/3/2006 4:58 AM
From Marian Polk's article,

"That suggests that short-sellers have been selling shares without actually borrowing them--a controversial practice known as naked short-selling."

should be

"That suggests that sellers have been selling shares then not delivering them --a criminal fraud known as share counterfeiting."

Can you imagine a reporter using that language anywhere else?

"Mr. Smith was murdered, a controversial practice some citizens oppose."

This has nothing to do with short selling. Many counterfeiters mark their sell tickets long. It has to do with fraud where they entered into a contract to sell the buyer something they had no intention of delivering.
Re: Lying Liars Lie Redux By wiki on 10/3/2006 5:00 AM
Do you think it has occurred to the SEC-DTCC cartel that if the average investor understood this fraud that their own heads would roll?
Re: Lying Liars Lie Redux By Stock Mafia(NASD & SEC) at work on 10/3/2006 5:41 AM
"In March, Pegasus (nasdaq: PGWC - news - people ) Chief Executive Jasper Knabb began getting e-mails from individuals in Europe who said they had questions about a private placement in Pegasus. Trouble is, Pegasus had not arranged a private placement.

Instead, a Nevis-based advisory firm called Oxbridge International had arranged it without the knowledge or authorization of Pegasus. According to e-mails and other records, Oxbridge representatives cold-called the investors and got them to invest amounts in the range of $1,700 to $2,800 each by wiring money to bank accounts in Spain or the U.S. and filling out a few forms. "

But the volume continued to accelerate beyond what some thought was normal-- beyond 1 million shares a day--and the stock, which peaked at $18.90 a share in late May, began a precipitous collapse.

Negative news reports started appearing, even as the company reported positive earnings and made plans to unveil its promising new technology that allows video streaming from a home computer to television sets throughout a house. In late August, Pegasus customers and suppliers began getting strange e-mails attempting to warn them away from Pegasus, claiming mismanagement in one of its majority-owned subsidiaries.

Records held by Pegasus' transfer agent indicated there may be as many as 30 million more shares out there than it has on record. That suggests that short-sellers have been selling shares without actually borrowing them--a controversial practice known as naked short-selling.

Knabb says he pleaded with market regulation officials at Nasdaq to look into the seemingly unusual activity, but it continued. The unrelenting pressure prompted Knabb to make a critical decision a week ago: he would voluntarily de-list his company from the Nasdaq rather than stick around.

"The fight is just beginning," Knabb said in an interview last month. "But I can't win a battle in this market when no one is willing to help us."


WHAT THE FUCK ARE THE REGULATORS DOING? This total ignoring of a major problem occurs almost daily in our markets and yet not one of these crooked bastards will raise a finger to stop it. Is everyone on the regulator side that crooked?
Re: Lying Liars Lie Redux By wordspy on 10/3/2006 5:47 AM
http://www.wordspy.com/words/bobo.asp
Re: Lying Liars Lie Redux By gregcable2002 on 10/3/2006 5:47 AM
But bobo,the sec and wall street are only helping to weed out the bad companies so in the long run investors will be protected,you know,future investors,our kids kids,and with the help of wall steet and thier buisneess analist they can drive all those bad companies out of buisness by diluting thier company shares out of exsistence.Can't you see,in the long run it'll benefit???ummmm,it'll benefit,ummm,well, you know who? All kidding aside,these criminals are going to pay someday,if not in this life the next.
AWYB still not on SHO. By newspaper on 10/3/2006 6:12 AM
How does this stock escape showing up on REG-SHO? Everyday the float is traded multiple times. I know a few longs that hold the entire float and they have not sold but this thing still trades at least 3x the float every single day. Why is this not on SHO?

And if this escaped SHO how many other stocks are not on SHO when they should be? This is scary.
Re: Lying Liars Lie Redux By davidn on 10/3/2006 6:42 AM
Some answers why it isn't on SHO:

- SHO only applies to US brokerages
- it doesn't catch pre-netting or desking
- much of the volume is fake trades. Either trades that are crossed to related parties then crossed back or trades that are later canceled.

We need to eliminate the foreign depositories, clearing brokerages, the DTC and Cede and create full transparency. The NSCC should host the company shareholder list on their computers and record YOUR brokerage as the beneficial owner.

In the days of the internet, clearing brokerages, depositories, Cede and the DTC are like buggy whips. The only purpose they serve is to keep the investor / horse pulling the wagon from turning around and seeing that they are being taken advantage of.
Re: Lying Liars Lie Redux By davidn on 10/3/2006 6:46 AM
The argument for netting was that it helped handle tremendous volumes. This made sense when paper certificates were literally couriered around the country, but in the days of computers, it makes no sense.

The only "benefit" to netting is that it hides a massive counterfeiting operation.

Shares should not be fungible and every trade should be trackable with a trackable delivery obligation.

Hey DTCC, when the volume goes up, buy another server. This is 2006 and they are cheap now.

If Google can do it, then your privately owned quadrillion dollar company can do it too.
Re: Lying Liars Lie Redux By bobo on 10/3/2006 6:57 AM
Marion: Just a reminder. Please don't post whole articles of copywritten material. Best to post a paragraph, and then the link.

Appreciate everyone's cooperation on this.
Re: Lying Liars Lie Redux By davidn on 10/3/2006 7:01 AM
Share counterfeiting is netting over time.

2006: "I take your money" and an "obligation is created"
2011: The company goes bankrupt, delist and the "SEC forgives my obligation"

I take your money
+ Obligation
- Obligation
______________

Nets to "I take your money"
Bob---QUESTION PLEASE... By Marc81 on 10/3/2006 8:24 AM
Would you please communicate what your understanding is on the SEC's next steps in the process in considering the amendments to Reg SHO? When are they expected to make their final ruling?

Thanks.
Re: Lying Liars Lie Redux By Y on 10/3/2006 8:39 AM
"Do Hedge Funds Hold 'Trade Secrets'?
Bulldog Investors' Phillip Goldstein says yes, and he's preparing to launch a battle with the SEC over its 13F disclosure rule

Fresh from his June victory against the Securities & Exchange Commission—in which a federal appeals court tossed out a controversial SEC rule requiring hedge funds to register with the agency—Phillip Goldstein is gearing up for another battle. Within the next month or so, the activist hedge fund manager at Saddle Sept 12, 1006Brook (N.J.)-based Bulldog Investors will file an application to exempt his fund from the SEC's so-called 13F rule that requires money managers with more than $100 million in stocks to disclose all holdings each quarter."

http://www.businessweek.com/investor/content/sep2006/pi20060913_356291.htm?chan=top+news_top+news+index_investing
Re: Lying Liars Lie Redux By bobo on 10/3/2006 9:29 AM
Mark: Well, my understanding is that after they allow the participants an extra month or two to submit letters outside of the comment period, they intend to pour gasoline all over the received comments, light them, and toast marshmallows. A few intent to huff crack during the proceedings, which might involve a ritualistic burning of the 1934 Act and the Constitution.

Then, the SEC will follow the carefully thought out advice of the securities industry, and implement token reforms to the useless rule, leaving in place or introducing a host of new loopholes and exemptions for investors to be fleeced with.

How long it takes to do so will be a function of how long they can stall.
Re: Lying Liars Lie Redux By msucog on 10/3/2006 9:30 AM
question: if the truth comes out and the individual investor relives the dot.com bubble bursting and pulls thier money, and then the market has a serious correction because of it, then wouldn't the mass shorts benefit from their own doing (i.e. setting the market up to fail and then betting that it would fail)? who's going to break the fall and catch all the people involved...the SEC? and please don't tell me "yes"...
Re: Lying Liars Lie Redux By davidn on 10/3/2006 9:46 AM
msucog, the other possibility is that we force reform and there is a short squeeze that transfers wealth from the thieves' pockets to ours. It could be the biggest bull market of all time at their expense.
Re: Lying Liars Lie Redux By Willie Loman on 10/3/2006 10:08 AM
Matanmoreland is Gen Y? Gee... what a surprise; another big-head meglomaniac dripping with irony and delusions of grandeur about his self-importance.....what a schmuck.
Re: Lying Liars Lie Redux By Willie Loman on 10/3/2006 10:28 AM
Although all the wiki comments are better served under the prior blog entries on the subject, the comment about Matanmoreland being Gen Y clarifies a lot regarding the type of person this d--khead is. Just what the world needs: another big-head dripping with earnestness and delusions of grandeur about his self-importance
Re: Lying Liars Lie Redux By Willie Loman on 10/3/2006 10:31 AM
Sorry about double post. I thought they appeared reverse chronologically and I couldn't see it (them)... :-(
Re: Lying Liars Lie Redux By virakiller on 10/3/2006 11:14 AM
right on InTheKnow
we will survive they will SETTLE THE TRADES or they will get beaten BADLY
no joke we see and we aint stupid
SETTLE THE DAMN MARKETS OR GET HURT SEVERELY
Re: Lying Liars Lie Redux By kevin on 10/3/2006 12:03 PM
The government is cracking down on alternative currencies. Isn't a counterfeit share entitlement a form of alternate currency?

http://americanfreepress.net/html/federal_reserve_fears_honest_c.html

Article One, Section 10, of the U. S. Constitution says, “No State shall make any Thing but gold and silver coin a tender in payment of debts.” It has never been repealed.

The Coinage Act of 1792 defined the “dollar” as a measurement of gold and silver—25.5 grains and 412.5 grains respectively, thereby setting the ratio of value at 16 to 1.

In addition, 12 USC 152 says, “The terms ‘lawful money’ and ‘lawful money of the United States’ shall be construed to mean gold and silver coin of the United States.” This is a federal law still on the books
Re: Lying Liars Lie Redux By Those dirty rotten Scumbags on 10/3/2006 1:05 PM
Anyone buying any stocks is out of their mind. The MM's manipulate every stock for themselves. You are playing against a stacked deck.

Someone tried to buy a stock today at the offer of .18 and the order was never filled. All the trades were done for manipulation. A stacked deck.

This SEC and the NASD could care less. As long as their pockets are lined... fuck the individual investor.

Those scumbags are now boosting the Dow to get the suckers to buy before they tank the market. More manipulation.
Re: Lying Liars Lie Redux By Tellit on 10/3/2006 1:27 PM
Bobo,

March 31, 2006 FTDs were 4xx million and MAY 31 FTDs were 670 million. Probably not relevant as it still shows a increase in FTDs from the start of Reg Sho to most recent data. Those are large numbers!!!
Re: Lying Liars Lie Redux By msucog on 10/3/2006 7:02 PM
good point...either way, it will not get better on its own so it leaves no choice regardless of the result. even if there is a correction, the aftermath should be a much more stable/fair trading market. i think i'm on the same page as you now...the mass short would be scrambling to cover no matter the pps just to keep from getting caught in the squeeze...
Re: Lying Liars Lie Redux By Puppets on a String on 10/3/2006 7:15 PM
It's sickening that the SEC lets these crooks do what they did to Pegasus Wireless (PGWC). The only time the SEC swings into action is when thier puppeteers pull their strings.
Education is the Answer By Craig on 10/3/2006 8:21 PM
Yes,
I can see what's really f*cked up in this country is that personal finance is not widely taught in this country. Admittedly I have no clue about other countries. Whenever I talk puts, calls and naked shorting, I usually get one of those deer in the headlights looks and the accompanying "I don't care - Its too hard for me to understand" attitude.

See all those times that students picket outside the World Bank in DC. Those twenty something punks could actually be doing something productive by sitting out in front of the SEC and the Capitol. Maube mom and dad won't approve because Junior is at George Washington University or Georgetown University and mom and dad have dough in the hedge fund - what the hell - imagine Thanksgiving when the parents hope the kid does well on his finals and all he does is bitch about fraud on Wall Street - LOL.

Education is the answer.

Re: Lying Liars Lie Redux By rtway1 on 10/3/2006 8:12 PM
Cancer and crime walk hand in hand as they share the same fate if unchecked or cured. For our government to turn a blind eye to this crime when evidence is put right in your face is the same as not using the vaccine for cancer, eventually it eats away the host or bearer. When a Dr. shows a patient of a tumor growing in your body or that of a loved one and it goes ignored that is criminal, because there has to be a motive as to why you don't take action. Are government is criminally guilty when they fail to take action. Someone should be taken away in a jump suit and soon. If not I see the unraveling of this country because the next game will be government bonds and that is full blown counterfiting, and Refco already proved that can happen. I hope somebody from the SEC has the gonads to be Zorro for the Americans.
Re: Lying Liars Lie Redux By davidn on 10/4/2006 3:24 PM
From page 24 of the DTCC annual report. You put out your cash and get a really low rate of interest because of the low risk of a government bond not realizing you have huge risk because it wasn't delivered to you.

"Although the industry’s volume of “aging fails” has
declined since hitting a peak in 2003, failed positions continue to
generate record-keeping problems and risk exposure for firms trading
U.S. government securities."
Re: Lying Liars Lie Redux By bobo on 10/4/2006 12:51 PM
Actually, if you look year over year, March of 2005 was in the 300 millions, and March of 2006 went anywhere from 500 millions. I particularly like the few days where over 1 billion shares were failed on the OTCBB alone in Spring of 2006 - over one year from when Reg SHO was implemented, and when the SEC was busy telling everyone that would listen how much improved FTDs were under SHO.

That is now shown to be a complete lie, by every metric.
Re: Lying Liars Lie Redux By Patchie on 10/2/2006 2:36 PM
Tony, You been drinking again?
Re: Lying Liars Lie Redux By mhelburn on 10/2/2006 2:40 PM
So on average... the fails are up? It's really scarey if the reports from the SEC were in earnest and they can't do statisics. You either have extreme incompetents or low-down dirty liars. Those two possibilities are not mutually exclusive.

Good job, Dave. I doubt that the SEC even looked at the stats. The only way they are going to know is for somebody else to do the math. Somebody at the SEC who really wanted to protect the miscreants misled the public. Who published that report?

They should have closed down CMKX 3 years ago, but they didn't... 50 million dollars later, they make a big public showing. If they would just demand that the trades be settled, they could use their resources to investigate frauds in a more timely manner. Penny stock frauds (1 wrong) and naked shorting (wrong number 2) don't make a right. Maybe they were scared of job loss... not enough fraud to go around to justify their jobs, so they created space for more with the exemptions and grandfathering.

Re: Lying Liars Lie Redux By davidn on 10/2/2006 2:49 PM
Over 80% of the dollar value cleared is government bonds. Believe it or not, they admit they also fail to deliver bonds!

Is that why they talk dollar value instead of number of shares? I think they include bonds in their fail data.
Re: Lying Liars Lie Redux By yung k on 10/2/2006 2:51 PM
The more I read this blog the more I lose cofidence on Wall Street I am so scared that I want to totally withdraw from the stock market. Wait a minute , that is what the shorts want. So is this blog helping the shorts to cover cheap?
Re: Lying Liars Lie Redux By davidn on 10/2/2006 3:10 PM
The DTCC discloses that they clear:

Equities Corp. Municipal Bonds: $130.7 trillion
Government Securities Transactions: $874.3 trillion
Mortgage Backed Securities: $75.6 trillion

Total: 1.0806 quadrillion dollars

When they say 1% fail, are they saying 1% of $1.0806 $quadrillion fail? Or are they saying 1% of $130.7 trillion fail? Or are they saying 1% of equities by value fail?

Why don't they break out equities? My best guess is it is around $13 trillion.

They wouldn't be basing their fail numbers on all fails including debt, when we are talking about equity, would they?

That would be misleading as debt including government debt and mortgages dwarf's equities ...
Re: Lying Liars Lie Redux By davidn on 10/2/2006 3:15 PM
I read this quote to include all debt and equities when only a tiny undisclosed fraction that clears is equities.

"According to the National Securities Clearing Corporation (NSCC), on an average day, approximately 1% (by dollar value) of all trades, including equity, debt, and municipal securities, fail to settle. In other words, 99% (by dollar value) of all trades settle on time. The vast majority of these fails are closed out within five days after T+3."
Re: Lying Liars Lie Redux By tommytoyz on 10/2/2006 3:16 PM
Average daily trade volume on the OTC and NASDAQ exchanges is about 4.2 Billion shares. So the new FOIA data shows that the number of delivery failures (old and new) represent 16% of daily trade volume.

And there's no problem?
Re: Lying Liars Lie Redux By davidn on 10/2/2006 3:22 PM
I think they are including share volumes / dollar value from debt to lie about the extent of the problem, while technically telling the truth.

Also, they are skipping desking, x-clearing and pre-netting (at clearing brokerages and foreign depositories) fails.
Re: Lying Liars Lie Redux By oldfeller on 10/2/2006 3:23 PM
When every shell has been turned over and the pea has vanished, who wins? The cop on the corner is saying "it`s your own fault for playing,you fool".
Re: Lying Liars Lie Redux By concerned citizen on 10/2/2006 3:55 PM
CMKX question. I see where the NASD fined NevWest for failing to spot HUGE red flags. But, has the SEC concluded its investigation. 250 BILLION SHARES SOLD????? no mention of what possible charges could be brought against the seller. is it possible a FORMER employee owned 250 billion shares? why would the nasd bring money laundering charges against NevWest IF the seller actually owned the stock? kudos to Patch for FTD data on otcbb. the only bigger swamp is the pink sheets. what do you think of the DTCC comment letter to the SEC ?
Re: Lying Liars Lie Redux By old rule on 10/2/2006 4:01 PM
This is the old NASD rule that was working in 2004. Note the comments from Patch and Bobo.

http://www.nasd.com/web/groups/rules_regs/documents/rule_filing/nasdw_016187.pdf
Re: Lying Liars Lie Redux By Niel Storts on 10/2/2006 5:42 PM
Every one of those scum ought to be taken out behind the barn. Thus far it looks like my original thought was correct. There isn't going to be any recourse found in the regulaters. Off with their heads. I will step up to the plate.
Question guys: why is Awyb not on Regulation Sho? By newspaper on 10/2/2006 7:09 PM
Question guys: why is Awyb not on Regulation Sho?
Everyday Awyb trades 3x the float.
What the hell is going on here? And why has this stock not made SHO?
Everyone by now should know the story it has shades of Global Links. Story goes: Reverse split and then it seems brokers “forgot” to adjust the share count.


How is this thing trading 3x the float every single day and not making SHO?

http://www.antandsons.com/wordonthestreet.html
Re: Lying Liars Lie Redux By Houlihan on 10/2/2006 7:15 PM
Must have struck a nerve, bobo.

Looks like somebody needs to increase their blood pressure medication, or maybe get a
script for xanax.
Re: Lying Liars Lie Redux By TR is a nut job. on 10/2/2006 7:16 PM
Why is this sicko posting on this board? Was he barred from lil GW's board or is he getting no attention over there?

Even the bashers at Ragingbull couldn't stand that psycho!
wiki page is garbage again. By newspaper on 10/2/2006 7:29 PM
All changes in the wiki article has been reverted back to the one sided propaganda that was there the other day. We can’t provide a link to any journalist that thinks naked shorting is bad, but they have links to Floyd Norris, Joseph Nocera, and Gary Weiss.

If you go to the discussion page the moderator will flat out tell you that the article cannot be a polemic, and that no opinion or Journalist articles are allowed. However it would seem Gary, Nocera, and Floyd are exceptions to that rule. I would be willing to bet if someone posted something from Remond that would stay as well.
Re: Lying Liars Lie Redux By Naked Shorting = Counterfeiting on 10/2/2006 8:07 PM
Time to start our own financial wiki where the truth can be told.
Re: Lying Liars Lie Redux By wiki on 10/2/2006 8:16 PM
Free WIKI software

http://www.mediawiki.org/wiki/MediaWiki
Re: Lying Liars Lie Redux By I Lost My Shirt on 10/2/2006 8:30 PM
The Wicked Wall Street Wiki
Re: Lying Liars Lie Redux By wiki on 10/2/2006 8:33 PM
Matanmoreland, the wiki vandal editor created the article on lil gw. How cute.

http://en.wikipedia.org/wiki/User:Mantanmoreland
Re: Lying Liars Lie Redux By bobo on 10/2/2006 9:31 PM
The irony is that the manipulators have ruined our markets, and because of their short bias, as long as the SEC doesn't enforce the rules, they will also benefit from investors leaving the markets - they benefit from shares going down in price.

That it is so badly rigged, and now all pretense of fairness is gone, sickens me.

As to Wiki, guess what? Matan is 'lilGW, per the Antisocialmedia.net article I read. And the agenda to keep the truth off Wiki is part of his job, evidently. When you have an editor removing links to letters from experts and securities regulators, and instead putting the untutored opinion of journalists with no market experience or advanced degrees masquerading as fact, you have a farce.

Wiki prefers to be a farce. So be it. When we simply roll our eyes as we catch our politicians and leaders in bald faced lies, and allow them to do the unthinkable in our names, we can expect that our lack of a moral compass will extend to our information channels, and our markets.

The American experiment is coming to an end. We are watching it fail, as we speak. This is how it looks. The truth can find no purchase, and lies are the currency of the day.

Sad.
Re: Lying Liars Lie Redux By Ratta Tat on 10/3/2006 12:03 AM
I'm no wiki expert but I remember reading a wiki once where someone stuck a big fat label at the top saying something to the effect "This article is under disagreement/debate and people should read the discussion pages". I think it's one of the formatting controls. Perhaps something like this can be placed across the Naked Short, Byrne, etc. articles.
Re: Lying Liars Lie Redux By MarionPolk on 10/3/2006 6:55 AM
Financial Services
Attack On Pegasus
Liz Moyer, 10.03.06, 6:00 AM ET

There's a hit out on Pegasus Wireless.

As if a 95% plummet in its stock price since May weren't enough, signs of trouble were already popping up before the Fremont, Calif., wireless equipment maker moved its stock from the over-the-counter bulletin boards to the Nasdaq national market in April.

http://www.forbes.com/wireless/2006/10/02/pegasus-attacks-shorts-biz-cx_lm_1003pegasus.html
Re: Lying Liars Lie Redux By InTheKnow on 10/3/2006 4:12 AM
Despite the SEC, NASDAQ, DTCC and all the Scumbags in CONGRESS we will survive.

SETTLE THE TRADES!

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