Comments on: A Bad Day for Criminals and the Journalists Who Love Them http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/ Independent investigations into illegal naked short selling. Sat, 07 Nov 2009 22:16:52 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: steve cornell http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-120182 steve cornell Fri, 05 Dec 2008 20:29:05 +0000 http://www.deepcapture.com/?p=431#comment-120182 bryne for sec leader he understands what is going on, please help all average americans bryne for sec leader he understands what is going on, please help all average americans

]]> By: Russ http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-98209 Russ Wed, 05 Nov 2008 20:25:08 +0000 http://www.deepcapture.com/?p=431#comment-98209 I see key players like Valerie Red-Horse is advising Native American tribal leaders and casinos and receiving leadership awards?! How is this possible? The criminals are still being rewarded and havent lost there licenses? I see key players like Valerie Red-Horse is advising Native American tribal leaders and casinos and receiving leadership awards?! How is this possible? The criminals are still being rewarded and havent lost there licenses?

]]> By: Patchie http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-51756 Patchie Wed, 24 Sep 2008 12:06:20 +0000 http://www.deepcapture.com/?p=431#comment-51756 The Questions You Won’t Hear on CNBC – September 23, 2008 David Patch This week must have been a sobering one for the news team at CNBC. Over these past 8 years CNBC anchors and commentators have fawned over the short seller without ever making the effort to dig deeper into how these people operate. The motto of each has been to engage in a PR campaign that included “Short Sellers are always right because they do more research than anybody else”. The team later taking the cue from such short sellers and ran the battle cry of “CEO’s who go out and blame short sellers are simply diverting their attentions away from the real problems within their company”. Never once did the CNBC crew acknowledge that predatory short selling could actually damage a good company. In fact, just the opposite, Short Sellers can not impact sound companies is what they presented to the public. Guess what. This week General Electric, the parent to CNBC, contacted the Securities and Exchange Commission and requested that General Electric be placed on the short sale ban list. CEO Jeff Immelt was not at all amused at how hard the GE market was hit by short sellers feeding off allegations of huge losses associated with the GE Capital Division. The GE market was driven below valuation and it was because of those nasty short sellers. GE, and CNBC were now the target. There goes my 401K they all thought. Read the rest by clicking on the link below: http://investigatethesec.com/drupal-5.5/node/418 The Questions You Won’t Hear on CNBC – September 23, 2008

David Patch

This week must have been a sobering one for the news team at CNBC.

Over these past 8 years CNBC anchors and commentators have fawned over the short seller without ever making the effort to dig deeper into how these people operate. The motto of each has been to engage in a PR campaign that included “Short Sellers are always right because they do more research than anybody else”. The team later taking the cue from such short sellers and ran the battle cry of “CEO’s who go out and blame short sellers are simply diverting their attentions away from the real problems within their company”.

Never once did the CNBC crew acknowledge that predatory short selling could actually damage a good company. In fact, just the opposite, Short Sellers can not impact sound companies is what they presented to the public.

Guess what.

This week General Electric, the parent to CNBC, contacted the Securities and Exchange Commission and requested that General Electric be placed on the short sale ban list. CEO Jeff Immelt was not at all amused at how hard the GE market was hit by short sellers feeding off allegations of huge losses associated with the GE Capital Division. The GE market was driven below valuation and it was because of those nasty short sellers.

GE, and CNBC were now the target. There goes my 401K they all thought.

Read the rest by clicking on the link below:

http://investigatethesec.com/drupal-5.5/node/418

]]> By: Jeremiah 9:24 http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-44659 Jeremiah 9:24 Wed, 17 Sep 2008 20:51:50 +0000 http://www.deepcapture.com/?p=431#comment-44659 http://www.cnbc.com/id/15840232?video=858994209&play=1 Gasparino in this video says CEO's of Morgan Stanley and Goldman called Cox today and said they are being hurt by naked shorting... And the SEC immediately jumped. They apparently met today to decide what else to do. Wonder why they did not jump when Dr. Byrne called, over and over? Or the 1000's of others who called, wrote, commented, etc. Truly, it pays to have "juice" when dealing with the SEC. http://www.cnbc.com/id/15840232?video=858994209&play=1

Gasparino in this video says CEO’s of Morgan Stanley and Goldman called Cox today and said they are being hurt by naked shorting… And the SEC immediately jumped. They apparently met today to decide what else to do.

Wonder why they did not jump when Dr. Byrne called, over and over? Or the 1000’s of others who called, wrote, commented, etc.

Truly, it pays to have “juice” when dealing with the SEC.

]]> By: RVAC106 http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-36909 RVAC106 Sat, 13 Sep 2008 21:02:18 +0000 http://www.deepcapture.com/?p=431#comment-36909 I keep asking myself the same question: Why isn't the American Public tearing their hair out, (or the hair of their elected officials,) over what we (the informed, or rather, the ripped-off) believe is the current situation, vis-a-vis the SEC, the Wall Street Cabal, the news/financial media, et al? I think it's partly because they don't believe it. They don't know who owns the FEDERAL RESERVE. They think it's the government. They don't know who owned FNME or Freddie Mac, up until last week. They thought it was the government. They don't know that the SEC's mandate is not protecting the investor on Wall Street, its' mandate is 'To restore investor confidence in the Equities System,' (Wall Street!) They don't know any of this, who owns the DTCC, how the short system tried to bankrupt the Country of Iceland. (Yes, the whole dang country.) Well, when they'd done their worst to the economy, by incentivizing the pushing of exorbitant loans on less than stellar home owners/purchasers and then pulling rug on the lenders, guess what? They started eating their own. Bear Stearns was the initial gambit, and the current target is Lehman. In the interim, they took down Fannie and Freddie, pocketed whatever they could steal, and threw the gnawed bones to the public, the taxpayer, the people they had just ripped off to the tune of billions. Now, we've not only lost OUR investment, (the stockholders are holding the stick, and that's about all,) they're now taking the future production capacity of our children, and our children's children, via the taxpayer backed bailout. Who outside of those of us who are involved in this would ever believe such a story? I have a close cousin who just went to work for the SEC. He seems not to know about any of this. I have another relative who owns stock, and works in the Legislature. He has no clue that he's one of the people being robbed. His eyes glaze over when I try to 'splain him. I think he just can't believe it. Bill Maher last night (I may not agree with him, but I don't think he's stupid,) admitted that when it comes to the economy, he just doesn't get it. I dunno how to get the message out, so that people will actually understand it. If they understood it, they'd believe, and then, and only then, will all hell break loose. We'll never recover our Fannie/Freddie money, or our PGSW money, or our NFI money. By the time the lawsuits pay off, all the money will either be 'elsewhere,' or the miscreants will go bankrupt. I don't see any scenario wherein we get whole. Maybe we can clean the streets for our progeny. One can only hope, but, if anyone has any ideas, I'd be happy to listen. Rvac I keep asking myself the same question: Why isn’t the American Public tearing their hair out, (or the hair of their elected officials,) over what we (the informed, or rather, the ripped-off) believe is the current situation, vis-a-vis the SEC, the Wall Street Cabal, the news/financial media, et al? I think it’s partly because they don’t believe it. They don’t know who owns the FEDERAL RESERVE. They think it’s the government. They don’t know who owned FNME or Freddie Mac, up until last week. They thought it was the government. They don’t know that the SEC’s mandate is not protecting the investor on Wall Street, its’ mandate is ‘To restore investor confidence in the Equities System,’ (Wall Street!) They don’t know any of this, who owns the DTCC, how the short system tried to bankrupt the Country of Iceland. (Yes, the whole dang country.) Well, when they’d done their worst to the economy, by incentivizing the pushing of exorbitant loans on less than stellar home owners/purchasers and then pulling rug on the lenders, guess what? They started eating their own. Bear Stearns was the initial gambit, and the current target is Lehman. In the interim, they took down Fannie and Freddie, pocketed whatever they could steal, and threw the gnawed bones to the public, the taxpayer, the people they had just ripped off to the tune of billions. Now, we’ve not only lost OUR investment, (the stockholders are holding the stick, and that’s about all,) they’re now taking the future production capacity of our children, and our children’s children, via the taxpayer backed bailout. Who outside of those of us who are involved in this would ever believe such a story? I have a close cousin who just went to work for the SEC. He seems not to know about any of this. I have another relative who owns stock, and works in the Legislature. He has no clue that he’s one of the people being robbed. His eyes glaze over when I try to ’splain him. I think he just can’t believe it.
Bill Maher last night (I may not agree with him, but I don’t think he’s stupid,) admitted that when it comes to the economy, he just doesn’t get it. I dunno how to get the message out, so that people will actually understand it. If they understood it, they’d believe, and then, and only then, will all hell break loose. We’ll never recover our Fannie/Freddie money, or our PGSW money, or our NFI money. By the time the lawsuits pay off, all the money will either be ‘elsewhere,’ or the miscreants will go bankrupt. I don’t see any scenario wherein we get whole. Maybe we can clean the streets for our progeny.

One can only hope, but, if anyone has any ideas, I’d be happy to listen.

Rvac

]]> By: laura Hearne http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-36746 laura Hearne Sat, 13 Sep 2008 19:04:08 +0000 http://www.deepcapture.com/?p=431#comment-36746 "The truth is out there!"- maybe a lame quote from a TV series, but you are helping to make it true. Without truth and some material changes in SEC enforcement, all the money in the market will dry up completely. Mark keep up the hard work, Keep the light focused on this fraud - "evil prevails when good men stand by and do nothing". These greedy thieves need to know God waiting for their souls, they can hope is a forgiving God, and I can hope for a vengeful one, since it is unlikely that justice will be served in this life. “The truth is out there!”- maybe a lame quote from a TV series, but you are helping to make it true. Without truth and some material changes in SEC enforcement, all the money in the market will dry up completely.

Mark keep up the hard work, Keep the light focused on this fraud – “evil prevails when good men stand by and do nothing”.
These greedy thieves need to know God waiting for their souls, they can hope is a forgiving God, and I can
hope for a vengeful one, since it is unlikely that justice will be served in this life.

]]> By: Ken Lay http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-35209 Ken Lay Fri, 12 Sep 2008 23:05:28 +0000 http://www.deepcapture.com/?p=431#comment-35209 My next door neighbor is a treasury agent and one day I asked him about a lot of this stuff and to my surprise he didn't deny it. He said that no matter what they do these Wall Street Perps are always one or more steps ahead of them. He said that they were all to dam smart and worked weekends. I guess the feds and the banksters are working a lot of weekends now days it seems in order to stay one step ahead of us. I'm starting to fear that they may get away with this while we watch. My next door neighbor is a treasury agent and one day I asked him about a lot of this stuff and to my surprise he didn’t deny it. He said that no matter what they do these Wall Street Perps are always one or more steps ahead of them. He said that they were all to dam smart and worked weekends.

I guess the feds and the banksters are working a lot of weekends now days it seems in order to stay one step ahead of us. I’m starting to fear that they may get away with this while we watch.

]]> By: james http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-34795 james Fri, 12 Sep 2008 18:21:02 +0000 http://www.deepcapture.com/?p=431#comment-34795 This is the story about Deutsche Bank and naked shorting that is too boring for the mainstream news to cover (from the wiki link above). The naked short daisy chain caused the largest SIPF payout in history. "Khashoggi, along with Ramy El-Batrawi, was the principal financier behind GenesisIntermedia, Inc. (formerly NASDAQ: GENI), a publicly traded Internet company based in Southern California. After the September 11, 2001 attacks, Khashoggi's U.S. based checking accounts were frozen and Khashoggi was unable to make a margin call with Native Nations Securities, whose CEO and largest shareholder, at the time, was Valerie Red Horse, former office manager of junk bond king, Michael Milken. In turn, Native Nations and Red Horse were unable to meet their obligations on the margin loan to MJK Clearing, Inc.[2][3] Trading in the stock of GenesisIntermedia was halted in September 2001. Khashoggi's unwillingness to pay his margin loan to Native Nations Securities, and Native Nations (and Red Horse's) inability to pay its debts to MJK Clearing, began a series of bankruptcies that ended in the largest payout in Securities Investor Protection Corporation history.[4][5] Native Nations Securities and MJK Clearing both eventually filed for bankruptcy.[6] Adnan Khashoggi's sister Samira Khashoggi Fayed was the mother of Dodi Fayed, who died with Princess Diana. He was implicated in the Iran-Contra Affair as a key middleman in the arms-for-hostages exchange along with Iranian arms dealer Manucher Ghorbanifar and, in a complex series of events, was found to have borrowed money for these arms purchases from the now-bankrupt financial institution the Bank of Credit and Commerce International with Saudi and US backing. In 1988, Khashoggi was arrested in Switzerland, accused of concealing funds, and held for three months and then extradited to the United States where he was released on bail and subsequently acquitted. In 1990, a United States federal jury in Manhattan acquitted Khashoggi and Imelda Marcos, widow of the exiled Philippine President Ferdinand Marcos, of racketeering and fraud.[1] He has also worked for Col. Ghaddafi of Libya in 1992 as a mediator." This is the story about Deutsche Bank and naked shorting that is too boring for the mainstream news to cover (from the wiki link above). The naked short daisy chain caused the largest SIPF payout in history.

“Khashoggi, along with Ramy El-Batrawi, was the principal financier behind GenesisIntermedia, Inc. (formerly NASDAQ: GENI), a publicly traded Internet company based in Southern California. After the September 11, 2001 attacks, Khashoggi’s U.S. based checking accounts were frozen and Khashoggi was unable to make a margin call with Native Nations Securities, whose CEO and largest shareholder, at the time, was Valerie Red Horse, former office manager of junk bond king, Michael Milken. In turn, Native Nations and Red Horse were unable to meet their obligations on the margin loan to MJK Clearing, Inc.[2][3] Trading in the stock of GenesisIntermedia was halted in September 2001. Khashoggi’s unwillingness to pay his margin loan to Native Nations Securities, and Native Nations (and Red Horse’s) inability to pay its debts to MJK Clearing, began a series of bankruptcies that ended in the largest payout in Securities Investor Protection Corporation history.[4][5] Native Nations Securities and MJK Clearing both eventually filed for bankruptcy.[6]

Adnan Khashoggi’s sister Samira Khashoggi Fayed was the mother of Dodi Fayed, who died with Princess Diana.

He was implicated in the Iran-Contra Affair as a key middleman in the arms-for-hostages exchange along with Iranian arms dealer Manucher Ghorbanifar and, in a complex series of events, was found to have borrowed money for these arms purchases from the now-bankrupt financial institution the Bank of Credit and Commerce International with Saudi and US backing. In 1988, Khashoggi was arrested in Switzerland, accused of concealing funds, and held for three months and then extradited to the United States where he was released on bail and subsequently acquitted. In 1990, a United States federal jury in Manhattan acquitted Khashoggi and Imelda Marcos, widow of the exiled Philippine President Ferdinand Marcos, of racketeering and fraud.[1] He has also worked for Col. Ghaddafi of Libya in 1992 as a mediator.”

]]> By: james http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-34783 james Fri, 12 Sep 2008 18:14:32 +0000 http://www.deepcapture.com/?p=431#comment-34783 Deutsche Bank was THE central player when MJK Clearing failed because of a naked short daisy chain. http://www.sipc.org/pdf/SIPC_dt.PDF MJK cleared for 175,000 investors and was brought down by presidential connected Saudi Arabian arms dealer Adnan Khasshogi on September 11th, 2001 by naked shorting and the mainstream media considers it too boring a story to cover. http://en.wikipedia.org/wiki/Adnan_Khashoggi Why has the general public never heard of this failure? Deutsche Bank was THE central player when MJK Clearing failed because of a naked short daisy chain.

http://www.sipc.org/pdf/SIPC_dt.PDF

MJK cleared for 175,000 investors and was brought down by presidential connected Saudi Arabian arms dealer Adnan Khasshogi on September 11th, 2001 by naked shorting and the mainstream media considers it too boring a story to cover.

http://en.wikipedia.org/wiki/Adnan_Khashoggi

Why has the general public never heard of this failure?

]]> By: ww2player http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-34450 ww2player Fri, 12 Sep 2008 14:10:31 +0000 http://www.deepcapture.com/?p=431#comment-34450 Last night the presidential candidates had their interview about public service and how to get more people invovled. I would like to say THANK YOU to all the Deepcapture team for your service to this country. You are giving more information on something that is in dire need of attention by criminal investigators to the public, than most of the regular news media combined. It appears that as more attention is drawn to the whole NSS RICO ring activities, some actions are finally being taken to address it. Small as those actions so far may be, I have no doubt with your continued efforts to inform and educate the public, the powers that be will be forced to step up and take action against the crooks and their supporters. THANK YOU for your Service to this country and it Law Abiding Citizens! You are making a difference for the better. Last night the presidential candidates had their interview about public service and how to get more people invovled.

I would like to say THANK YOU to all the Deepcapture team for your service to this country. You are giving more information on something that is in dire need of attention by criminal investigators to the public, than most of the regular news media combined. It appears that as more attention is drawn to the whole NSS RICO ring activities, some actions are finally being taken to address it. Small as those actions so far may be, I have no doubt with your continued efforts to inform and educate the public, the powers that be will be forced to step up and take action against the crooks and their supporters.

THANK YOU for your Service to this country and it Law Abiding Citizens! You are making a difference for the better.

]]> By: Jeremiah 9:24 http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-34439 Jeremiah 9:24 Fri, 12 Sep 2008 14:03:54 +0000 http://www.deepcapture.com/?p=431#comment-34439 The Commission is quite diligent in pursuing pump and dump scams; it is amazing they can not devote just a couple of employees to the far more prevalent short and distort scams. The reason the latter are so prevalent is that the idiots at the SEC are unwilling or unable to pursue them. At least that is one reason. The fact that they are far more lucrative can't hurt either. The Commission is quite diligent in pursuing pump and dump scams; it is amazing they can not devote just a couple of employees to the far more prevalent short and distort scams. The reason the latter are so prevalent is that the idiots at the SEC are unwilling or unable to pursue them. At least that is one reason. The fact that they are far more lucrative can’t hurt either.

]]> By: rick http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-34318 rick Fri, 12 Sep 2008 12:32:29 +0000 http://www.deepcapture.com/?p=431#comment-34318 "The Commission acknowledges assistance provided by the U.S. Attorney’s Office for the Southern District of New York and the Federal Bureau of Investigation in this matter." Unfortunately, the FBI turned this over to the SEC, who will only pursue civil penalties and a promise from the crooks that they'll never do it again. “The Commission acknowledges assistance provided by the U.S. Attorney’s Office for the Southern District of New York and the Federal Bureau of Investigation in this matter.”

Unfortunately, the FBI turned this over to the SEC, who will only pursue civil penalties and a promise from the crooks that they’ll never do it again.

]]> By: A reader http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-33463 A reader Fri, 12 Sep 2008 00:56:18 +0000 http://www.deepcapture.com/?p=431#comment-33463 U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 20712 / September 11, 2008 Securities and Exchange Commission v. Bruce Grossman and Jonathan Curshen, Civil Action No. 08 Civ. 7893 (PGG) (S.D.N.Y.) SEC Charges Two Stock Promoters With Market Manipulation The Securities and Exchange Commission yesterday charged two stock promoters with engaging in a fraudulent broker bribery scheme designed to manipulate the market for the common stock of Industrial Biotechnology, Corp. ("IBOT"). The complaint, filed yesterday in federal court in Manhattan, alleges that beginning in at least June 2008, Bruce Grossman and Jonathan Curshen engaged in an undisclosed kickback arrangement with an individual who claimed to represent a group of registered representatives with trading discretion over the accounts of wealthy customers. Unbeknownst to Grossman and Curshen, the individual actually was an undercover FBI agent. Grossman and Curshen promised to pay a 25% kickback to the agent and the registered representatives he purported to represent in exchange for the purchase of up to $3 million of IBOT stock through the customers' accounts. The complaint further alleges that from June 27 to July 2, 2008, Grossman and Curshen instructed the agent to purchase approximately 85,000 shares of IBOT stock for a total of approximately $76,000 through matched trades using detailed instructions concerning the size, price and timing of the purchase orders. Thereafter, Grossman and Curshen paid bribes of almost $19,000 to the agent. The complaint charges Grossman and Curshen with violating Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. The Commission seeks permanent injunctive relief, disgorgement of ill-gotten gains, if any, plus pre-judgment interest, civil penalties, and an order prohibiting Defendants from participating in any offering of penny stock. The Commission acknowledges assistance provided by the U.S. Attorney's Office for the Southern District of New York and the Federal Bureau of Investigation in this matter. From: http://www.sec.gov/litigation/litreleases/2008/lr20712.htm U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20712 / September 11, 2008
Securities and Exchange Commission v. Bruce Grossman and Jonathan Curshen, Civil Action No. 08 Civ. 7893 (PGG) (S.D.N.Y.)
SEC Charges Two Stock Promoters With Market Manipulation

The Securities and Exchange Commission yesterday charged two stock promoters with engaging in a fraudulent broker bribery scheme designed to manipulate the market for the common stock of Industrial Biotechnology, Corp. (”IBOT”).

The complaint, filed yesterday in federal court in Manhattan, alleges that beginning in at least June 2008, Bruce Grossman and Jonathan Curshen engaged in an undisclosed kickback arrangement with an individual who claimed to represent a group of registered representatives with trading discretion over the accounts of wealthy customers. Unbeknownst to Grossman and Curshen, the individual actually was an undercover FBI agent. Grossman and Curshen promised to pay a 25% kickback to the agent and the registered representatives he purported to represent in exchange for the purchase of up to $3 million of IBOT stock through the customers’ accounts.

The complaint further alleges that from June 27 to July 2, 2008, Grossman and Curshen instructed the agent to purchase approximately 85,000 shares of IBOT stock for a total of approximately $76,000 through matched trades using detailed instructions concerning the size, price and timing of the purchase orders. Thereafter, Grossman and Curshen paid bribes of almost $19,000 to the agent.

The complaint charges Grossman and Curshen with violating Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. The Commission seeks permanent injunctive relief, disgorgement of ill-gotten gains, if any, plus pre-judgment interest, civil penalties, and an order prohibiting Defendants from participating in any offering of penny stock.

The Commission acknowledges assistance provided by the U.S. Attorney’s Office for the Southern District of New York and the Federal Bureau of Investigation in this matter.

From: http://www.sec.gov/litigation/litreleases/2008/lr20712.htm

]]> By: rick http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-33447 rick Fri, 12 Sep 2008 00:45:41 +0000 http://www.deepcapture.com/?p=431#comment-33447 "Market discipline is best served when shareholders bear both the risk and the reward of their investment," said Treasury Secretary Henry Paulson in a statement Sunday But if you're naked-short, you get a free ride. (http://money.cnn.com/news/newsfeeds/articles/djf500/200809111918DOWJONESDJONLINE000957_FORTUNE5.htm) “Market discipline is best served when shareholders bear both the risk and the reward of their investment,” said Treasury Secretary Henry Paulson in a statement Sunday

But if you’re naked-short, you get a free ride.

(http://money.cnn.com/news/newsfeeds/articles/djf500/200809111918DOWJONESDJONLINE000957_FORTUNE5.htm)

]]> By: Reporter101 http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-33033 Reporter101 Thu, 11 Sep 2008 20:18:12 +0000 http://www.deepcapture.com/?p=431#comment-33033 Deutsche Bank is the 4th Reich 24" X 14", Pastel & Acrylic on Paper, 2002 http://www.onthecanvas.com/db4threich.jpg Deutsche Bank is the 4th Reich

24″ X 14″, Pastel & Acrylic on Paper, 2002

http://www.onthecanvas.com/db4threich.jpg

]]> By: krup http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-32976 krup Thu, 11 Sep 2008 19:41:34 +0000 http://www.deepcapture.com/?p=431#comment-32976 greenspan works for DB http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/13/bcngreen113.xml shocker greenspan works for DB
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/13/bcngreen113.xml
shocker

]]> By: acts_now http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-32780 acts_now Thu, 11 Sep 2008 17:34:38 +0000 http://www.deepcapture.com/?p=431#comment-32780 By the time Fairfax and Overstock.com get to court all these companies that are getting sued will be out of exsistence,all sporting new names owned in part by the federal government i;e taxpayers. By the time Fairfax and Overstock.com get to court all these companies that are getting sued will be out of exsistence,all sporting new names owned in part by the federal government i;e taxpayers.

]]> By: ozark http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-32735 ozark Thu, 11 Sep 2008 17:06:38 +0000 http://www.deepcapture.com/?p=431#comment-32735 Sad to say but I doubt that John Q. Investor has the fire in the belly to react to being robbed blind. Just take the general public's reaction to the cornering of the oil futures market by just a handful of traders. With every fill up at the pump, they were being skinned alive and now with the revelations where is the righteous indignation? So why would we think that those who buy securities would act any differently? Unfortunately, the fine art of tar and feathering and the outrage that produced it has been lost. However, the naked short crowd's greed is so great, that the stench of their corruption can no longer be covered up. Now even the SEC realizes that for its and the markets survival steps must be take to reign them in. Sad to say but I doubt that John Q. Investor has the fire in the belly to react to being robbed blind. Just take the general public’s reaction to the cornering of the oil futures market by just a handful of traders. With every fill up at the pump, they were being skinned alive and now with the revelations where is the righteous indignation? So why would we think that those who buy securities would act any differently? Unfortunately, the fine art of tar and feathering and the outrage that produced it has been lost. However, the naked short crowd’s greed is so great, that the stench of their corruption can no longer be covered up. Now even the SEC realizes that for its and the markets survival steps must be take to reign them in.

]]> By: dlk http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-32728 dlk Thu, 11 Sep 2008 17:01:20 +0000 http://www.deepcapture.com/?p=431#comment-32728 The problems surrounding the illegal shortselling activities of day-trading hedge funds -- who don't concern themselves with "borrows" or "FTD's" -- has been elaborated on most eloquently by Dave Patch in the below: http://investigatethesec.com/drupal-5.5/node/349 The problems surrounding the illegal shortselling activities of day-trading hedge funds — who don’t concern themselves with “borrows” or “FTD’s” — has been elaborated on most eloquently by Dave Patch in the below:

http://investigatethesec.com/drupal-5.5/node/349

]]> By: Spellchekk http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-32624 Spellchekk Thu, 11 Sep 2008 15:55:41 +0000 http://www.deepcapture.com/?p=431#comment-32624 So, the next logical step would be to get a list of companies that Deutsche Bank naked shorted. If any of my holdings are on that list and I suffered losses during that period, it would seem to be cause for a civil suit. I've lost my butt on options in companies that were heavily shorted. If it's proven manipulation was the cause, shouldn't I be entitled to recover my losses fromt he perpetrators? For what it's worth, I wouldn't be a bit surprised if Deutsche Bank was selling naked calls on the very stocks they were naked shorting. Wouldn't that be the perfect crime... Why not make money on both ends if you can control the share price? Chekk So, the next logical step would be to get a list of companies that Deutsche Bank naked shorted. If any of my holdings are on that list and I suffered losses during that period, it would seem to be cause for a civil suit.

I’ve lost my butt on options in companies that were heavily shorted. If it’s proven manipulation was the cause, shouldn’t I be entitled to recover my losses fromt he perpetrators? For what it’s worth, I wouldn’t be a bit surprised if Deutsche Bank was selling naked calls on the very stocks they were naked shorting. Wouldn’t that be the perfect crime… Why not make money on both ends if you can control the share price?

Chekk

]]> By: Spellchekk http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-32623 Spellchekk Thu, 11 Sep 2008 15:55:04 +0000 http://www.deepcapture.com/?p=431#comment-32623 So, the next logical step would be to get a list of companies that Deutsche Bank naked shorted. If any of my holdings are on that list and I suffered losses during that period, it would seem to be cause for a civil suit. I've lost my butt on options in companies that were heavily shorted. If it's proven manipulation was the cause, shouldn't I be entitled to recover my losses fromt he perpetrators? For what it's worth, I wouldn't be a bit surprised if Deutsche Bank was selling naked calls on the very stocks they were naked shorting. Wouldn't that be the perfect crime... Why not make money on both ends if you control the share price? Chekk So, the next logical step would be to get a list of companies that Deutsche Bank naked shorted. If any of my holdings are on that list and I suffered losses during that period, it would seem to be cause for a civil suit.

I’ve lost my butt on options in companies that were heavily shorted. If it’s proven manipulation was the cause, shouldn’t I be entitled to recover my losses fromt he perpetrators? For what it’s worth, I wouldn’t be a bit surprised if Deutsche Bank was selling naked calls on the very stocks they were naked shorting. Wouldn’t that be the perfect crime… Why not make money on both ends if you control the share price?

Chekk

]]> By: Reporter101 http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-32561 Reporter101 Thu, 11 Sep 2008 15:13:39 +0000 http://www.deepcapture.com/?p=431#comment-32561 correction to above...United Airlines. Reporter101 correction to above…United Airlines.

Reporter101

]]> By: Reporter101 http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-32554 Reporter101 Thu, 11 Sep 2008 15:10:44 +0000 http://www.deepcapture.com/?p=431#comment-32554 Another great article Mark Mitchell. As we move ahead, it is obvious to see who is behind the market manipulation (naked short selling) as each company comes forward filing legal action. Although the companies differ, the miscreants remain the same. Looking back in time, lets say 9-11-2001, there was huge put options in place against the market/American Airlines yet we were never told who was behind this . What are the chances the market miscreants who have clearly been identified are one in the same from yesteryear ? What commonality does today's financial crisis have with 9/11 ?, The mainstream media's once again uniformly ignores clear evidence of illegal market activity. http://www.hereinreality.com/insidertrading.html In my opinion, we see history repeating itself day after day and year after year. Sad times we live in. Reporter101 Another great article Mark Mitchell. As we move ahead, it is obvious to see who is behind the market manipulation (naked short selling) as each company comes forward filing legal action. Although the companies differ, the miscreants remain the same.

Looking back in time, lets say 9-11-2001, there was huge put options in place against the market/American Airlines yet we were never told who was behind this . What are the chances the market miscreants who have clearly been identified are one in the same from yesteryear ?

What commonality does today’s financial crisis have with 9/11 ?, The mainstream media’s once again uniformly ignores clear evidence of illegal market activity.

http://www.hereinreality.com/insidertrading.html

In my opinion, we see history repeating itself day after day and year after year. Sad times we live in.

Reporter101

]]> By: acts_now http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-32488 acts_now Thu, 11 Sep 2008 14:27:56 +0000 http://www.deepcapture.com/?p=431#comment-32488 Whats that sound I hear? That chincking noise coming from the attic? Dang,sounds like boltcutters? Going to have alot of work to do to clean up the mess left behind,hope its not to late? Whats that sound I hear? That chincking noise coming from the attic? Dang,sounds like boltcutters? Going to have alot of work to do to clean up the mess left behind,hope its not to late?

]]> By: dlk http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-32451 dlk Thu, 11 Sep 2008 14:03:07 +0000 http://www.deepcapture.com/?p=431#comment-32451 The reason Reuters said it was "not necessarily a failure to deliver the securities" is because ever since attention has begun to be paid to Failures to Deliver statistics, the shortselling cabal has shifted their strategy from "holding" short positions to instead closing out short positions at the end of every day. In this way, all that pesky locating, borrowing, and delivering is completely avoided. With the eliminationl of the uptick rule, and with wink and nod agreements with one's prime broker that shorted positions will not be held overnight (thereby requiring tracking and delivery), the predatory shortselling Cohen-Rocker-Chanos-Loeb, et al., community can collude with each other on what the day's targets are, dump massive quantities of phantom, counterfeit shares into the market intraday, destroy the share price, and leisurely collect their manipulated profits at the end of the day -- all without ever having to borrow or even locate a single share. The next day, rinse and repeat. I believe this INTRADAY naked shortselling of phantom, counterfeit shares massively dwarfs the FTD problem and has become the real problem in today's markets. The reason Reuters said it was “not necessarily a failure to deliver the securities” is because ever since attention has begun to be paid to Failures to Deliver statistics, the shortselling cabal has shifted their strategy from “holding” short positions to instead closing out short positions at the end of every day. In this way, all that pesky locating, borrowing, and delivering is completely avoided.

With the eliminationl of the uptick rule, and with wink and nod agreements with one’s prime broker that shorted positions will not be held overnight (thereby requiring tracking and delivery), the predatory shortselling Cohen-Rocker-Chanos-Loeb, et al., community can collude with each other on what the day’s targets are, dump massive quantities of phantom, counterfeit shares into the market intraday, destroy the share price, and leisurely collect their manipulated profits at the end of the day — all without ever having to borrow or even locate a single share.

The next day, rinse and repeat.

I believe this INTRADAY naked shortselling of phantom, counterfeit shares massively dwarfs the FTD problem and has become the real problem in today’s markets.

]]> By: Sam http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-32306 Sam Thu, 11 Sep 2008 12:19:15 +0000 http://www.deepcapture.com/?p=431#comment-32306 Mark-I've only read a few wire reports on Morgan Keegan, and correct me if I am wrong, but it appears rather than tie their star to claiming Gwynn's reports were true, they stated that he (Gwynn) believed them to be accurate. Seems they are leaving themselves some wiggle room to back off him further, as discovery goes on. That is if I am reading this correctly. At any rate, for them to do this in the middle of a law suit, speaks volumes. BTW, following the Rueters definintion of not actually fails to deliver, a thug held up a gas station at gun point. However, it is not actually armed robbery, because rather than just keep the cash, he had the intention of returning the money one day. :-) Mark-I’ve only read a few wire reports on Morgan Keegan, and correct me if I am wrong, but it appears rather than tie their star to claiming Gwynn’s reports were true, they stated that he (Gwynn) believed them to be accurate. Seems they are leaving themselves some wiggle room to back off him further, as discovery goes on. That is if I am reading this correctly. At any rate, for them to do this in the middle of a law suit, speaks volumes.

BTW, following the Rueters definintion of not actually fails to deliver, a thug held up a gas station at gun point. However, it is not actually armed robbery, because rather than just keep the cash, he had the intention of returning the money one day. :-)

]]> By: lenofus http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-32300 lenofus Thu, 11 Sep 2008 12:13:35 +0000 http://www.deepcapture.com/?p=431#comment-32300 You forgot to mention the Senate hearing today on the 100bb a year our pals at Broad and Wall are helping hedge funds steal from the Treasury. You forgot to mention the Senate hearing today on the 100bb a year our pals at Broad and Wall are helping hedge funds steal from the Treasury.

]]> By: Rich http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-32289 Rich Thu, 11 Sep 2008 12:06:40 +0000 http://www.deepcapture.com/?p=431#comment-32289 Mark, Excellent article! I look forward to the day when all of these low lifes are rounded up and charged with their financial crimes, although I doubt they will get what they deserve. Most likely a slap on the wrist and an insignificant fine. Mark,
Excellent article! I look forward to the day when all of these low lifes are rounded up and charged with their financial crimes, although I doubt they will get what they deserve. Most likely a slap on the wrist and an insignificant fine.

]]> By: rick http://www.deepcapture.com/a-bad-day-for-criminals-and-the-journalists-who-love-them/comment-page-1/#comment-32212 rick Thu, 11 Sep 2008 11:02:35 +0000 http://www.deepcapture.com/?p=431#comment-32212 This drama is highly addictive. I've tried to stay away, even succeeded at times, but this is building, and the excitement and anticipation can not be ignored. Thanks for the article, and the enlightenment, Mark. This drama is highly addictive. I’ve tried to stay away, even succeeded at times, but this is building, and the excitement and anticipation can not be ignored.

Thanks for the article, and the enlightenment, Mark.

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