You don’t have to be an investor to be curious about what goes on behind the scenes in the financial markets. All the terms bantered about describing causes for our economic collapse are camouflage for the real underlying problem. The “bailout” which has become “bailouts” with a big S is one giant “short covering.”

If you are a CEO, it is your fiduciary responsibility to know this subject.

If you are a Broker and you don’t already know this, then you are shortchanging your clients.

If you are an Investor, this book will answer your questions about naked short selling.

If you are a Naked Short Seller – know that we’re educating an army.

Naked Short Selling is the reason behind the destruction of wealth in our country undermining everything from pension funds to bank solvency.

http://nakedshortsellinganditsabuse.blogspot.com/

If anyone cares to go pick a fight or you are just curious, by all means please go to one of these message boards (GMO and/or TC) and post something, please be sure to include a http://www.deepcapture.com link at the end of your post. I don’t think they can turn your access off until you’ve posted & deemed your content unacceptable. It would be awesome if a few hundred unique posters all linked to deepcapture ended up on these boards. I think that would really freak out the cheats! The boards I’ve been banished from are for GMO & TC…

Anybody game for causing some trouble?

ICE Begins Clearing Live Credit Derivatives Trades
« Result #1 Yesterday at 9:54pm »

——————————————————————————–
ICE Begins Clearing Live Credit Derivatives Trades

April 24, 2009, 03:44 PM ET

CHICAGO -(Dow Jones)- IntercontinentalExchange Inc. (ICE) this week began clearing live credit default swap transactions, a key step toward mitigating systemic risk in the $28 trillion market.

The move comes as ICE Trust, the credit derivatives clearinghouse launched by the Atlanta-based exchange in early March, crossed the $100 billion threshold in notional value of trades cleared.

ICE Trust remains the only clearinghouse for credit derivatives in the U.S. and the only such platform to do any business on either side of the Atlantic.

Chicago-based CME Group Inc. (CME) is readying its own CDS clearing and trading solution, a joint venture with the hedge-fund firm Citadel Investment Group, though no launch date has been set.

NYSE Euronext (NYX) rolled out its own clearing platform for credit derivatives in London last December, but, as of this month, that service had yet to handle any trades.

Up until this week, ICE Trust had been clearing pre-existing trades, as dealer banks backloaded positions into the clearinghouse.

Credit default swap indexes remain the only sort of credit derivatives clearable through ICE Trust, though ICE plans to eventually expand clearing capabilities to single-name instruments.

Authorities in the United States and Europe have pushed CDS dealers to clear credit derivatives trades, in a bid to improve efficiency and reduce the systemic risks exposed by the near-collapse of American International Group Inc. (AIG) last fall.

http://money.cnn.com/news/newsfeeds/arti….06_FORTUNE5.htm

SUNDAY, APRIL 19, 2009
LEAKED! Bank Stress Test Reults !
The Turner Radio Network has obtained “stress test” results for the top 19 Banks in the USA.

The stress tests were conducted to determine how well, if at all, the top 19 banks in the USA could withstand further or future economic hardship.

When the tests were completed, regulators within the Treasury and inside the Federal Reserve began bickering with each other as to whether or not the test results should be made public. That bickering continues to this very day as evidenced by this “main stream media” report.

The Turner Radio Network has obtained the stress test results. They are very bad. The most salient points from the stress tests appear below.

1) Of the top nineteen (19) banks in the nation, sixteen (16) are already technically insolvent.

2) Of the 16 banks that are already technically insolvent, not even one can withstand any disruption of cash flow at all or any further deterioration in non-paying loans.

3) If any two of the 16 insolvent banks go under, they will totally wipe out all remaining FDIC insurance funding.

4) Of the top 19 banks in the nation, the top five (5) largest banks are under capitalized so dangerously, there is serious doubt about their ability to continue as ongoing businesses.

5) Five large U.S. banks have credit exposure related to their derivatives trading that exceeds their capital, with four in particular – JPMorgan Chase, Goldman Sachs, HSBC Bank America and Citibank – taking especially large risks.

6) Bank of America`s total credit exposure to derivatives was 179 percent of its risk-based capital; Citibank`s was 278 percent; JPMorgan Chase`s, 382 percent; and HSBC America`s, 550 percent. It gets even worse: Goldman Sachs began reporting as a commercial bank, revealing an alarming total credit exposure of 1,056 percent, or more than ten times its capital!

7) Not only are there serious questions about whether or not JPMorgan Chase, Goldman Sachs,Citibank, Wells Fargo, Sun Trust Bank, HSBC Bank USA, can continue in business, more than 1,800 regional and smaller institutions are at risk of failure despite government bailouts!

The debt crisis is much greater than the government has reported. The FDIC`s “Problem List” of troubled banks includes 252 institutions with assets of $159 billion. 1,816 banks and thrifts are at risk of failure, with total assets of $4.67 trillion, compared to 1,568 institutions, with $2.32 trillion in total assets in prior quarter.

Put bluntly, the entire US Banking System is in complete and total collapse.

Bonifides

For those who may be skeptical about the veracity of the stress test report above, be reminded that only last Sunday, April 12, this radio network obtained and published a Department of Homeland Security (DHS) Memo outlining their concerns that returning US military vets posed a domestic security threat as “right wing extremists.” That memo, available here, is marked “FOR OFFICIAL USE ONLY” and contained strict warnings that it was not to be released to the public or to the media. We obtained it and published it days before other media outlets.

Details of certain aspects of the stress test reported above have now been CONFIRMED through REUTERS News service when they disclosed the risk-capital percentages publicly on April 6, 2009 at this link

Further, todays Wall Street Journal (April 20, 2009) is confirming at this link that lending by the largest banks has DECREASED 23% since the government began the T.A.R.P. program, causing many in Congress to ask where the money has actually been going. Apparently, it has been going into propping-up the failing banks instead of out in loans to the public.

Additional details and proofs are forthcoming. . . . . continue to check back on this developing story.

UPDATE 1154 HRS EDT April 20, 2009 –

The United States Treasury has openly and brazenly lied regarding our stress test report and we can prove they have lied about it.

This morning, the United States Treasury issued a statement (HERE) claiming they do not yet have the results of the Stress Tests, rebuking our report

How do we know its a lie?

Because of this from April 10th:

April 10 (Bloomberg) — The U.S. Federal Reserve has told Goldman Sachs Group Inc., Citigroup Inc. and other banks to keep mum on the results of “stress tests” that will gauge their ability to weather the recession, people familiar with the matter said.

The Fed wants to ensure that the report cards don’t leak during earnings conference calls scheduled for this month. Such a scenario might push stock prices lower for banks perceived as weak and interfere with the government’s plan to release the results in an orderly fashion later this month.

How can you be ordered not to release something you don’t have?

Since that was published on the 10th of April, we therefore know that the results exist and Treasury, the banks involved and The Fed have them, as The Fed was concerned that some banks might try to use them (perhaps in a misleading fashion) during their first quarter conference calls and earnings releases.

Sorry guys, but whether the Turner Radio Network has the real results or not is no longer material. What’s material is the claim that Treasury doesn’t have them, since they told the banks on the 10th not to release them, and you can’t release what you don’t have.

The problem with lying is that eventually you forget your previous lies and thus get caught when you contradict yourself.

http://turnerradionetwork.blogspot.com/

She’s a prostitute among business ‘journalists’.

( http://www.sec.gov/news/speech/2009/spch040609mls.htm )

Mary uses some beautiful words about the SEC, such as – “We are the investor’s advocate.”

I would like to ask Mary WHY she and the other SEC commissioners “stonewalled” seven United States Senator who wrote her a letter on April 2nd asking her to address “Abusive Manipulative Naked Short Selling” at the SEC meeting on April 8th?

The press summary of their meeting on April 8th does NOT MENTION the words “NAKED SHORT” one single time. Here is their press release:

ww.sec.gov/news/press/2009/2009-76.htm

So Mary wants us to believe the SEC is the “investor’s advocate,” but refused to talk about “Abusive Manipulative Naked Short Selling” at their meeting?

Mary we need actions from you against “Abusive Manipulative Naked Short Selling” to prove you indeed are “the investor’s advocate.”

I searched for Naked and found two documents.
Here is a paragraph from 1977 where “Naked Shorting” is mentioned:

“A principal strategy available to all such participants is the ability to generate additional income through premiums by the writing of options; this may be accomplished either by writing on long stock positions or writing naked ( “shorting” the option). Another principal strategy is that of hedging equity stock positions by offsetting (i.e. , “opposite side” ) positions in the standardized options. Both of the foregoing involve transferring to the options market some or all of the risk of holding a position in the underlying equity security. Hedging may also entail reducing risks on an options position by assuming offsetting options positions through so-called spreading transactions. And, of course, options are used as a highly leveraged, market instrument to speculate in potential price movements of the underlying equity security. Further, there is the strategy of arbitraging between options series of different expiration periods and striking prices and between options and the underlying security. However, the execution costs associated with arbitrage effectively limits that strategy to traders and market makers.”
( http://www.sechistorical.org/collection/papers/1970/1977_0128_SEC_MIC_material.pdf )

Ex-Fed Employee, Brother Arrested In ID Theft Scheme

April 24, 2009

(Updates with additional details, New York Fed comment.)

By Chad Bray

Of DOW JONES NEWSWIRES

NEW YORK -(Dow Jones)- A former information/technical analyst at the Federal Reserve Bank of New York and his brother were arrested Friday in an alleged identity theft scheme.

Curtis L. Wiltshire, who was terminated by the New York Fed in February, has been charged in a three-count complaint with bank fraud, fraud in connection with identification documents and aggravated identity theft, while his brother, Kenneth Wiltshire, has been separately charged with mail fraud and aggravated identity theft.

The bank fraud charge carries up to 30 years in prison and the mail fraud charge carries up to 20 years in prison. The identity theft charge carries mandatory minimum of two years in prison and must be imposed consecutively to any other sentence the men may receive if convicted.

The men are expected to appear before a U.S. magistrate judge in Manhattan later Friday.

Lawyers for Curtis and Kenneth Wiltshire didn’t immediately return phone calls seeking comment Friday.

According to the charging document, Curtis Wiltshire, 34 years old, of Staten Island, had access to computer files containing personal information about employees at the New York Fed, including their names, dates of birth, Social Security numbers and photographs.

On Feb. 15, Curtis Wiltshire was escorted from his workstation and interviewed by a Fed investigator regarding conduct unrelated to the charges, according to the complaint. He was terminated shortly after the interview.

A portable storage thumb drive was found connected to his computer at the time.

Prosecutors have alleged the thumb drive contained information related to fraudulent student loans purportedly taken out in late 2006 for attendance at Sarah Lawrence College and Vassar College using the identities of two persons who never attended those colleges. The loans were valued at about $73,000.

The thumb drive included an account statement from Sarah Lawrence in the name of one victim and an image of a check payable to that victim, an image of the Maryland driver’s license of another victim and a completed student loan application in the other victim’s name.

According to court documents, prosecutors have separately alleged that the brother, Kenneth Wiltshire, 40, of Brooklyn, was witnessed in October 2008 by a U.S. postal inspector picking up a parcel at a mail box reportedly used in an identity theft scheme. The parcel included loan documents for the purchase of a 2006 Sea Ray 340 Sundancer boat.

The loan was taken out in the name of an individual living in Brooklyn who had never applied for the boat loan and was a victim of identity theft, the government said.

Kenneth Wiltshire was later witnessed by the postal inspector purchasing three money orders that were sent back to the marine finance company with the executed loan documents and the copy of a counterfeit driver’s license with the victim’s information and the photograph of a former Fed employee, prosecutors said.

Another counterfeit driver’s license with the photo of another Fed employee also was found in the mail box in October, the government said.

“We’re aware of the case and cooperating fully with the U.S. Attorney’s office,” said Deborah Kilroe, a spokeswoman for the New York Fed.

http://www.nasdaq.com/aspx/stock-market-….id-theft-scheme

I should have noted that I am sent to a screen asking me to Sign Up for a Free subscription…. whereas, the other day I was not asked to do this.

That story in my first post needs to be a Deep Capture feature. The fact that this crime was being hatched as early as 1920 explains why it is so difficult to defeat now. Generations have been habituated to believe it’s just the way things are.

Tommy, the 1930′s security regulations give us tools, but they need to be enforced. I agree the states are the answer and UCC a current problem.

Another possible answer is the bank for international settlements, which “regulates” the DTCC and Wallstreet internationally for Geneva.

In my mind, the biggest solution will be to wake the average investor up, so they understand how the crime works. They are receptive, looking for the enemy with their tea parties, but don’t understand how they are being stolen from yet.

It’s not just stocks that are counterfeited. They have the nerve to raise debt money, then naked short into the offering, forcing the municipal, state or federal taxpayer to pay more interest, while they are able to borrow money at low interest, with no collateral from investors that think they are investing in a government bond.

They also do this with commodities, so the farmer that can’t pay his bills and doesn’t understand why grain is so cheap goes out of business or the mine that produces bullion has to close because it isn’t profitable.

The whole system is based on supply and demand of chits instead of supply and demand of the real thing.

http://media.www.eaglenews.org/media/storage/paper1344/news/2009/04/08/Opinion/Americas.Money.Story-3703728.shtml

From your post #1, it is clear that the Wall Street Abusive Naked Short PONZI SCHEME is not new. It goes back at least to the 1920s! (The links you supplied no longer work – they are for members only today)

I suppose what is new – is that the Wall Street Abusive Naked Short PONZI SCHEME was re-introduced under the nose of the past SECs and is now protected by the supposed “Wall Street Cops” – the SEC and NCSS.

You are on the unfortunate side of what I believe is a multi-trillion US dollar problem – so large that it is on the verge of sending the US economy into recession. If you check GeneMax Corp.’s press releases back to July 2002, the Company has started litigation in three countries suing most of Wall Street over the epidemic of “naked short selling” that exists since the US’s 3-day securities settlement system only applies to the payment side of the transaction and the share delivery side is routinely never delivered. The result is banks, brokerages, market makers, and hedge funds that sell non-existent securities and the NASD, SEC, and all other regulating bodies allow it to go on. The investor is none the wiser unless they attempt to actually obtain delivery of what they purchased. The broker statement you get only indicates what the broker said he purchased for you, and they say you can buy and sell it anytime, and they will sell those non-existent securities for you any time you wish, but the securities you actually thought you bought are not really there a lot of the time – it is all a big fraud on the investor. Our litigation and those of other companies that include AMEX, NASDAQ, and NYSE exchange companies show how large the dynamic really is. All you can do that I believe is effective is complain to the SEC in writing and demand a response, or sue your broker in small claims court. The SEC will not do anything but may if many others also complain. The suit will cost you little, and cost the brokerage everything. They will find you stock in short order. They know they have no defense to not providing what they contracted with you for.

I am available for further discussion per the contact numbers below. The further response you got from TD Waterhouse regarding “certificate only” reasoning is from the entity that is perpetrating fraud on you. I would not expect the answer to be correct.

GeneMax Corp.
Grant Atkins, CFO, Director