Comments on: Mr. President, Settle the Trades

By: Friday’s Links Value Plays

Friday’s Links Value Plays — Tue, 08 Sep 2009 04:28:51 +0000

[...] – The trades should settle [...]

By: Robot Vacuum Cleaner

Robot Vacuum Cleaner — Sat, 04 Jul 2009 15:22:00 +0000

Your blog Mr. President, Settle the Trades | Deep Capture: exposing the crime of naked short selling was interesting when I found it on Saturday by accident while searching for robot vacuum cleaner price online. It’s funny what you could find on the internet sometimes. I’d have to agree on what you have to say, although it may seem like a wrong choice, but nontheless an interesting subject. Enough said, keep up the good work my friend!

By: House of Cards

House of Cards — Sun, 22 Feb 2009 23:29:26 +0000

The slide presentation/video that was prepared showing Shorty, Abe Lincoln, basketball player, etc. was excellent.

I believe others will “get it” when they see the slide where phantom stocks magically keep multiplying …one stock certificate…two stock certificates..three stock certificates, etc.

The above mentioned slide coupled with the slide showing how “phantom stock increases volume” and subsequently drives down price is a homerun.

(It might also be compared to the American Greed episode where a tenant takes out multiple mortages (totalling hundreds of thousands of dollars) on a house he is renting.)

State and City officials along with Calpers have a fiduciary duty to protect the assets entrusted to them. They may be just the pressure needed to persuade the Powers To Be to conduct a full blown investigation into this subject. After all, their own retirements and those of the largest union are at stake.

I wonder if the European Leaders will propose a complete ban on shorting on their exchanges as one of their new regulations? Would companies list on such an exchange? Would investors do business with brokerages using such an exchange?

By: tmcrnkuq

tmcrnkuq — Wed, 28 Jan 2009 10:05:21 +0000

By: 55 WATER

55 WATER — Sun, 25 Jan 2009 17:11:18 +0000

PUT THEM IN LUCITE HAMPERS

By: dee

dee — Sun, 07 Dec 2008 16:46:35 +0000

I am brand new to this game…
I will be running for Congress here in California – sometime in the future – this madness has got to stop! It starts at the top with Obama – get some frigging balls and step up to the plate…
bottom line – rule by karma principle and this would have never happened…
Where are the ethics? Do we sell out just to make a quick buck? Does anyone ever think that the Big Guy upstairs doesn’t like the Big Buy???
Comon guys – I’m a woman who thinks the boys clubs need to be busted up….and now!!!!!!!

By: pickled_shark

pickled_shark — Tue, 02 Dec 2008 09:33:41 +0000

If reform and oversight are to return to the SEC at the end of january, I expect the market beatings will continue at an unprecedented level for the remaining lawless months. Batten down the hatches.

By: n-tres-ted

n-tres-ted — Tue, 02 Dec 2008 04:26:46 +0000

Mark, on your use of 2 billion shares as the extent of known failed deliveries, I think the $258 billion figure that was shown on SIFMA’s balance sheet as of March 31, 2008, gives a reasonable estimate of total FTDs and FTRs including ex-clearing. SIFMA has modified its financial statements now so it no longer shows the balance sheet. I am confident the figure has gone up considerably during the bear attacks experienced this year.

By: Sean

Sean — Tue, 02 Dec 2008 04:15:01 +0000

Why is everyone scared to use the DTCC name? What is the big secret about? Thanks Mark. This is the common denominator in all this corruption. This BLACK BOX!!! Cox and all befre him were just pawns doing their masters’ bidding!!! Lets keep politics out of it and hope we can get a fair SEC Chairman this time.

By: ron doc

ron doc — Tue, 02 Dec 2008 00:46:40 +0000

Didn’t some major Wall Street money come his way?

If I heard it right Obama got more than the other guy…whaz his name?

By: rtway

rtway — Tue, 02 Dec 2008 00:19:09 +0000

I just find it hard to beleive that Mr. Obama would go after any of Charlie Schumers friends or even Shelby for fear of blowing the whistle. I see status quo.

By: kd

kd — Mon, 01 Dec 2008 23:50:14 +0000

You are smart to emphasize the black box nature of the DTCC.

I am left wondering why you are writing to the president. If your goal is to reform a black box program, your best course of action is to start an open source project to replace the black box system, and announce the project on SlashDot.

If you can make reforming the DTTC a cause celebre of the Linux community then you will have an army of people skilled at setting international standards on your side.

BTW, I bought the domain name OSRTX.com (Open Source Real Time eXchange) and offered to donate it to such a cause.

By: n-tres-ted

n-tres-ted — Mon, 01 Dec 2008 23:46:32 +0000

I’m probably not the first to say it, but I’ll go ahead. Robert Shapiro for Chairman of the SEC!!! He can then proceed to hire Gary Aguirre as his Director of Enforcement. That’s as good a way to start doing something right as any, so pass it on. Thanks again, deepcapture.com.

By: THE WHISTLEBLOWER

THE WHISTLEBLOWER — Mon, 01 Dec 2008 22:47:56 +0000

There has to be one person amongst the vast array of personel within the DTCC that knows enough about the inner sanctum of the bowels of the DTCC that is so disgusted, so morally disturbed that their sole knowledge would unravel this armegeddon of fanancial terrorism.

One person.
One short phone call to the right number

YOU KNOW WHO YOU ARE.
DO IT!

mazel