Deep Capture Forum is now live

The much-anticipated Deep Capture forum is now live and eagerly awaiting your participation.

The much-anticipated Deep Capture forum is now live and eagerly awaiting your participation.

You can get there by clicking here, or via the link at the top of every page on the blog.

At this point, the only live category is one requesting input on how to best structure the rest of the forum, meaning, which categories and subcategories will best accommodate the broadest range of discussion with the greatest amount of focus at the same time. Based on what we see in that thread, we’ll create the basis of a more permanent structure in the next day or so.

In order to minimize forum spammers, you will be required to register on the forum page in order to post. Reading forum posts, on the other hand, is open to everybody.

As the forum grows, we will also be designating administrators. More on that later.

Finally, I hope the forum option will make it easier for folks to keep their comments on the regular blog section more strictly related to the topic at hand.

Now, go have fun!

  1. I’m not sure if this is a problem with just my machine, but I am having issues logging in to the boards. I log in with my username and password, get a quick blurb that says “you are logged in, redirecting…”, then it takes me back to the main board saying “you are not logged in”. I have tried through both internet explorer and firefox, same results. I will try to log in on a different machine, but thought I’d post this in case others are having the same problem.

    Bravo for the boards guys, I am looking forward to being an active participant!

  2. Thanks for the forums, great idea.

    The forum topics should be broken into five areas, with four of them being moderated and more or less permanent for newcomers to research.

    1. An educational section. Articles by Dr. Decosta, Patrick and Judd’s videos, links to reports such as sec transcripts, filings by SRO’s, annual reports, focus reports, FINRA reports, etc. Most importantly, this is where people can try to concisely describe the problem, with most likely many attempts by different posters.

    2. A rogues gallery and wall of letters. Examples of SRO’s, lapdog journalists, captured regulators, bought politicans, dirty hedge funds, etc. caught in inconsistent behavior or working against shareholders.

    3. History. Examples of watered stocks from the 1920’s, hearings in 1930’s, articles from the 60’s and 70’s, cautions from real regulators back then, etc. This is where articles by RGM, thesanitycheck, faulking truth, investigatethesec and early efforts such as stockgate could be referenced.

    4. Library. Just documents that should be easily accessible, front and center.

    5. General Discussion

  3. Would someone please delete this IDIOTS’ posts from this forum. It has no place here. He is a basher from ragingbull by the name of Jonas Grumby using some of the good posters’ alias’ from there.

  4. Sean, weird as this may sound, this kind of bashing just adds more depth to this whole ordeal. This is a shining example of exactly the type of intelligent response I have come to expect from the counter-parties on this issue.

    To the person posting as “kilroy.killbasher” and “Darline”, post facts or STFU.

    LOL ROFL IMHO k/thx/bye.

    1. Sarge/Judd:

      As pointed out by excellent member, Sean. I believe the posts to which you refer were posted by a notorious lying message board basher normally going by a variation of “Jonas” from Raging Bull. I believe you have already removed the offensive posts, and good for you. He seems to have hit here posing as me and possibly Darlene as well. I noticed your response had “Killroy” (with two “L”‘s, whereas I use one. So, I suspect this to be true.

      They are doing all within their power to disrupt this site, and to spread fear-mongering among the other legitimate posters on Raging Bull. They have tried the measures you mentioned, and now they are telling posters on Raging Bull that DeepCapture employs hackers who will steal your identity in a heartbeat. They don’t like DeepCatpure, which, of course, means that I LOVE IT!

      Your continued good work has ruffled the feathers of these message board miscreants. Keep up the good work! Also, the expose’ on Milken is RIVETING!

  5. Hey Killroy and Darlene, now that the forums are live, off-topic comments will be removed from the blog space. And if I may say: marginally topical — but minimally worthwhile — comments like those you’ve made here may or may not survive long over there.

  6. Judd, the idiot that posted here earlier on is not the Darlene or Kilroy that may post on the live forum. Trust me they are not the same people. But Sarge was right,they have to be getting desperate to pull a stunt like this one. I have never seen them do something this blatant here. The noose must be tightening. Keep up the good work!!

  7. Jonas (Darlene) Janice Shell has been put on notice on IHUB you and Ragingbull are next. BANK ON IT!!! I hope you all go to Jail in short order. Getting desperate huh? lol!! Your time has come.

  8. On your forum, you should have a section for general (legal) shorting issues and a section for links / reading of general interest.

    Unlike many, i have concluded that all shorting should be abolished – if you don’t like naked shorting, you must cut the grass its hides in.

    Folks who feel the same can do something here

  9. Rob, I have always shared you opinion on this!! ALL forms of shorting should be outlawed!!! Why should people be able to profit on the demise of others? It is wrong. PERIOD!!!

  10. Jonas/ Darlene, I don’t think so.

    Judd this is the article and lawsuit that is bring the cockroaches out of the wood works.


    SEC Charges Eight Participants in Penny Stock Manipulation Ring
    The Securities and Exchange Commission (“Commission”) announced today that it filed a complaint in the United States District Court for the District of Delaware against Pawel P. Dynkowski, Matthew W. Brown, Jacob Canceli, Gerard J. D’Amaro, Joseph Mangiapane Jr., Nathan M. Michaud, Marc J. Riviello and Adam S. Rosengard. The complaint alleges that in 2006 and 2007, Dynkowski, a Polish citizen who resided in the U.S., engaged in market manipulation schemes with at least four separate stocks: GH3 International, Inc., Asia Global Holdings, Inc., Playstar Corp., and Xtreme Motorsports of California, Inc. As alleged in the complaint, Dynkowski’s co-defendants each participated in one or more of these schemes, which together generated more than $6.2 million in illicit profits.

    The SEC’s complaint alleges that these fraudulent schemes generally followed the same pattern: Dynkowski and his accomplices agreed to sell large blocks of shares for penny stock companies in exchange for a portion of the proceeds. The companies put these shares in nominee accounts that Dynkowski and his accomplices controlled. The defendants pumped the market price of the stocks using wash sales, matched orders and other manipulative trading, often timed to coincide with false or touting press releases by the companies, to give the market the false impression that there was real demand for these stocks. After artificially inflating the market price of the stocks, Dynkowski and his accomplices then dumped the shares obtained from the issuers and divided the illicit proceeds.

    The SEC’s complaint further alleges that:

    The pump-and-dump scheme involving GH3 International, Inc. stock occurred between October and December 2006. Dynkowski orchestrated this fraud with Matthew W. Brown, who operates a penny stock website called Brown introduced Dynkowski to a representative of GH3 and to Jacob Canceli, a penny stock promoter who participated in the scheme. Brown acted as a liaison between Dynkowski, Canceli and the issuer. Dynkowski and his associates used wash sales, matched orders, and other manipulative trading, timed to coincide with false, misleading and touting press releases by the company, to inflate the price of GH3 stock. Canceli provided the accounts from which Dynkowski subsequently sold purportedly unrestricted shares received from the issuer. The scheme culminated in mid-December 2006, with Dynkowski dumping 312 million shares of GH3 stock for total illicit proceeds of $747,609.

    Brown planned the Asia Global pump-and-dump scheme with Joseph Mangiapane Jr. and Marc J. Riviello, who were both registered representatives at a small broker-dealer in California. Dynkowski and Nathan M. Michaud, who met through, pumped the price of Asia Global stock using wash sales, matched orders and other manipulative trading, coordinated with false, misleading, and touting press releases by the company. The scheme occurred in three cycles: August-September 2006, November-December 2006, and January-February 2007. After manipulating the price of stock, Dynkowski, Brown, Mangiapane and Riviello dumped more than 54 million shares that had been improperly registered on SEC Form S-8 and held in nominee accounts. The illicit proceeds from this scheme totaled at least $4,050,529.

    The light is making the miscreants squirm. These are the smae people that bash stock and own and Manipulate the IHUB Message boards. The word is out and they are going to jail!!!

    1. Nathan Michaud is still doing shady things on his InvestorsLive website, where they coordinate short attacks. He waits for Adam Feurestein to tweet badly about a company (his tell that an article is coming) and then they short and wait for the bashing. Happening regularly….

  11. Judd, I’am not sure if it will work but maybe you could explain to sean that shorting will NEVER be outlawed. One more time sean WRONG darlene!

  12. sean, don,t you think that the SEC. should work on cleaning it’s own house? NAKED SHORTING/ is FRAUD

  13. Hi Judd,

    The Password Reset does Not appear to be working, neither yesterday nor today.

    After I click on Login > “Lost your password?” (I forgot my password), I am taken to screen where I enter my email address to receive a NEW PASSWORD. I receive an email with a link to reset my password, BUT when I click on the link, I receive the following ERROR Message:

    Sorry, that key does not appear to be valid.

    Can you please have someone fix this?

    Thanks, I am looking forward to participating in the Forums!

  14. Judd, when can I post a link on the MB?

    I’ve been here for some time now and have some important items I’d like to have others see.

  15. Jim,
    The default setting on posting links and images requires you have 10 posts under your belt first. That might be high, but it is a good way to keep forum spam to a minimum. Let’s leave it there for a while and we’ll look at possibly lowering it later.

  16. Anonymous good read! That SEC is a real work in progress, they should know how to find insiders.

  17. Things are getting very interesting. Please don’t think this is just a coincidence..PLEASE!!!

    All readers should find this “Very interesting”

    Top Fund to Shut as Firm Faces Probe
    Comments (10)
    more in Markets Main »
    Pequot Capital Management — a pioneering and well-connected hedge fund that gained fame for racking up years of strong returns — is shutting its doors amid a revived insider-trading probe.

    As recently as 2001, Pequot Capital Management Inc. managed about $15 billion, making it one of the largest hedge funds in the world. But in recent years, investors have shunned it, partly because of an off-again, on-again investigation into insider trading, including allegations that founder Arthur Samberg may have engaged in insider trading in Microsoft Corp. stock with the help of one of his then employees, who joined Pequot from …

  18. Please note there is not one mention of the John Mack, the Morgan Stanley CEO (that caused this bruhaha in the first place along with the firing of Gary Aguirre (sp))connection in this article. Another fine example of Wall(Wolf)Street Media Protecting one of their own(ers) This could only get better from here. Now what about the spin zone??LOL!!!

  19. Jonas, people won’t be responding to you, they know your game here already. Go back to RB here is not your kind of place. Your giveaway was that in your first set of posts (That was deleted) you spelt Darlene incorrectly!!LOL!! (BUSTED)Bye bye!!!

  20. Hi Judd &,

    The Password Reset is still Not working today.

    After I click on Login > “Lost your password?” (I forgot my password), I am taken to screen where I enter my email address to receive a NEW PASSWORD. I receive an email with a link to reset my password, BUT when I click on the link, I receive the following ERROR Message:

    “Sorry, that key does not appear to be valid.”

    Today, I tried to create a new login with my user name and received and error message telling that my email address is already being used.

    Can you please have someone fix this?

    Thanks, I am looking forward to participating in the Forums!

  21. Hi Judd &,

    Here is a data for your IT guy…

    I created a login some time ago BEFORE the forum was running. I do Not remember receiving an email with a password. So I am thinking that I never received a password to begin with.

    Maybe this fact is confusing the Password Reset software…???


    China warns Federal Reserve over ‘printing money’
    China has warned a top member of the US Federal Reserve that it is increasingly disturbed by the Fed’s direct purchase of US Treasury bonds.

    By Ambrose Evans-Pritchard
    Last Updated: 1:52PM BST 27 May 2009

    Comments 109 | Comment on this article

    Richard Fisher, president of the Dallas Federal Reserve Bank, said: “Senior officials of the Chinese government grilled me about whether or not we are going to monetise the actions of our legislature.”

    “I must have been asked about that a hundred times in China. I was asked at every single meeting about our purchases of Treasuries. That seemed to be the principal preoccupation of those that were invested with their surpluses mostly in the United States,” he told the Wall Street Journal.

    Related Articles

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    G20 summit: World must take action or recession could get even worse, says Alistair Darling
    Declining US GDP casts doubt over recovery
    Enjoy the rally while it lasts – but expect to take a sucker punch
    Gordon Brown takes pre-G20 tour to Brazil
    China calls for the reign of the dollar to end

    His recent trip to the Far East appears to have been a stark reminder that Asia’s “Confucian” culture of right action does not look kindly on the insouciant policy of printing money by Anglo-Saxons.

    Mr Fisher, the Fed’s leading hawk, was a fierce opponent of the original decision to buy Treasury debt, fearing that it would lead to a blurring of the line between fiscal and monetary policy – and could all too easily degenerate into Argentine-style financing of uncontrolled spending.

    However, he agreed that the Fed was forced to take emergency action after the financial system “literally fell apart”.

    Nor, he added was there much risk of inflation taking off yet. The Dallas Fed uses a “trim mean” method based on 180 prices that excludes extreme moves and is widely admired for accuracy.

    “You’ve got some mild deflation here,” he said.

    The Oxford-educated Mr Fisher, an outspoken free-marketer and believer in the Schumpeterian process of “creative destruction”, has been running a fervent campaign to alert Americans to the “very big hole” in unfunded pension and health-care liabilities built up by a careless political class over the years.

    “We at the Dallas Fed believe the total is over $99 trillion,” he said in February.

    “This situation is of your own creation. When you berate your representatives or senators or presidents for the mess we are in, you are really berating yourself. You elect them,” he said.

    His warning comes amid growing fears that America could lose its AAA sovereign rating.

  23. Sound familiar guys. This should be taken over to the live forum.

    Manipulation: How Markets Really Work
    by Stephen Lendman
    Friday, 29 May 2009

    Wall Street’s mantra is that markets move randomly and reflect the collective wisdom of investors. The truth is quite opposite. The government’s visible hand and insiders control markets and manipulate them up or down for profit – all of them, including stocks, bonds, commodities and currencies.

    It’s financial fraud or what former high-level Wall Street insider and former Assistant HUD Secretary Catherine Austin Fitts calls “pump and dump,” defined as “artificially inflating the price of a stock or other security through promotion, in order to sell at the inflated price,” then profit more on the downside by short-selling. “This practice is illegal under securities law, yet it is particularly common,” and in today’s volatile markets likely ongoing daily.

    Why? Because the profits are enormous, in good and bad times, and when carried to extremes like now, Fitts calls it “pump(ing) and dump(ing) of the entire American economy,” duping the public, fleecing trillions from them, and it’s more than just “a process designed to wipe out the middle class. This is genocide (by other means) – a much more subtle and lethal version than ever before perpetrated by the scoundrels of our history texts.”

    Fitts explains that much more than market manipulation goes on. She describes a “financial coup d’etat, including fraudulent housing (and other bubbles), pump and dump schemes, naked short selling, precious metals price suppression, and active intervention in the markets by the government and central bank” along with insiders. It’s a government-business partnership for enormous profits through “legislation, contracts, regulation (or lack of it), financing, (and) subsidies.” More still overall by rigging the game for the powerful, while at the same time harming the public so cleverly that few understand what’s happening.

    Market Rigging Mechanisms – The Plunge Protection Team
    On March 18, 1989, Ronald Reagan’s Executive Order 12631 created the Working Group on Financial Markets (WGFM) commonly known as the Plunge Protection Team (PPT). It consisted of the following officials or their designees:

    the President;
    the Treasury Secretary as chairman;
    the Fed chairman;
    the SEC chairman; and
    the Commodity Futures Trading Commission chairman.
    Under Sec. 2, its “Purposes and Functions” were stated as follows:

    (2) “Recognizing the goals of enhancing the integrity, efficiency, orderliness, and competitiveness of our Nation’s financial markets and maintaining investor confidence, the Working Group shall identify and consider:

    the major issues raised by the numerous studies on the events (pertaining to the) October 19, 1987 (market crash and consider) recommendations that have the potential to achieve the goals noted above; and
    ….governmental (and other) actions under existing laws and regulations….that are appropriate to carry out these recommendations.”
    In August 2005, Canada-based Sprott Asset Management (SAM) principals John Embry and Andrew Hepburn headlined their report on the US government’s “surreptitious” market interventions: “Move Over, Adam Smith – The Visible Hand of Uncle Sam” to prevent “destabilizing stock market declines. Comprising key government agencies, stock exchanges and large Wall Street firms,” this group “is significant because the government has never admitted to private-sector membership in the Working Group,” nor is it hinting that manipulation works both ways – to stop or create panic.

    “Current mythology holds that (equity) prices rise and fall on the basis of market forces alone. Such sentiments appear to be seriously mistaken….And as official rhetoric continues to toe the free market line, manipulation has become increasingly apparent….with the active participation of selected investment banks and brokerage houses” – the Wall Street giants.

    In 2004, Texas Hedge Report principals Steven McIntyre and Todd Stein said “Almost every floor trader on the NYSE, NYMEX, CBOT and CME will admit to having seen the PPT in action in one form or another over the years” – violating the traditional notion that markets move randomly and reflect popular sentiment.

    Worse still, according to SAM principals Embry and Hepburn, “the government’s unwillingness to disclose its activities has rendered it very difficult to have a debate on the merits of such a policy,” if there are any.

    Further, “virtually no one ever mentions government intervention publicly….Our primary concern is that what apparently started as a stopgap measure may have morphed into a serious moral hazard situation.”

    Worst of all, if government and Wall Street collude to pump and dump markets, individuals and small investment firms can get trampled, and that’s exactly what happened in late 2008 and early 2009, with much more to come as the greatest economic crisis since the Great Depression plays out over many more months.

    That said, the PPT might more aptly be called the PPDT – The Plunge Protection/Destruction Team, depending on which way it moves markets at any time. Investors beware.

    Manipulating markets is commonplace and as old as investing. Only the tools are more sophisticated and amounts involved greater. In her book, “Morgan: American Financier,” Jean Strouse explained his role in the Panic of 1907, the result of stock market and real estate speculation that caused a market crash, bank runs, and hysteria. To restore confidence, JP Morgan and the Treasury Secretary organized a group of financiers to transfer funds to troubled banks and buy stocks. At the time, rumors were rampant that they orchestrated the panic for speculative profits and their main goals:

    the 1908 National Monetary Commission to stabilize financial markets as a precursor to the Federal Reserve; and
    the 1910 Jekyll Island meeting where powerful financial figures met in secret for nine days and created the private banking cartel Federal Reserve System, later congressionally established on December 23, 1913 and signed into law by Woodrow Wilson.
    Morgan died early that year but profited hugely from the 1907 Panic. It let him expand his steel empire by buying the Tennessee Coal and Iron Company for about $45 million, an asset thought to be worth around $700 million. Today, similar schemes are more than ever common in the wake of the global economic crisis creating opportunities to buy assets cheap by bankers flush with bailout cash. Aided by PPT market rigging, it’s simpler than ever.

    Wharton Professor Itay Goldstein and Said Business School and Lincoln College, Oxford University Professor Alexander Guembel discussed price manipulation in their paper titled “Manipulation and the Allocational Role of Prices.” They showed how traders effect prices on the downside through “bear raids,” and concluded:

    “We basically describe a theory of how bear raid manipulation works….What we show here is that by selling (a stock or more effectively short-selling it), you have a real effect on the firm. The connection with real value is the new thing….This is the crucial element,” but they claim the process only works on the downside, not driving shares up.

    In fact, high-volume program trading, analyst recommendations, positive or negative media reports, and other devices do it both ways.

    Also key is that a company’s stock price and true worth can be highly divergent. In other words, healthy or sick firms may be way-over or under-valued depending on market and economic conditions and how manipulative traders wish to price them, short or longer term.

    The idea that equity prices reflect true value or that markets move randomly (up or down) is rubbish. They never have and more than ever don’t now.

    The Exchange Stabilization Fund (ESF)
    The 1934 Gold Reserve Act created the US Treasury’s ESF. Section 7 of the 1944 Bretton Woods Agreements made its operations permanent. As originally established, the Treasury ran the Fund outside of congressional oversight “to keep sharp swings in the dollar’s exchange rate from (disrupting) financial markets” through manipulation. Its operations now include stabilizing foreign currencies, extending credit lines to foreign governments, and last September to guaranteeing money market funds against losses for up to $50 billion.

    In 1995, the Clinton administration used the fund to provide Mexico a $20 billion credit line to stabilize the peso at a time of economic crisis, and earlier administrations extended loans or credit lines to China, Brazil, Ecuador, Iceland and Liberia. The Treasury’s web site also states that:

    “By law, the Secretary has considerable discretion in the use of ESF resources. The legal basis of the ESF is the Gold Reserve Act of 1934. As amended in the late 1970s….the Secretary (per) approval of the President, may deal in gold, foreign exchange, and other instruments of credit and securities.”

    In other words, ESF is a slush fund for whatever purposes the Treasury wishes, including ones it may not wish to disclose, such as manipulating markets, directing funds to the IMF and providing them with strings to borrowers as the Treasury’s site explains:

    “….Treasury has often linked the availability of ESF financing to a borrower’s use of the credit facilities of the IMF, both to support the IMF’s role and to strengthen assurances that there will be timely repayment of ESF financing.”

    The Counterparty Risk Management Policy Group (CRMPG)
    Established in 1999 in the wake of the Long Term Capital Management (LTCM) crisis, it manipulates markets to benefit giant Wall Street firms and high-level insiders. According to one account, it was to curb future crises by:

    letting giant financial institutions collude through large-scale program trading to move markets up or down as they wish;
    bailing out its members in financial trouble; and
    manipulating markets short or longer-term with government approval at the expense of small investors none the wiser and often getting trampled.
    In August 2008, CRMPG III issued a report titled “Containing Systemic Risk: The Road to Reform.” It was deceptive on its face in stating that CRMPG “was designed to focus its primary attention on the steps that must be taken by the private sector to reduce the frequency and/or severity of future financial shocks while recognizing that such future shocks are inevitable, in part because it is literally impossible to anticipate the specific timing and triggers of such events.”

    In fact, the “private sector” creates “financial shocks” to open markets, remove competition, and consolidate for greater power by buying damaged assets cheap. Financial history has numerous examples of preying on the weak, crushing competition, socializing risks, privatizing profits, redistributing wealth upward to a financial oligarchy, creating “tollbooth economies” in debt bondage according to Michael Hudson, and overall getting a “free lunch” at the public’s expense.

    CRMPG explains financial excesses and crises this way:

    “At the end of the day, (their) root cause….on both the upside and the downside of the cycle is collective human behavior: unbridled optimism on the upside and fear on the downside, all in a setting in which it is literally impossible to anticipate when optimism gives rise to fear or fear gives rise to optimism….”

    “What is needed, therefore, is a form of private initiative that will complement official oversight in encouraging industry-wide practices that will help mitigate systemic risk. The recommendations of the Report have been framed with that objective in mind.”

    In other words, let foxes guard the henhouse to keep inventing new ways to extract gains (a “free lunch”) in increasingly larger amounts – “in the interest of helping to contain systemic risk factors and promote greater stability.”

    Or as Orwell might have said: instability is stability, creating systemic risk is containing it, sloping playing fields are level ones, extracting the greatest profit is sharing it, and what benefits the few helps everyone.

    Michel Chossudovsky explains that: “triggering market collapse(s) can be a very profitable undertaking. (Evidence suggests) that the Security and Exchange Commission (SEC) regulators have created an environment which supports speculative transactions (through) futures, options, index funds, derivative securities (and short-selling), etc. (that) make money when the stock market crumbles….foreknowledge and inside information (create golden profit opportunities for) powerful speculators” able to move markets up or down with the public none the wiser.

    As a result, concentrated wealth and “financial power resulting from market manipulation is unprecedented” with small investors’ savings, IRAs, pensions, 401ks, and futures being decimated from it.

    Deconstructing So-Called “Green Shoots”
    Daily the corporate media trumpet them to lull the unwary into believing the global economic crisis is ebbing and recovery is on the way. Not according to longtime market analyst Bob Chapman who calls green shoots “Poison Ivy” and economist Nouriel Roubini saying they’re “yellow weeds” at a time there’s lots more pain ahead.

    For many months and in a recent commentary he refers to “the worst financial crisis, economic crisis and recession since the Great Depression….the consensus is now becoming optimistic again and says that we are going to go from minus 6 percent growth to positive growth in the second half of the year….my views are much more bearish….The problems of the financial system are severe. Many banks are still insolvent.”

    We’re “piling public debt on top of private debt to socialize the losses; and at some point the back of (the) government(‘s) balance sheet is going to break, and if that happens, it’s going to be a disaster.” Short of that, he, Chapman, and others see the risks going forward as daunting. As for the recent stock market rise, they both call it a “sucker’s rally” that will reverse as the US economy keeps contracting and the financial system suffers unexpected or manipulated shocks.

    Highly respected market analyst Louise Yamada agrees. As Randall Forsyth reported in the May 25 issue of Barron’s Up and Down Wall Street column:

    “It is almost uncanny the degree to which 2002-08 has tracked 1932-38, ‘Yamada writes in her latest note to clients.’ ” Her “Alternate Hypothesis” compares this structural bear market to 1929-42:

    “the dot-com collapse parallels the Great Crash and its aftermath,” followed by the 2003-07 recovery, similar to 1933-37;
    then the late 2008 – early March 2009 collapse tracks a similar 1937-38 trajectory, after which a strong rally followed much like today;
    then in November 1938, the market dropped 22% followed by a 26% rise and a series of further ups and downs – down 28%, up 23%, down 16%, up 13%, and a final 29% decline ending in 1942;
    from the 1938 high (“analogous to where we are now,” she says), stock prices fell 41% to a final bottom.
    Are we at one today as market touts claim? No according to Yamada – top-ranked among her peers in 2001, 2002, 2003 and 2004 when she worked at Citigroup’s Smith Barney division. Since 2005, she’s headed her own independent research company.

    She says structural bear markets typically last 13 – 16 years so this one has a long way to go before “complet(ing) the repair process.” She calls the current rebound “a bungee jump,” very typical of bear markets. Numerous ones occurred during the Great Depression, 8 alone from 1929 – 1932, some deceptively strong.

    Expect market manipulators today to produce similar price action going forward – to enrich themselves while trampling on the unwary, well-advised to protect their dollars from becoming quarters or dimes.

    Stephen Lendman is a Research Associate of the Centre for Research on Globalization. He lives in Chicago and can be reached at [email protected].

  24. Don’t know if you guys saw this but make the connection if you will…

    Scandal-Scarred N.Y. Pension Fires All Funds Of Funds
    May 27, 2009
    New York State’s $122 billion pension fund, wracked by a pay-to-play scandal that has engulfed several high-profile alternative investments firms, is slashing its fund of hedge funds portfolio and cutting ties to 10 hedge fund managers.

    New York Comptroller Thomas DiNapoli is firing 10 hedge funds, all but one of which used placement agents to win business from the New York State Common Retirement Fund, the New York Daily News reports. An investigation by New York Attorney General Andrew Cuomo has revealed that some placement agents paid kickbacks to a pair of aides to DiNapoli’s predecessor in exchange for getting business for their clients. Two men have already pleaded guilty to charges stemming from the probe, including an employee of one of the fired funds, HFV Asset Management.

    The cancelled deals totaled some $5 billion, and account for more than 85% of all of the pension’s hedge fund investments. His office is also investigating all of the private equity mandates approved under former Comptroller Alan Hevesi.

    In addition to HFV, New York has cut ties to Consulting Services Group, Guggenheim Advisors, Mezzacappa Management, Olympia Capital Management and Pequot Capital Management.

  25. First time reader, great site. I think primarily lists and trees, is there a repository area on the site with a full list of compromised news agencies and journalists? It would be vastly helpful as a reference going through the articles posted here.

  26. Please don’t laugh too loud whn you read this!Someone else is trying to muscle in on their game and they want none of it!!LOL!!!

    Nasdaq Clearing Plan Raises ‘Systemic Risks’ -DTCC…518-712990.html

    By Jacob Bunge
    CHICAGO (Dow Jones)–Plans by Nasdaq OMX Group Inc. (NDAQ) to launch a new U.S. equity clearinghouse could create systemic risk in the financial system, according to the incumbent provider of such services.

    The Depository Trust and Clearing Corporation, or DTCC, said it would raise its concerns with the Securities and Exchange Commission, which will review the application of the planned Nasdaq Clearing Corp.

    The user-controlled DTCC, through its NSCC unit, has a near-monopoly on clearing U.S. equity trades, which it provides at cost to its owners.

    The prospect of intensified domestic competition follows the collapse of the DTCC’s planned merger with London-based LCH Clearnet Group Ltd. earlier this month.

    “Bifurcating clearance and settlement in the U.S. would introduce a new element of systemic risk to the system,” said DTCC spokesman Stuart Goldstein in an interview with Dow Jones Newswires. “We’ll have to see if financial firms and regulators think that’s a good idea.”

    Nasdaq OMX plans to add clearing, the process by which a clearinghouse serves as the buyer to every seller and seller to every buyer, alongside other efforts to halt the slide in its market share of domestic stock trading in the face of intensifying competition from rival platforms.

    The DTCC said Nasdaq OMX’s bid to bring clearing in-house could increase systemic risk at a time when the financial universe is still in crisis mode.

    Goldstein pointed to the meltdown of Lehman Brothers Holdings last fall, when the DTCC mitigated nearly $500 billion in potential equity losses – if half of that volume had resided in another clearinghouse, it would have taken longer to offset the trade and work out the risk, he said.

    Nasdaq OMX disagreed that its clearinghouse, slated for a fourth-quarter launch, poses any danger to the U.S. financial system.

    “Systemic risk comes from over-concentration and over-reliance on one market participant, not from competition,” said Bethany Sherman, a Nasdaq OMX spokeswoman.

    The exchange operator’s clearing service aims to be cheaper than the DTCC, which Nasdaq OMX said maintains unnecessarily high prices despite its not-for-profit model.

    The DTCC’s clearing charges amount to sixty-six thousandths of 1 cent per 100 shares; Nasdaq OMX plans to charge about half that.

    But Goldstein said traders could face ultimately higher costs with another U.S. clearinghouse.

    “This has become such an efficient business, and the cost to firms is so small, that they’re benefiting from a critical mass of volume that goes through clearance and settlement,” he said.

    “Bifurcation would increase costs for all firms in the industry, not just firms using Nasdaq [Clearing], because you’d be losing the benefit of that critical mass.”

    Rival exchanges have cast a wary eye on Nasdaq OMX’s planned foray into clearing trades.

    Lawrence Leibowitz, head of U.S. markets and global technology for NYSE Euronext (NYX), said the Nasdaq rival will keep close tabs on the Nasdaq Clearing Corp. approval process, particularly any attempt to bundle clearing with the price of executing trades.

    He also questioned the need for another U.S. equities clearinghouse.

    “It’s not exactly clear what’s broken here,” Leibowitz said.

    -By Jacob Bunge, Dow Jones Newswires; (312) 750 4117; [email protected]

  27. Judd, the above post from “Ivory” Is from that same idiot Jonas who impersonates others off the ragingingbull messageboards. Please delete this personality as well. It has many!!! I think something must be up for this miscreant to rear its ugly head here!!!

  28. Jim, I have asked Judd to remove this poster from this forum. It does nothing to add value to our cause but for some reason Judd has chosen to let him remain posting his drivel. So from now on until his posts and he are I removed I refrain from acknowledging his presence and so should you. Judd is very intelligent and will figure out who is is in short order. (Thanks for putting him in his place. I would not have been so kind. LOL) Sarge has also called this clown out. He will be gone soon!!!

  29. Lets get rid of some SEC people and put them behind bars with the Perps…

    Elgindy: SEC internal investigation


    Excerpt (p 60)

    Complaint Concerning Unauthorized
    Disclosure of Non-Public Information
    Obtained from a Commission
    The OIG is conducting an investigation
    into a complaint that two SEC Enforcement
    attorneys repeatedly, and in violation of
    agency policy, disclosed non-public

    information about SEC Enforcement
    investigations obtained from an internal SEC
    database. The information in question was
    allegedly disclosed to a corrupt FBI agent and
    short seller, who were subsequently tried and
    convicted of several criminal violations,
    including fraud, theft, racketeering and
    conspiracy in connection with a stock short
    selling operation. During the reporting
    period, an OIG investigator took sworn, on the-
    record testimony of the two Enforcement
    attorneys who were accused of improperly
    divulging the non-public information. The
    OIG also obtained and reviewed the
    transcripts of the testimony these two
    attorneys provided at the criminal trial of the
    FBI agent and short seller. In addition, we
    requested and examined other
    documentation, including records showing
    what information these attorneys searched for
    in the internal SEC database. The OIG plans
    to finalize the investigation in the next
    reporting period.

  30. Lets sell ALL OUR MILITARY INTELLIGENCE AND WEAPONS TO CHINA so our enemies can get there hands on them….ALL for a $

    Monday, June 01, 2009
    Obama: Sell B-2 Bomber blueprints to China for debt relief!
    Record deficits and a crashing economy appear to be taking a toll on the young Barack Obama Administration. The Administration has been talking about hiking income taxes and perhaps instituting a VAT tax.

    China is also concerned with the mounting deficits in the United States budget. China is the single biggest holder of US Treasury Bonds and is one of Washington’s biggest trading partners. The People’s Republic has had a burgeoning economy, but is increasingly wary of the falling US dollar.

    While the exact amount of Chinese ownership of US treasuries is unknown, it is estimated to add up to over a trillion dollars. If China were to call in US guarantees on these bonds, economists fear it could lead to an economic collapse larger than the Great Depression.

    China has recently expanded its defense budget, ostensibly to keep up with its economic growth. China is reportedly working on its own version of a stealth bomber (the US has the only functioning model) but is lagged by technological defects.

    On April 1st, President Obama spoke to Chinese Premier Hu Jintao during the G20 Summit. During this meeting, Mr. Hu expressed interest in writing off some of the US debt in exchange for military technology. The President has since referred the matter to Defense Secretary Robert Gates.

    The Defense Department is reportedly furious with the President’s proposal to sell blueprints of the B-2 Spirit stealth bomber to the People’s Republic. Gates has flatly rejected the President’s plan, but has since been asked to step down if he will not facilitate the process.

    According to the deal, the United States would sell the plans for the B-2, along with radar-absorbing paints and metals in exchange for $50 billion in debt relief. The B-2 cost the US government $23 billion to develop the bomber in the 1980s.

    According to the Administration, this proposal will help the United States resolve its debt issues. They point out their belief that the B-2 bomber is “strategically obsolete”, according to a source in the White House Press Office. In addition, the source claims that the Chinese would be unable to create their own functioning stealth bomber fleet for “at least eight years.”

    American allies Taiwan, Japan, and South Korea are very wary of the proposal. Koo Syi, a geopolitical analyst from South Korea, points out that this technology could be passed to China’s allies. This was the case when Chinese nuclear technology was transferred to Pakistan and North Korea. According to Koo, Obama has rendered US allies’ opinions as “irrelevant.”

    While this proposal is controversial, it is not being presented to Congress, where it could meet with stern opposition. Instead, the State Department has been informed to assisted the Defense Department with the transfer of materials. Sphere: Related Content

  31. The OIG has a pending investigation into
    an allegation that SEC staff engaged in a
    retaliatory investigation of a company after it
    publicly complained about naked short selling
    in the company’s stock.

  32. Sean! really your cause? You don’t have a clue,like i posted solve it.Oh and stop crying to Judd!

  33. Jim, you are right on target about our name changing poster. It has just taken on another personality and name. Anonymous!LOL!!! I think its next name will be Bubba’s cellmate, watch!!!

  34. Jim, here is some more interesting changes that may come..

    DTCC applies to become regulated trust company
    Thu May 28, 2009 4:51pm EDT Email | Print | Share| Reprints | Single Page[-] Text [+]

    Market News
    Wall Street jumps on recovery bets and GM; AmEx off late | Video
    Nikkei gains 0.8 percent on U.S. economy hopes
    Oil jumps 3 percent, factory data spurs recovery hope | Video
    More Business & Investing News… Featured Broker sponsored link
    CHICAGO, May 28 (Reuters) – The Depository Trust & Clearing Corp. (DTCC) said on Thursday it plans to transform its credit-default swaps warehouse into a limited purpose trust company as it seeks an expanded role in post-trade processing of over-the-counter derivatives.

    New York based DTCC has filed applications for membership in the U.S. Federal Reserve system and with the New York State Banking Department. The new company would be called the Warehouse Trust Company LLC.

    DTCC also said it plans to create a subsidiary in Europe to offer warehousing of credit default swap contracts, a move that has been pushed by European securities regulators.

    The U.S. Treasury Department this month pushed a plan to mandate clearing of certain standardized OTC contracts, whose unbridled expansion earlier this decade has been blamed in part for the global credit crisis.

  35. – Richard Altomare lost his appeal to the supreme court today.

    – Mary Shapiro

    Combating Abusive Short-Selling
    In my brief tenure as Chairman, the issue of short selling has outpaced any other in terms of the number of inquiries, suggestions and expressions of concern we have received. On April 8, 2009, the Commission unanimously voted to propose two distinct approaches to short selling restrictions. One approach would impose a permanent, market-wide short sale price test, while the other would impose temporary short selling restrictions upon individual securities during periods of severe declines in the prices of those securities. On May 5, 2009, the Commission held a public roundtable to solicit the views of investors, issuers, financial services firms, self-regulatory organizations and the academic community on key aspects of these proposals. The Commission is committed to conducting a thoughtful, deliberative process to determine what is in the best interests of investors, including examining a variety of trading and market related practices such as securities lending.

    We also recognize that strong rules and vigorous enforcement are needed to curb abusive short selling and restore confidence in our markets. The Commission has been focused on the issue of abusive “naked” short selling since before my arrival in late January, and the Commission’s regulatory actions have led to a significant decline in failures to deliver securities on time following a short sale. Moreover, our Division of Enforcement has a number of active investigations involving potentially abusive short selling in a variety of contexts.

  36. Jim and other pertinent and relevant poster/readers, I thought you may find this an interesting read.

    Aguirre shafted by SEC yet again

    Whistle-Blower Claims New Retaliation By SEC

    Liz Moyer

    Former SEC lawyer Gary Aguirre says the agency withdrew a settlement offer after he criticized them in a Forbes story.

    Gary Aguirre, a whistle-blower fired from his job as a lawyer at the Securities and Exchange Commission in 2005, is again crying foul, alleging the agency pulled the plug on settling his long-running dispute with them after he criticized the SEC in a Forbes story last month.

    Aguirre claims the breakdown in the proposed $2.1 million settlement was a form of retaliation, possibly for his remarks in a May 15 article about an inquiry by the agency’s inspector into whether lawyers at the SEC’s enforcement arm were trading stocks while on the job.

    Give Liz the click for the rest:

  37. I wonder who is a member of “The Committee on Capital Markets Regulation”? They are saying “U.S. financial regulations must be “entirely reorganized””.

    “U.S. Financial Regulations Need Overhaul, Panel Says

    By Ian Katz

    May 26 (Bloomberg) — U.S. financial regulations must be “entirely reorganized” by merging agencies such as the Securities and Exchange Commission and the Commodity Futures Trading Commission, adding to the Federal Reserve’s powers and setting rules for derivatives, an industry group said.

    The Committee on Capital Markets Regulation urged creating a Financial Services Authority to replace separate banking, securities and commodities regulators. The panel’s 57 recommendations also include raising capital rules for big banks to cut systemic risk and bringing hedge funds and credit-default swaps under regulatory oversight.

    “Our regulatory structure must be entirely reorganized in order to become more integrated and efficient,” the group led by R. Glenn Hubbard, dean of the Columbia Business School, and John Thornton, chairman of the Brookings Institution and former president of Goldman Sachs Group Inc., said today in a report.

    Congress is planning to overhaul rules after global firms reported more than $1.47 trillion of writedowns and credit losses since 2007, and the U.S. has committed more than $200 billion to prop up more financial firms. The panel said its proposals are “broadly similar” to recommendations made by the Bush administration and other groups since March 2008.

    President Barack Obama is developing proposals that may strip powers from the SEC, according to people familiar with the plan. White House spokeswoman Jennifer Psaki declined to comment on the committee’s report. SEC spokesman John Nester declined to immediately comment on the recommendations.

    ‘Wiser Heads’

    The panel “wants to remain relevant in a world where they are not,” Harvey Goldschmid, a former Democratic SEC commissioner, said in an interview. “Wiser heads are now at work. One hopes they will come up with the right answers, including preserving and enhancing the SEC.”

    Before the collapse of credit markets, “we had too many cooks not knowing what the other cooks were doing,” Hal Scott, a Harvard Law School professor and director of the committee, told Bloomberg Television today. The panel’s objective is to ensure that regulators understand all financial risks, he said.

    The committee recommended higher solvency standards for institutions with more than $250 billion in assets, “given the concentration of risks to the government and taxpayer.” Ten banks including JPMorgan Chase & Co. and PNC Financial Services Group Inc. exceeded the threshold as of March 31, Fed data showed.

    Centralized Clearing

    The committee also proposed greater centralized clearing for credit-default swaps and increased capital requirements for swaps that don’t go through a clearing system. JPMorgan, Goldman Sachs Group Inc., Credit Suisse Group AG and Barclays Plc sent the U.S. Treasury a plan, written in February, saying the Fed should extend bank regulation practices to companies and hedge funds, according to a document obtained by Bloomberg News and confirmed by the Treasury.

    Corporations, energy companies and hedge funds don’t face capital and margin levels now, while banks do under central bank oversight.

    On May 13, U.S. officials called for increased oversight in the $592 trillion unregulated market to reduce risk to the financial system. Derivatives such as credit-default swaps contributed to the failure last year of Lehman Brothers Holdings Inc. and a U.S. takeover of American International Group Inc., leading to the seizure of credit markets.

    The Financial Services Authority would regulate all aspects of the industry, including safety and soundness, and might take the consumer and investor protection role from the SEC. The agency could be created in a merger of bank regulators including the Federal Deposit Insurance Corp., the SEC and the CFTC.

    ‘Woefully Ineffective’

    “The crisis has shown that the most precarious sectors of our financial system are those already subject to a great deal of regulation — regulation that has proved woefully ineffective,” the group said in its recommendation.

    Hedge funds should be required to submit to regulators confidential reports “with information relevant to the assessment of systemic risk,” the committee said. The reports would include information addressing the fund’s liquidity needs, leverage and concentration of risk.

    The panel said fair-value accounting should require companies to add disclosures that help investors distinguish between the market and credit information used to set values. Fair-value, known as mark-to-market, forces companies to value many securities each quarter based on market prices.

    The Financial Accounting Standards Board last month eased the rule after banks including Citigroup Inc. and Wells Fargo & Co. said it didn’t work when markets are illiquid.

    The committee is a nonpartisan group of 25 executives including Nasdaq OMX Group Inc. Chief Executive Officer Robert Greifeld, MFS Investment Management Chairman Robert Pozen and WL Ross & Co. Chairman Wilbur Ross, and academics such as Robert Glauber, visiting professor at Harvard Law School.

    Daniel Doctoroff, president of Bloomberg LP, the parent company of Bloomberg News, is a committee member.

    To contact the reporter on this story: Ian Katz in Washington at [email protected].
    Last Updated: May 26, 2009 16:55 EDT “

  38. Government website, vote to have congress take back the power to print money from the banks.

    Instead of the banks printing it out of thin air, lending it to us and our taxes paying the interest, congress could print it directly. (The money supply would be the same in either case, the difference being the profit is taken from the banksters.)

    Not off topic as money backed by nothing real and stock obligations backed by nothing real are the same crime, committed by the same perpetrators.

  39. Why are you folks still posting over here in the article comments section? Don’t you know that the new Deep Capture Forums are up and running?

  40. Hurm,

    Catherine Austin Fitts has addressed this in depth at It isn’t just financial media, but political also. Even the anti-establishment people on the web can go off half-cocked. You end up having to do the research or talk to trusted people. I like to listen to C-span on the weekends as they have guests who can give a perspective of where the various parties are coming from. If you understand the agenda, you can decipher it. Being wary of media is the first step.

    You can’t be distracted by all the negativity and power grubbing.. Get involved in local things.. connect with people on a spiritual level and work on those relationships.

    “Do not be misguided by the ideas or thoughts of others unless what they say or do rings true in your heart.

    There are many false prophets.

    True leaders do not tell anybody they are in charge.

    True leaders will have people follow them whether they like it or not.

    True leaders transcend human relationships through their integrity, character and their respect for others. In this humbleness they bring forth the light of God in everything they do and from this spiritual basis, they will find more support than they ever thought possible.”

    I would like to give credit for this, but don’t have a name to put on it. I am absolutely positive that the author doesn’t mind when I dedicate these words to the efforts of the good guys who measure their own worth by their thoughts, words, and actions, not by the square footage of the house or the number of toys they possess.

  41. Feedchipper,

    You asked:

    “Why are you folks still posting over here in the article comments section? Don’t you know that the new Deep Capture Forums are up and running?”

    I reported to Judd and some time ago that I cannot get a Password (see above) for my email address. The link sent to me via email to reset my password is always an INVALID ADDRESS.

    So I cannot post in the Forum because I cannot get a password to login to the Forum.

    So JUDD and,

    Although I would like to use the new Forum, I cannot obtain a password for my email address. I tried again yesterday and received the same ERROR MESSAGE:

    >>>>>>>>>>>>> “Sorry, that key does not appear to be valid.” <<<<<<

    The KEY is the link sent in the email to my email address.

    Can this ERROR condition be fixed?


  42. GM stock now null and void.
    How much stock actually existed and how much was sold.
    The counterfieters made a bundle and the world will never know.
    Which company is next?

  43. I am hearing rumors that Overstock settled their lawsuit.
    Anyone have any info on the veracity of this rumor?

  44. BillZ this rumor of a settlement pertains only to the Gradient side of the suit. Has nothing to do with the Manipulation and collusion to drive the company’s stock down. I don’t believe Patrick and Overstock will ever settle that case. It will and should go to court!!!

  45. Thought you guys would find this interesting

    political.newshome|about|rss|custom page/rssPopular Politicians Organization Office Type Party Item Type State District Barack Obama Nancy Pelosi Harry Reid John McCain Ron Paul Mitch McConnell John Boehner House of Representatives Senate White House Campaign Caucus Committee Conference Leadership Member PAC President Democrat Independent Republican Audio Clip Bill Blog Post Bookmark Committee Statement Event Floor Statement Group Hearing Letter Markup News Article Newsletter Op-Ed Photo Press Release Publication Schedule Item Speech Transcript Twitter User Post Video Alabama Alaska American Samoa Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massacusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virgin Islands Virginia Washington Washington DC West Virginia Wisconsin Wyoming 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 Find this article interesting? Please consider posting it to Twitter.
    Levin, Grassley, Specter Release GAO Report on SEC Actions to Curb Stock Failures to Deliver and Manipulative Naked Short Selling
    Arlen Specter’s Senate Member Office (D-PA) posted a Press Release on June 3, 2009 | 3:26 pm – Original Item – Comments

    Washington, D.C.
    Wednesday, June 3, 2009 –

    Today, Senator Carl Levin, D-Mich., Chairman of the Permanent Subcommittee on Investigations; Senator Charles Grassley, R-Iowa, Ranking Member of the Finance Committee; and Senator Arlen Specter, D-Penn., Chairman of the Judiciary Subcommittee on Crime and Drugs, released a Government Accountability Office (GAO) report analyzing recent actions taken by the Securities and Exchange Commission (SEC) to curb failures to deliver securities and manipulative naked short selling.

    Senator Levin said: “Naked short selling enables unscrupulous traders to manipulate the stock market and can directly damage U.S. companies and the shareholders who own them. This report confirms that the SEC should consider and implement an arsenal of weapons to combat abusive short selling. A requirement that short sellers must borrow shares before engaging in a short sale would go a long ways towards ending this abusive practice. Although decreasing the number of failures to deliver is certainly not the only measure for success in fighting abusive short selling, I note that when the SEC issued a temporary preborrow requirement last July on a limited number of stocks, the number of new failures to deliver in those stocks dropped by 78%.”

    Senator Grassley said: “Private property and voluntary exchange are the cornerstones of a free market economy. Shareholders are part owners of the corporations in which they invest. Shareholders must have the right to determine the terms and conditions under which they will lend their securities to others. Naked short selling without regard to the number of shares outstanding or the lending conditions placed on the available shares is a violation of property rights and deprives shareholders of the value of their ownership. Unless the SEC can develop an appropriate alternative, a strict preborrow requirement may be the only way to adequately protect shareholders’ rights.”

  46. Carmine Mozzilo sued by the SEC for insidertrading and fraud with two other Countrywide officers!!!

  47. Steven,

    Selling counterfeit shares on T is simple fraud.

    Selling counterfeit shares on T so one can manipulate the price down to a lower level over three days so one can buy real shares to cover the counterfeit shares sold on T within 3 days is simple fraud.

    All legal shorting requires one to own or borrow real shares of stock BEFORE one shorts – plain and simple.

    Unfortunately, the SEC does NOT enforce this. Since it acts as the Defense Lawyers for the Wall Street Counterfeit Machine, the SEC calls this liquidity.

    The absurdity of this can be seen in what the United States Government does to a counterfeiter of $100 bills after he claims his actions are creating liquidity – he is prosecuted for counterfeiting, and if convicted put in prison. The Government can print money to increase liquidity, but anyone else printing $100 is a counterfeiter.

    A corporation can increase the number of shares to increase liquidity if it so chooses, but anyone else manufacturing shares of a corporation is COUNTERFEITING the shares illegally – plain and simple.


    I was thinking…

    Since the DTCC states publicly that they do not have the power to stop Naked Short Counterfeit Selling, I think we should take away all 15 possible ways for stopping this crime away from them and give them to someone else.

    And we should let our United States Senators know about this plan to give the DTCC WHAT THEY WANT – NO POWER TO STOP NAKED SHORT COUNTERFEIT SELLING…

  49. Abusive “Naked Short Selling” to lower the price of the target company is illegal! How about abusive “Naked Short Selling” in order to cover those “Naked Short” sales three years after the fact with actual trades of 1/100th plus two “EXTERNALLY ADDED ZEROS” enabling the original “Naked Short Sellers” to never pay capital GAIN taxes to the IRS. “NAKED SHORT SELLING” IS DESTRUCTIVE TO THE DEMOCRATIC SYSTEM OF CAPITALISM!!!

    iStandUp Says:
    June 4th, 2009 at 10:46 am

    Sean, thanks for the below link!

    Daleco Resources Corp, or Daleco Resources Corporation or Daleco Resources in 1995 was listed on the Canadian Dealing Network and the NASDAQ Small Cap Market. On the NASDAQ the symbol was DLOVF and on the CDN apparently Daleco had two symbols DLOV & DLVO. I have an email from the Toronto Exchange ( R. Joseph) that states that in the 1 &1/2 years that Daleco was listed on the CDN that NO volume was ever recorded as traded for Daleco Resources Corporation ( I am assuming symbol DLOV). He also stated that Daleco was never cleared for quotation but only for trading! But, when I went to a Canadian web site for stocks I also found Daleco Resources Corporation listed with a symbol of DLVO! On October 1, 1996 when Daleco legally moved its incorporation from Ontario Canada to Delaware USA the symbol for Daleco Resources Corporation on the NASDAQ Small Cap Market dropped the F and became DLOV. Now Daleco was DLOV on the NASDAQ and DLOV on the CDN and DLOV on the Alberta Exchange and DLVO also on the CDN.

    Then on about December 1, 1996 (according to public filings & derived from my “DUE DILIGENCE”) through January 1997 Daleco traded more than 10,000,000 Regulation “S” common shares supposedly sold in May of 1996 & Sept. of 1996.

    Now the question becomes were these Regulation “S” shares or some of these Regulation “S” shares a cover for the NAKED SHORT SELLING of approximately 7,000,000 of Daleco’s common shares and the buy back to cover these short sales three years later (Feb. 28, 2000 to Aug. 1, 2000) while DLOV & DLVO had been listed only on the Pink Sheets. Daleco finessed the regulatory system by effecting two 1 for 10 reverse splits in Feb. of 1998! Daleco then comes back while on the Pink Sheets in the spring of 2000 and covers approximately 7,000,000 Naked Short Sales three years earlier with approximately 70,000 actual shares traded and the addition of two zeros (see WALL STREET EQUITIES, INC. NEW YORK BROKER) added to this staged trading of Daleco Resources Corporation from Feb. 28, 2000 to Aug. 1, 2000.

    Now you need to question whether Daleco through Sustainable Forest Industries, Inc. and Daleco Resources Corporation of Yukon Territory, Canada (withdrawn in August of 2000) were associated with the sale and conversion of Regulation “S” shares. Did the Naked Short Selling and the sale of Regulation “S” shares go both ways?

    Do we have approximately 7,000,000 common shares of Daleco Resources Corporation as included in Daleco’s issued and outstanding common stock that have never been issued and died as approximately 600 stockholders of record were eliminated in fiscal 2006 and put back in fiscal 2007???? Are these COUNTERFEIT shares diluting current shareholder equity?????

    Marv Eatinger


    Dl Date Symbol Company Name Effective Date/Comments
    2/22/2001 DLVOE** Daleco Resources Corporation 2/23/2001 Failure to comply with NASD Rule 6530

    DL Date Symbol Company Name Effective Date OATS
    Flag Comments
    6/11/1999 DLOV** Daleco Resources Corporation 6/11/1999

    DL Date Symbol Company Name Effective Date OATS
    Flag Comments
    6/14/1999 DLOV** Daleco Resources Corporation 6/14/1999

    DL Date Date Old Symbol New Symbol/Name
    1/24/2000 1/26/2000 DLOV** DLOVE Daleco Resources Corporation

    DL Date Symbol Company Name Effective Date OATS
    Flag Comments
    7/28/2000 DLOV** Daleco Resources Corporation 7/28/2000

    DL Date Symbol Company Name Effective Date OATS
    Flag Comments
    7/28/2000 DLOV** Daleco Resources Corporation 7/28/2000

    DL Date Date Old Symbol New Symbol/Name
    1/22/2001 1/24/2001 DLOV** DLOVE Daleco Resources Corporation

    DL Date Symbol Company Name Effective Date OATS
    Flag Comments
    3/6/2002 DLOV** Daleco Resources Corporation 3/6/2002

    DL Date Date Old Symbol New Symbol/Name
    12/10/2004 12/14/2004 DLOV DLOVE Daleco Resources Corporation Common Stock

    Record Date Symbol Company Name Dividend Type
    1/6/2005 DLOV Daleco Resources Corporation Common Stock Stock Div. payable in another company

    DL Date Symbol Company Name Effective Date OATS
    Flag Comments
    3/11/2005 DLOV Daleco Resources Corporation Common Stock 3/14/2005 From NBB (DLOV) **

    DL Date Date Old Symbol New Symbol/Name
    1/16/2008 1/18/2008 DLOV DLOVE Daleco Resources Corporation Common Stock

    —– Original Message —–
    From: “Ron Franz”
    Sent: Tuesday, April 04, 2006 10:13 AM
    Subject: Re: [CSI Website Query: daily volume figures multiplied by 100 – symbol DLOV]

    >I had them remove the extra digits.
    > Yahoo should have it corrected by this afternoon.
    > Please let me know if you do not see the corrections.
    > Thank You,
    > [email protected] wrote:
    >> Regarding:
    >> Data Error Report
    >> Message:
    >> On March 7, 2000 the following web sites showed volume for the day for DLOV – Daleco Resources CP of 2,300 shares: and
    >> On March 8, 2000 the following web sites showed volume for the day for DLOV – Daleco Resources CP of 26,200 shares:, and MSN Money
    >> On March 13, 2000 showed DLOV – Daleco Resources Corp volume for the day as 2,000 shares.
    >> Daleco Resources Corp was deleted from the OTCBB to the Pink Sheets on February 22, 2000 to be effective on February 28, 2000. Yahoo Finance & MoneyCentral web sites are presently the only web sites that I can find that show Historical Volume figures for the time period of March 1, 2000 to August 1, 2000 when Daleco Resources Corp was listed only on the Pink Sheets.
    >> Yahoo Finance Historical Volume figures for the above mentioned dates is shown as follows:
    >> March 7, 2000——————–230,000 shares
    >> March 8, 2000——————2,620,000 shares
    >> March 13, 2000——————200,000 shares
    >> Apparently from the period starting March 1, 2000 to August 1, 2000, all trades that took place in Daleco’s stock had two zeros added to the daily trading volume!
    >> From:
    >> [email protected]

  50. Judd and DEEPCAPTURE.COM,

    OK, I just accidentally figured out why I could not login to the FORUMS!

    Basically, has TWO LOGINS:

    1)- WordPress Login for Original – Found at
    2)- FLUXBB Login for Forums – Found at

    The number “1” login for WordPress appears to be just a place holder with no function yet attached to it – one cannot obtain a Password from this login tool.

    The number “2” login for the FLUXBB based Forums does have a use, and it is the specific login needed to participate in the DeepCapture FORUMS.

    I did not realize that had TWO LOGINS, and was trying to get a password for the new FORUM via the WordPress Login on the normal page on the upper right side. This was the mistake I made – I used the WRONG LOGIN to get to the FORUMS.

    I suspect that I am NOT the only person confused by the existance of two logins….

    So others who might be confused…
    To CREATE a LOGIN for the FORUMS, click on the RED Text button “FORUMS” at the TOP of the page…
    Click on this link —
    Then use the Register link to create a User Name and Password…

  51. I heard from several sources that people didnt recieve the product they bought from amazon
    is this true?

  52. Hi guys.
    My PC worked slowly, many mistakes and buggs. Help me, please to fix buggs on my computer.
    My operation system is Windows XP.
    With best regards,

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