March 24, 2008
I'm very dissapointed with the SEC and DTCC for not doing their jobs. How can companies be naked shorted more than 10 times their A.S. and the sec does nothing.
I am a share holder in a company that was shorted trillions
of shares and the company had to request to be revoked in order to assess how bad the short was.
This is a blatant failure in protecting the investor and providing a fair market. If word got out about how the market is truely rigged,I believe the american people would
respond accordingly.
It appearrs,the American Dream is an illusion for most
americans.
The media is part of the hipocrocy. They can't seem to put any light on the subject. If they do report it- it is so
watered down that no-one understands the urgency of it. The media would rather spend countless hours on Parris Hilton,Micheal Vick or some other distraction.
Initially, the SEC denied naked shorting was happening. Then, they admitted a small amount of shorting was happening when pressure was applied. Now, the they concede thier is a problem. WHAT A COVER-UP
How can my country steal from me and fellow americans on such a grand scale and continue to allow it to happen. This
is why the rich get richer and the poor get poorer. The market hasn't been fair for many decades.
The Federal reserve has stood back and watched it all happen being all transactions flow thru them. From my research, I've come to the conclusion that the (fiat)
American dollar is much weaker than they care to say.
But we as americans will never know. How can the highest court in the land (Supreme court)supoena THE FED and they not show for court with no penalty. Remember, the federal reserve is a Private company not part of the Government.
THE FEDERAL RESERVE SHOULD BE ABOLISHED. IMMEDIATELY