cyberman

Selling Short America and the Rest of the World

We elected the politicians who long ago knew the CDO's and other types of debt multiplication schemes were time bombs. We elected the President and indirectly all his men such as Greenspan. We elected the House and the Senate.

These voters by and large depend on the government to protect their retirement investments from "ponzi" schemes, 'ownership societies' unwise trading practices, naked short selling, poorly managed lenders like F and F. From hedge funds and private equity firms gone wild. The SEC, the FBI the Justice Department, the inspector generals of the various agencies have not done their job to protect the average citizen investor who does not have a PhD in stealth investing from Harvard, or maybe and MBA from Chicago specializing in computer programs to determine just how much shorting is required to destroy a good corporation. Or, on a grander scale, who is protecting the average citizen from a mushrooming government debt that some smart people think is going to destroy the dollar? So John Q investor the little guy who buys a stock or a mutual fund or an index and hopes it will be higher in a decade or two is getting his life blood drained out of him by he government debt on one side and in a variety of opaque stock manipulations on the other - both of which are beyond the keen of the little guy who might be a physician or a chemist or an electrician or a teacher or an assembly line worker at some plant (if any are left that have not been shipped to China). You cannot expect the little guy investor to understand what is being done to him/her and those doings it just love these circumstances. Did anybody notice the put activity in Bear just before the public announcement by Paulson? These potentially criminal activities happens with such regularity it makes Michael Douglas actually look like a financial saint.

Agencies and elected officials have not instituted a regulatory capability to discourage the substantial undermining of the American financial system which we have seen in the last few years. Even little investor's access to the courts have been greatly undermined by mandatory arbitration 'agreements.' And the reason for all this could be that the corporations and the rich (including the foreign rich) have bought the former democracy that was America. The politicians are owned by the corporations and lobbyists. Every single law enforcement or regulatory agency suffers from politicization which is a corollary of bought and paid for executive and legislative branchs. The country as a whole thinks America is on the wrong track. One likely reason is that what they think the country is, isn't.