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  • Not Just for Sirius Investors: Goldman and Merrill Implicated in Manipulation Scam [View article]
    "ILLEGAL NAKED shorting is the issue."

    Maybe so, BUT as I've been blogging since July 16, 2007 (of which the above author and his friends know) - naked shorting is an issue BUT THE REAL ISSUE IS OUR BROKEN SEC! Maybe GS (of whom I'm not a fan) executed naked short sales: BUT IT WAS the exchanges with SEC backing that allowed - no promoted - it! Why does no one ask who advised the SEC about eliminating the uptick rule as I asked back in July 2007? Why has no one asked why FASB instituted mark-to-market M2M in October 2007? This lethal combination was the TRUE reason behind the ENTIRE financial collapse?

    Instead of reviewing & speculating over lawyers papers - WHY NOT GET HOLD OF THE SEC'S EMAILS AND SEE WHO ADVISED THEM! Maybe you all should ask Mistress Warren to review the SEC's policies covering individual investor protection?
    Dec 20 07:09 AM | 24 Likes Like |Link to Comment
  • Is Dubai's Default a Black Swan Event? [View article]
    This is a just another example of how our collective short term trader/traitor mentality has infected the entire world now. Read the news: <<Fears of a potential sovereign default by Dubai roiled financial markets Thursday, sinking stocks across Asia and Europe and pushing up government bond prices, after Dubai said late Wednesday it would restructure Dubai World and announced a six-month standstill on repayments of the conglomerate's debt. See full story on the impact on financial markets.>>


    When we shipped all our bad paper over seas we also shipped our bad short term mentality and trading.

    SO WHAT if a few rediculous malls in Dubai close up or a few of those ridiculous houses built on phony islands remain empty? That entire area was a waste of Arab oil dollars and should not be allowed to affect everyone else.
    Nov 27 07:57 AM | 24 Likes Like |Link to Comment
  • Crony Capitalism: On Obama's Economic Policies [View article]
    Just look at the total lack of any solution to the Tort issues surreounding healthcare. Obama via Pelosism acts as if that legal fees have NO effect on health care fees at all.

    Everything Obama does is just to make his Rev. Wright Union buddies happy.
    Dec 28 08:39 AM | 20 Likes Like |Link to Comment
  • It Can Happen Here: The Confiscation Scheme Planned For U.S. And U.K. Depositors [View article]
    The ONLY confiscation that is happening here is by OUR Obama DOJ and Senate issuing regulation after regualtion on our banking system. The more they regulate and restrict our banks out of some distorted need for revenge, the less the banks have to loan out and return to shareholders. Eventually Obama will have Warren castrating every bank CEO so that there is nothing left.
    Mar 28 11:55 AM | 19 Likes Like |Link to Comment
  • Not Just for Sirius Investors: Goldman and Merrill Implicated in Manipulation Scam [View article]
    Actually, naked shorting is shorting sales that are NOT available to short or in more precise terms the person NEVER took possession of the shares he borrowed in order to short the stock. UNLESS someone actually has the stock certificate then there is no real way of knowing whether that short sale was against actual stock or whether the stock that exists is in the 'clouds'!

    It's not that they printed on a press in someone's basement extra stock certificates - IT'S JUST THAT NO ONE CHECKED TO SEE IF THOSE SHARES WERE AVAILABLE TO SHORT IN THE 1ST PLACE!

    You're supposed to have the ACTUAL stock certificate in your grubby little hands SO that you can buy it back and hand it back over to the rightful owner. This scheme invented in the 1920's was the reason behind the 1929 crash and guess what was the reason behind the 2008 debacle?

    Go after the SEC and FASB and NYSE and Nasdaq and SkyNet - the banks are only the conduits!
    Dec 20 07:37 AM | 19 Likes Like |Link to Comment
  • Is Dubai's Default a Black Swan Event? [View article]
    And as 2nd issue:

    To heck with them! Did any of those Arab countries help pay for the reconstuction of Iraq or Brunai when we got rid of Sadam for them!
    Nov 27 08:21 AM | 18 Likes Like |Link to Comment
  • Financial Times Debunks Citi's Memo [View article]
    Can no one let it rest already?
    Can we let the banks try to heal for a while?
    Can we focus our attention to trying to rebuild what we allowed a few to destroy?

    "Can we all just get along?"
    Mar 11 07:04 AM | 18 Likes Like |Link to Comment
  • It Appears As Though Shares Of Bank Of America Will Be Taking A Hit On Monday [View article]
    You are way too polite for me in your response, but thank you for comments - YOU ARE RIGHT ON!

    Sooner or later the SEC should be looking into these bloggers who spew their garbage and hurt the small investor!

    Thank you Nasty_nas!!!!!!!
    Jun 15 07:26 AM | 14 Likes Like |Link to Comment
  • The Importance of Positive EBITDA to Sirius XM Shareholders [View article]
    The only thing of importance is for Cramer to stop his orchestrated destruction of this company. I still vomit every time I see the Vonage ticker symbol go by (never owned it), and see what Cramer's fat mouth did to what should have been a viable and growing company. Negativity is contagious!
    Nov 10 08:52 AM | 14 Likes Like |Link to Comment
  • I Continue To Like And Recommend Linn Energy, But It's Not For The Weak [View article]
    I have just 2 words for you: "Bear Raid".

    And there seems to be a great deal of evidence it's coordinated by 1 hedgie that has an eye on it. Where the hell is the SEC??
    Jul 14 08:26 AM | 13 Likes Like |Link to Comment
  • Big Banks Are a Bargain, But Is Now the Time to Buy? [View article]
    We are now opening the proverbial “Can of Worms”, but this time we will have no way of putting them back in. Vultures seeking to recoup whatever they can from whomever they can are coming out of the woodwork in droves. Day after day we get another group trying to sue someone for something that happened years ago, ALL because now they think they can get lawyers to extort money’s out of companies for SOP’s that just yesterday no one even considered to be an issue. Let’s not get into every one of these examples, but the underlying theme of letting lawyers loose upon us all – well that should scare the hell out of you, as it does me!

    Tribune Lenders Sue JPMorgan Claiming Buyout Was Fraud - Bloomberg

    SEC Urges Banks to Disclose Potential Losses From Flawed Home Foreclosures - Bloomberg

    The Next Mortgage ModificationsWells Fargo Emerges as Target, Role Model in Foreclosure Probe - Bloomberg

    Do any of these cases have some real merit? Maybe so, but we cannot allow this inane, no insane desire to have lawyers dig into every legal process of the past 200 years to actually occur. To give lawyers free reign over our entire system, as we have the ratings hungry media promote the insanity, well that will be the real travesty of justice. We are tearing the very fabric of our economy and society apart, and for what long-term good? The media is having a field day with this, and this Nation cannot afford to spend the next decade ripping apart every process that the media has now deemed as ‘fraud’, only so that a few bond holders (Pimco) via their lawyer army, can try to recoup some more money from loses that was their responsibility to conduct due diligence on in the 1st place.

    The only people that will come out of this on top are the lawyers. Does none of this remind you of the period of 1999 thru 2001 during the collapse of the infamous ‘tech bubble’? Do none of you remember how law firm after law firm would issue press release after press release about a class action lawsuit after class action lawsuit about one tech company after another tech company that had gone belly up, all because everyone had started to doubt their metrics? The only thing that EVER came out of any of that, was a whole **itloads of lawyers’ fees and very LITTLE of actual investor reimbursement, if any at all! I personally am still getting papers over Purchase Pro! LOL!

    Everything always flows down from the top! I’m sure you’ve all heard about “Trickle Down Economics”, well in this case what we have is “Trickle down Negativity”! Only in this case it’s been a flood and not just a trickle! The ’Obama and I didn’t cause the Situation’ has used his office to bash our system to such an extent that little can recover. Actually, if I am not mistaken, the entire White House has been taken over by lawyers… and if that doesn’t say it all, then I have no idea what will!
    Oct 31 07:48 AM | 13 Likes Like |Link to Comment
  • Still No Reason to Own Bank Stocks [View article]
    It's jerks like this that are prolonging the recession by creating the angst & fear in the markets. Instead of just saying something reasonable, he uses this forum to spew his negativity and anger. A shrink would be a good idea at this point in time!

    According to jerks like this, all everyone should do is go buy a gold encrusted iPhone that runs androide and do a mobile search to buy a book so that you can book a trip online.

    What a jerk! It's people like this that have turned our markets into a total casino with no regard to the conseqences!
    Oct 17 07:46 AM | 13 Likes Like |Link to Comment
  • Sirius XM's Next Hurdle: Overcoming Uncertainty [View article]
    The real issue is overcoming the shorts who seem hell bent on doing this company in. No one seems to be even questioning SIRI's viability anymore, and quite to the contrary even the big guns like S&P are happy with the current situation - seeing nothing but good things for the future.

    Do any of you out there even remotely question why we got driven down below a buck again so quickly? Do any of you out there even remotely think that this isn't just some shorts via Cramer doing their thing to an excess?

    Mar 18 01:59 PM | 13 Likes Like |Link to Comment
  • The Foreclosure Mess: We All Need to Calm Down [View article]
    This is just a metaphor for what is wrong with our Nation. We accept no personal responsibility and just throw the blame back at innocents that are just trying to help. I'm sorry, foreclosure sucks, however after lawyers have exhausted every venue and sucked out every fee they can... now to throw the blame back on the people that are trying to finalize the process is what the true fraud is. I have been writing about this deplorable mess since it started, and it all comes down to just another example of the horrid:

    "Obama and I Didn't Cause the Situation" reality TV show

    Even when people like Suze Orman chime in and say this is ALL just sheer insanity, well then we all must realize it is all just 'PC gone Wild'

    Don't even get me started on how shorts of the XLF and our financial's are pushing this stupidity hour after hour.

    'FOLLOW THE MONEY' and it leads you right back to lawyers and short sellers who profit from this. Not to mention the politicians looking to get reelected!
    Oct 10 07:45 AM | 12 Likes Like |Link to Comment
  • How Sirius XM's Shares Have Been Gamed by Market Makers [View article]
    It may be too late to unplug SkyNet. Many have been screaming about this siutation for some time now, no one has listened. My blog and Stock Shock are just 2.

    "It's The Mentality Stupid" and until we get rid of this trader/traitor mentality we are all just waiting on Judgment Day.


    Revised Tax Rules:

    1. Capital gains 5+ years - 5% tax on capital gains

    2. Capital gains 2 > 5 years - 18% tax on capital gain

    3. Capital gains 1 > 2 years - 35% tax on capital gains

    4. Capital gains 6 > 12 months - 45% tax on capital gains

    5. Capital gains under <6 months - 55% tax on capital gains

    6. Most critical of all — Institute a capital gains tax of 65% on ALL short sales not directly tied to a long buy by a regulated hedge fund.

    The 4(5) Golden Rules

    1. Immediately, reinstate the Up-Tick Rule.

    2. Crack down on naked short selling. Require stock certificate #'s when a short sale needs to be covered, including ETF’s.

    3. Institute some rules on how the media ’reports’ news in order to prevent rumor-boarding. Not censorship… just sensibility & responsibility.

    4. Pass a Wind-Fall Capital Gains Tax of 65% on ALL short sales!

    NEW! 5. Have ALL ETF’s trade on a 20-minute delayed basis. Get these instruments of mass destruction back to what they were supposed to do: mimic mutual funds.
    Sep 30 04:37 PM | 12 Likes Like |Link to Comment