I'm Madoff As Hell And I'm Not Going To Take This Anymore!
It's January 1, 2009. Do you know where your 401K went?
Where were most of the mainstream media when the pillage was going on? Where was the Government? Where was the SEC???
Jim Cramer was busy trying to help his "friends" snatch your money out of the market. Fast money, Kudlow, and 1000's of other pundits and analysts, publicly aiding and abetting the transfer of your wealth to the "traders" (themselves included), urging them to "take profits", while you were busy working the saltmines.
Like a chump, you thought the government was looking out for you. After all, they told you to sock any money you could spare into your retirement fund, or you would wind up eating dog food out of a can, in your "golden years". So you did like they said, and let them take money out of your paycheck each week, as you thought you were investing for the long term (oh no, the rules don't allow shorting in your retirement fund) while a bunch of slimeballs who managed your money, were chomping at the bit, as they cleaned up on the side.
Remember folks, these money managers and Wall Street barracudas, don't produce any product. Did I say barracudas? Excuuuuse me. I meant "financiers". There are literally, tens of thousands of them. They simply push paper around, and manipulate things so that one way or the other, the gold goes from your bank account to theirs. These financiers, money managers, investment bankers and hedge fund operators, despite the fact that some of their businesses may be dying, have closed or were "bailed out", still managed to stash millions and even billions away for themselves, much of it offshore so they don't have to share any with you, the unwashed masses.
Destroying Companies For Profit (video)
Both political parties are responsible. They BOTH allowed this on their watch, many enriching themselves beyond your wildest dreams, and now acting as if they are outraged. Where was Barney Frank? Where was Christopher Dodd? Where was Hillary Clinton? Where was Barack Obama? Where was John McCain? Where was Nancy Pelosi? Where was Maxine Waters? Where was George Bush? (Will George pardon stock market manipulator Michael Milken?) Where was Bill Clinton? (Busy pardoning tax swindler Marc Rich). Where was Arlen Specter? The list goes on and on and on. The captured press wouldn't cover the story. The captured Government hears no evil, sees no evil, speaks no evil. They are busy dreaming up new ways to tax your fat. Many of us called them and wrote them and warned them, screaming repeatedly "THE SKY IS FALLING", about what was taking place on their watch.
They did the same thing they have done to us at CareToLive.com
At CareToLive we have been crying to the FDA, and anybody in Government who will listen, to get a non toxic, non invasive immunotherapy approved for prostate cancer for the 30,000 Americans who die from it each year, that the uncaring, corrupt FDA delayed for almost 2 years. Incredibly even our cures and diseases are being manipulated by Wall Street.
Hedge Funds to Cancer Patients: “Die.”
More Prostate Cancer Smoke & Mirrors From the Broken FDA
Why is Milken and his Prostate Cancer Foundation silent about Dendreon's Provenge®? Most disease advocacy groups are big business. Follow the money. Visit CareToLive for the real story.
So now your nestegg is chopped in half. Many of the companies they destroyed will never recover. How could they?
Big money drained all the money out and plundered the world's resources, knowing they would cause a recession, or a depression, so they could further profit as we crashed and burned. How else to get rid of all the counterfeit shares they sold, except to decimate our businesses and economy, causing layoffs, pushing down stock prices, and forcing people to give up. They continue the "naked shorting" of whoever they target, saying the companies share price would eventually have gone down, so they were right.
Yes, folks. They have crystal balls. No need to worry about the company and its workers, or its potential. Once they target a company, rightfully or wrongfullly, they will collude with others of their ilk and carpet bomb it to destroy it.
We are not dealing with people with ethics here. We are dealing with sociopaths.
I have watched good companies, whose share price has never been allowed to appreciate, except when they overinflated it during the bubble, and then shorted it to smithereens on the way down. The crooks manipulate illegally, and the SEC is complicit in their lack of enforcement of existing securities laws, many there getting lucrative jobs as they leave the agency and go to work for the same crooks they turned a blind eye to, and they all reap the benefit of their malfeasance.
I remember Gary Aguirre. He worked at the SEC and was bringing a case against John Mack, current CEO of Morgan Stanley, one of the companies our tax dollars bailed out. Mack was accused of insider trading, but the SEC said he had too much "juice" and fired Gary Aguirre instead! SEC corruption personified!
You can learn more about this at TheSanityCheck.com.
The SEC Gary Aguirre Cover-Up Chronicle
The SEC fired attorney Gary Aguirre as he was attempting to subpoena John Mack, one of the more prominent and powerful gentlemen on Wall Street, in an investigation into alleged habitual insider trading by Pequot - then, one of the largest hedge funds in the US.
The story is simple. Powerful Wall Street bigwig tips hedge fund to M&A deal, hedge fund reciprocates by giving bigwig lucrative positions in desirable closed investments. That was the suspicion Aguirre was working under.
What isn't simple is what followed. Aguirre, who had gotten glowing performance reviews and double pay increases, was fired shortly after expressing the need to subpoena Mack - fired while on vacation, with no warning.
Aguirre took his battle with the SEC to Congress, sending SEC Chairman Cox as well as several prominent Senators detailed information on his termination, and the cover-up he alleges was its motivator.
What follows are some of the more important pieces of the puzzle, critical to Aguirre's exposing of an apparent cover-up by the SEC, involving obstruction of justice, selective enforcement of federal securities laws, favoritism, collusion, and ultimately, a regulatory conspiracy of alarming proportions.
2) Aguirre's written testimony to the Senate Judiciary Committee. Linked in this blog, mid-page. A MUST READ blow-by-blow of Aguirre's account of the cover-up.
3) Video of Aguirre's bombshell testimony, and the SEC's comedy of errors testimony in the second Senate Judiciary Committee hearing on insider trading and hedge fund abuse, is a must view. Noteworthy are the character assassinations attempted as the SEC strategy, and then when that is contradicted and refuted by an SEC branch chief, a shift to simple refusal to discuss with the Senate matters critical to their investigation.
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Wall Street has a great scam going. They set up stocks and lots of mutual funds etc, and you keep throwing money into good companies like microsoft, intel, adobe, apple etc, and the "traders" take it out.
Even if you manage your own retirement funds, you are not allowed to short in there, so while the plunderers are collusively shorting, and pummelling your stocks through artificial manipulation by "naked shorting" so they can profit on the short side, you need to realize that those profits are coming directly out of your nestegg. As Cramer (who has selective amnesia), would say, "It's a fun game and a lucrative game".
Now they will buy up on the cheap, the good companies that they were unable to collapse completely, and they will profit off them going up. It's a nice game, if you can play, but unfortunately you have to work to fund the game. S&P 500 my butt. They rebalance it every 3 months, adding new wheat and taking out the chaff, so the "traders" can cash out your chips over and over again, occasionally throwing you a few bones. There are still a lot of companies in there that are going to be pummelled, along with your 401K. They will sell them for you as they rebalance, again, after the fact.
What's wrong with this picture?
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Phantom Shares Video
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"Jim Cramer: A lot of times, when I was short at my hedge fund and I was positioned short, meaning I needed it down, I would create a level of activity beforehand that could drive the futures. It doesn’t take much money. Or if I were long and I would want to make things a little bit rosy, I would go in and take a bunch of stocks and make sure that they’re higher, maybe commit $5 million in capital to do it, and I could affect it."
Jim Cramer: But look what people can do. I mean that’s a fabulous thing. The great thing about the market is it has nothing to do with the actual stocks. Now, look, over maybe two weeks from now the buyers will come to their senses and realize that everything that they heard was a lie.
Jim Cramer: It’s just fiction and fiction and fiction. I think it’s important for people to recognize that the way that the market really works is to have that nexus of hit the brokerage houses with a series of orders that can push it down and we get to the press and then get it on CNBC. That’s also very important.
Then ya have kind of a vicious cycle down. It’s a pretty good game and it can be played – it can pay for a percent or two.
Jim Cramer on Market Manipulation: In his own words
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If you were trading outside in a private account, you had to own the underlying stock to short it. The unlevel playing field allows the hedge funds and investment banks to naked short the shares, allowing them to leverage 10, 20, 30 times out, to destroy your wealth and to increase theirs.
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If Mary Schapiro's the Answer...
It was probably a stupid question.
by Greg Newton
Nobody else has spent so long at such high levels of the long captured US securities regulation complex. She has been a big part of building the regulatory problem for two decades; Stockholm Syndrome means she is unfit to be part of the solution.
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December 31st, 2008 by Judd Bagley
Yesterday we received an unexpected bit of good news: Deep Capture is a finalist in the competition for best business blog in the 2008 Weblog Awards.
Apparently, we were nominated by one of you (thanks, whoever you are!) and then selected by a panel of judges to advance to the final round, where, as I understand it, open voting will determine the winner.
Given the extreme popularity of these awards, the unusually high quality of our fellow finalists and the tremendous chance to reach new audiences, this represents a great honor and even greater opportunity for the market reform movement.
That’s my way of saying: we really need to win.
Voting starts this Monday (January 5th), and as soon as we know exactly how and where you can cast yours, we’ll post the information for you here.
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Letter To Investors: UBP's Q&A On Madoff Fraud
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Madoff Spotlight Turns to Role of Offshore Funds
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FGG Collapse To Batter Non-Bogus Hedge Funds, Too Henry Blodget | Dec 29, 08 9:07 AM
Fairfield Greenwich Group had more than $7 billion of its $16 billion of client assets invested with Bernie Madoff. The firm also had $8+ billion of assets with non-bogus investment managers, too, however. As FGG clients run for the hills, we expect FGG will be forced to redeem these other positions, which may put pressure on the underlying hedge funds.
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Millions of Monkeys
Once upon a time a man appeared in a village and
announced to the villagers that he would buy monkeys
for $10 each.
The villagers, seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $10 and, as supply started to diminish, the villagers stopped their effort. He next announced that he would now buy monkeys at $20 each. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so scarce it was an effort to even find a monkey, let alone catch it! The man now announce d that he would buy monkeys at $50 each! However, since he had to go to the city on some business, his assistant would buy on his behalf. In the absence of the man, the assistant told the villagers: ‘Look at all these monkeys in the big cage that the man has already collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each.’ The villagers rounded up all their savings and bought all the monkeys for 700 billion dollars.They never saw the man or his assistant again, only
lots and lots of monkeys!
Now you have a better understanding of how the
WALL STREET BAILOUT PLAN WILL WORK !!!!
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Radio interview about offshore tax-evasion scams of bail-out beneficiaries AIG and Citibank. On “The Monitor” with Mark Bebawi, Pacifica Radio, KPFT Houston, Dec 21, 2008. About 20 minutes; starts about 60% into the show. Click here.
Radio interview about Naked Short Selling and the Financial Crisis on “For the Record” with David Emory Nov. 4, 2008, For that show and others search for Komisar on Dave Emory show. Or get audio directly. About 1 hour.
TV interview about offshore tax evasion on “Conversations with Harold Channer,” Nov 27, 2007, MNN - Channel 34, New York. 1 hr video on YouTube.
Video of speech on “Closing down the tax haven racket” at “Taming the Giant Corporation” conference, Washington, June 8, 2007. Ralph Nader, whose organization sponsored the conference, excerpted it for his column.
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Oh Look! Will wonders never cease. The Government is going to try to stop them from "naked" selling the US Treasury Notes.
Bond Dealers, Hedge Funds Will Face Penalty for Failed Trades
By Rebecca Christie and Liz Capo McCormick
Dec. 31 (Bloomberg) -- Bond dealers and hedge funds that fail to complete trades in Treasury securities face a penalty of as much as 3 percent on the proceeds of transactions, according to a Federal Reserve-backed industry code to be implemented in the next six months.
The plan, which strengthens official oversight of trading, will be unveiled as soon as Jan. 5, said Thomas Wipf, chairman of the Treasury Market Practices Group and the head of institutional securities group financing at Morgan Stanley in New York.
“It seems quite obvious that the Fed and Treasury cannot and will not accept the status quo for much longer,” Wipf said in an interview.
Demand for Treasuries is so great that investors are lending cash for next to nothing to obtain the securities as collateral through repurchase agreements, or so-called repos. The problem is market participants haven’t always delivered the bonds, causing “fails” to exceed $5 trillion at their peak, according to the New York Fed.
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MARC RICH, 2001 In 1983, financier Rich was indicted for evading more than $48 million in taxes, and charged with 51 counts of tax fraud, as well as running illegal oil deals with Iran during the 1979-1980 hostage crisis. During his last week in office, President Bill Clinton pardoned Rich, who had fled the U.S. during his prosecution and was residing in Switzerland. ... The Rich pardon sparked an investigation into whether it was bought by the hefty donations Rich's ex-wife, Denise, had given to the Clintons and the Democrats. In the end, investigators did not find enough evidence to indict Clinton.
NEXT: The 10 Most Notorious Presidential Pardons
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See who bought and paid for your government.
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As we go into 2009 we need to be asking ourselves, do we want change or do we want more of the same.
If it is to be it is up to us.
Everybody needs to stand up and make a noise.
I WANT YOU TO GET MAD!
I'M AS MAD AS HELL AND I'M NOT GOING TO TAKE THIS ANYMORE.
As always, a million thanks go out to Patrick Byrne Overstock.com CEO and the tin foil hat gang.
Mark Mitchell (DeepCapture.com, The Easter Bunny (TheSanityCheck.com), Judd Bagley (AntisocialMedia.net) David Patch (InvestigateTheSec.com), Mark Faulk, (TheFaulkingTruth.com) Bud Burrell (TheSanityCheck.com), Tom Vallarino (InvestorsProtectionCoalition.org), Kerry Donahue attorney for (CareToLive.com) and hundreds and hundreds of the sung and unsung heroes that have bonded together over the internet to help expose the Wall Street scammers. And much thanks to NowPublic for allowing us a forum to bring the news forth.
* * * * * Don't Miss this Video Goldman, Merrill, Lehman, Bear, Morgan Stanley Meet with SEC 2004
Goldman, Merrill, Lehman, Bear Stearns, Morgan Stanley meet with SEC in 2004 to ask for exemption to take on more risk.
They Yuk it Up, now we suck it up.
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A few of my recent blogs on this issue
Mad Dog Madoff Steals 50 Billion Gets Bail - Tip of Iceberg
http://my.nowpublic.com/tech-biz/mad-dog-madoff-steals-50-billion-gets-bail-tip-iceberg Liquidity Thy Name is Madoff - Full Court Captured Press
http://my.nowpublic.com/tech-biz/liquidity-thy-name-madoff-full-court-captured-press-sec-0 Wall Street Bulldozes Company - FFH Won't Die