Got Lipstick? Some Pigs Are More Equal Than Others

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Got Lipstick? Some Pigs Are More Equal Than Others

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"Four legs good, two legs better!" The Seven Commandments become one: "All animals are equal, but some animals are more equal than others." click for sound effect http://www.stentorian.com/pig.wav

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Why are some stocks allowed to continue to be naked shorted while the government rushes to protect hundreds of financial companies, many that produce no product whatsoever, and some of which are responsible for aiding and abetting the carnage on Wall Street by naked shorting good companies that actually do produce a product, in order to pile on to try to destroy them, so they can profit off of their demise. If they hit the triple, and push the company into bankruptcy, they don't even have to pay any taxes on their profits.

What about the little biotech companies that the public invests in, some on the cusp of groundbreaking scientific discoveries in medicine, fighting cancer, trying to improve our lives, that are fighting tooth and nail to survive in a hostile Wall Street environment. When is our government going to protect them from the vultures.

We demand equal protection under the law.

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Make sure you read the fine print in the SEC order. It does not apply to heavily naked shorted REG SHO stocks, or other stocks that are under severe pressure by Wall Street who continually allow the counterfeiting of their shares in order to help destroy them, (for no other reason than that they are small caps and can be easily manipulated by stock market crooks).

"In addition, this disclosure required will only apply to short sales effected after the effective date of the Order".
http://www.marketwatch.com/news/story/sec-bashed-over-short-selling-ban/story.aspx?guid=%7BFDC364F7%2D7BBF%2D4F48%2DA66C%2D01572807D287%7D&dist=hplatest
  If an institutional money-manager takes a short position in a stock valued at more than $1 million, it will be required to report that investment to the SEC in a "Form SH" document. Those documents will be made public on SEC's Edgar database starting Sept. 29.   Hedge funds and others will be required to make those disclosures as long as the SEC's short-sale ban is in place. The rule applies to stocks shorted starting Monday.   The SEC said "such disclosure requirements are in the public interest for the protection of investors and will insure transparency in short selling." See SEC order.
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Read the Overstock Press Release

http://www.tradingmarkets.com/.site/news/Stock%20News/1888558/

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The farm animals who inhabit the Manor Farm are mistreated and abused by Farmer Jones. The animals rebel, expel Jones, and take over the farm, which they rename Animal Farm. Soon, however, the pigs (who represent the party bosses) begin to take special privileges for themselves, e.g. extra food. They enlist the farm's dogs as enforcers to put down any dissent, and they teach the sheep (rank and file) to speak the party line on demand. At first, this is, "Four legs good, two legs bad"- animals (four legs) are good, humans (exploiters) are bad.

As time passes, the Seven Commandments (Animal Farm's Constitution) undergoes subtle changes as the pigs rewrite it to suit their own agenda. When Boxer the horse (symbolizing blue-collar labor, the "workers,") becomes too old to work, the pigs sell him to the horse butcher, whom they tell the other animals is really the veterinarian. The pigs eventually learn to walk on two legs, thus imitating the animals' original exploiters, and they teach the sheep to bleat, "Four legs good, two legs better!" The Seven Commandments become one: "All animals are equal, but some animals are more equal than others." The pigs rename Animal Farm the Manor Farm- its original name- and invite the neighboring human farmers, who symbolize the elite class against whom the animals revolted, to admire the results: "...the lower animals on Animal Farm did more work and received less food than any animals in the county." As the story ends, the pigs become indistinguishable from their human visitors.
Animal Farm
George Orwell
http://www.stentorian.com/animfarm.html

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This may help put it into perspective.

http://www.ft.com/cms/s/3cb466a0-87de-11dc-9464-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F3cb466a0-87de-11dc-9464-0000779fd2ac.html%3Fnclick_check%3D1&_i_referer=http%3A%2F%2Fcrookedtimber.org%2F2007%2F11%2F01%2Fsomething-funny-with-the-hedge-funds%2F&nclick_check=1

Investment industry in US tax dog-fight

By Eoin Callan in Washington

Published: October 31 2007 19:01 | Last updated: October 31 2007 19:01

The US lobbyists hired by the private equity and hedge fund industries to fend off threatened tax increases have chalked up some ­modest victories on Capitol Hill.

Key votes have been delayed and time bought after the investment industry hired some of Washington’s most prominent lobbyists to influence lawmakers and spread largesse through campaign donations.

http://www.spinwatch.org/content/view/830/9/

The practice is taking place under the radar, because federal disclosure rules only require a person to register as a lobbyist and disclose clients when active efforts are made to affect legislation. And hedge funds aren't interested in talking about it: Companies among the 25 biggest funds, including the Clinton Group, which has no connection to former President Bill Clinton, declined to comment for this story.

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The Easter Bunny Weighs In

http://www.thesanitycheck.com/BobsSanityCheckBlog/tabid/56/EntryID/709/Default.aspx

The SEC May Be The Country's Worst Enemy Excerpt

--> Location: Blogs Bob O'Brien's Sanity Check Blog     Posted by:   bobo 9/19/2008 12:26 AM But in the long term, destroyed that which they sought to save. This morning, the SEC banned short selling, all short selling, for 799 financial firms, on a temporary basis, through early October. The market went wild. Without shorts pounding these entities, their values increased in double digits in just the first hour. That's actually good, as it gives them the opportunity to breathe, and to structure workouts. But in a way, it is the worst thing that could happen. What do I mean? Well, unless the SEC plans to do away with short selling entirely, it is likely setting up the worst massacre in market history once short selling is allowed again. You see, the values of these issues is likely to swing far the other direction now, into wildly overvalued territory. And that will have the wolves on the sidelines drooling to crash the system the second they can. One unintended effect is that a lot of hedge funds will be going BK over the next week, as their short positions go underwater 500% or more. That will cause a mad scramble to cover the short positions, which will result in a market-wide short squeeze. So why is that so bad? * * * * * http://www.bloomberg.com/apps/news?pid=20601087&sid=aSEtGBXG0C0s&refer=worldwide Pelosi, Kerry May Share Investor Pain as AIG Stakes Evaporate By Jonathan D. Salant Excerpt Sept. 19 (Bloomberg) -- The market storm that brought down Lehman Brothers Holdings Inc., American International Group Inc. and other pillars of U.S. finance may have also blown holes in the portfolios of House Speaker Nancy Pelosi, Senator John Kerry and more than 50 other members of Congress. Pelosi, in her most recent financial disclosure form, reported that her husband owned between $250,000 and $500,000 of stock in AIG, which ceded majority control to the U.S. government this week in exchange for $85 billion of loans. Kerry, the 2004 Democratic presidential nominee, disclosed that his wife, Teresa Heinz Kerry, had more than $2 million of AIG stock at the end of 2007, when shares were worth $58.30. AIG has fallen 85 percent this week to close yesterday at $2.69. The lawmakers' aides didn't respond to calls seeking comment. Altogether, 56 senators and representatives had stakes in AIG, Lehman, Fannie Mae, Freddie Mac, Bear Stearns Cos. or IndyMac Bancorp Inc. -- some of the biggest casualties of the market bloodbath -- according to the Center for Responsive Politics. The most recent annual disclosure filings list investments as of Dec. 31, 2007, and reveal the size of holdings only within a range of values. Lawmakers may have sold shares since then * * * * * We were warned Video of Economic Warnings From Patrick Bryne http://www.youtube.com/watch?v=SIHw7C73s3E

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Enter the rabbit hole here --------------------> http://www.DeepCapture.com

To enter our $75,000 "Crack the Wall Street Cover-up!" contest read to the bottom of this story.

The Columbia School of Journalism is our nation’s finest. They grant the Pulitzer Prize, and their journal, The Columbia Journalism Review, is the profession’s gold standard. CJR reporters are high priests of a decaying temple, tending a flame in a land going dark.

In 2006 a CJR editor (a seasoned journalist formerly with Time magazine in Asia, The Wall Street Journal Europe, and The Far Eastern Economic Review) called me to discuss suspicions he was forming about the US financial media. I gave him leads but warned, “Chasing this will take you down a rabbit hole with no bottom.” For months he pursued his story against pressure and threats he once described as, “something out of a Hollywood B movie, but unlike the movies, the evil corporations fighting the journalist are not thugs burying toxic waste, they are Wall Street and the financial media itself.”

His exposé reveals a circle of corruption enclosing venerable Wall Street banks, shady offshore financiers, and suspiciously compliant reporters at The Wall Street Journal, Fortune, CNBC, and The New York Times. If you ever wonder how reporters react when a journalist investigates them (answer: like white-collar crooks they dodge interviews, lie, and hide behind lawyers), or if financial corruption interests you, then this is for you. It makes Grisham read like a book of bedtime stories, and exposes a scandal that may make Enron look like an afternoon tea.

By Patrick M. Byrne, Deep Capture Reporter

The Story of Deep Capture

NEW! Download the Story of Deep Capture in .pdf format.

By Mark Mitchell, with reporting by the Deep Capture Team

Introduction - by Mark Mitchell

I began working on a version of this story in January 2006, while serving as an editor for the Columbia Journalism Review, a publication tasked with upholding the standards of the American media. In November 2006, a hedge fund that was at the center of the scandal I was investigating offered the Columbia Journalism Review a great deal of money. Shortly before CJR accepted the money, I left my job, so I do not know if my editors, whom I believe to be honest people, would have allowed me to persevere. But I have no doubt that the hedge fund’s “beneficence” was aimed at preventing the publication of stories like this one.

And it might well have succeeded if Patrick Byrne had not approached me with an idea. Why not combine forces and spearhead a whole new approach to investigative journalism? Most media content is produced by rumpled journalists (i.e., people like me), working alone under tight constraints. Deep Capture could be something different - a power team circumventing the traditional media and pushing limits to uncover the truth.

When I entered the picture, this team had already established that a small number of law-breaking hedge funds had put the American financial system at risk of collapse. Indeed, the hedge funds are employing the same tactics that contributed to the stock market crash of 1929 and the Great Depression that followed. If you want to understand the current turmoil in our financial markets, you could do no better than to read the material in Deep Capture: The Analysis.

The lengthy (40,000 word) story that follows should help you to understand how - and why — Patrick came to embark on this project. I am the author of the story, and attest to its accuracy, but it benefits substantially from the work of the Deep Capture team: freelance researchers, bloggers, gonzo computer hackers, economists, and even a one-time foreign intelligence agent.

Some mainstream journalists will not like this story. They will perhaps disapprove of our methods or decry the advent of vigilante journalism. But most of all, they will not like this story because it is largely about them - a tale of reporters who seek to be players, but instead become pawns - a tale of prominent journalists who help cover up a massive financial crime while toadying to some of Wall Street’s slimiest operators.

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And it all starts when Patrick Byrne gets a phone call from the Easter Bunny. Really, that’s what the guy calls himself - the Easter Bunny - and he talks like the Bee Gees on fast forward, a nasally frantic falsetto, on and on about some kind of conspiracy involving big time Wall Street operators, the Mafia, and a bunch of famous journalists. Somebody’s got to stop these people, the Bunny says, or the American financial system is going to come crashing to its knees. Also, the bad guys might put a bullet between the Easter Bunny’s ears.

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Part 1 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up
by RoryKearney | July 11, 2008 at 07:13 am | 7035 views | 33 comments
http://www.nowpublic.com/world/naked-shorts-75-000-cracking-wall-street-cover

Part 2 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up
by RoryKearney | July 18, 2008 at 08:43 am | 573 views | 1 comment
http://www.nowpublic.com/world/part-2-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 3 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX
by by RoryKearney | July 19, 2008 at 06:32 am |1384 views | 3 comments
http://www.nowpublic.com/world/part-3-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 4 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX
by RoryKearney | July 23, 2008 at 10:05 am | 628 views | add comment
http://www.nowpublic.com/world/part-4-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 5 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX
by RoryKearney | July 23, 2008 at 10:05 am |2111 views | add comment
http://www.nowpublic.com/world/part-5-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 6— Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX
by RoryKearney | July 26, 2008 at 08:03 am | 818 views | 2 comments
http://www.nowpublic.com/world/part-6-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 7— Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX
by RoryKearney | July 29, 2008 at 08:13 pm | 1898 views | add comment
http://www.nowpublic.com/world/part-7-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 8 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX
by RoryKearney | July 31, 2008 at 05:05 pm | 419 views | add comment
http://www.nowpublic.com/world/part-8-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 9 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX
by RoryKearney | August 6, 2008 at 07:56 am | 422 views | add comment
http://www.nowpublic.com/world/part-9-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 10 - Overstock CEO Patrick Byrne Carpet Bombs Wall Street & The Media on the Don Harrold Show (Video)
by RoryKearney | August 26, 2008 at 12:27 pm | 512 views | 2 comment
http://www.nowpublic.com/world/overstock-ceo-patrick-byrne-carpet-bombs-wall-street-media-don-harrold-show-video

Part 11 - I AIN'T LEAVIN' TILL THEY THROW ME OUT!
by RoryKearney | August 28, 2008 at 03:16 pm | 533 views | 2 comments
http://www.nowpublic.com/world/i-aint-leavin-till-they-throw-me-out

Part 12 - Back To Back
by RoryKearney | August 29, 2008 at 12:21 pm | 472 views | 5 comments
http://www.nowpublic.com/world/12-back-back

Part 13 - To Catch A Rat — Illegal Rumor Mongering at its Lousiest
by RoryKearney | September 2, 2008 at 10:15 am | 1330 views | 2 comments
http://www.nowpublic.com/world/catch-rat-illegal-rumor-mongering-its-lousiest

Part 14 - Are They Going To Arrest The Sith Lord
http://www.nowpublic.com/world/are-they-going-arrest-sith-lord
by RoryKearney | September 11, 2008 at 11:43 am | 452 views | 2 comments

Just Say Yes. The FDA Ties That Bind. A Saturday Morning Rant.
by RoryKearney | July 12, 2008 at 08:24 am | 270 views | add comment
http://www.nowpublic.com/health/just-say-yes-fda-ties-bind-saturday-morning-rant

#15 No Penalties for Financial Rapists! - Overstock CEO speaks on Naked Short Selling
RoryKearney | September 17, 2008 at 03:44 pm | 390 views | 10 comments
http://www.nowpublic.com/tech-biz/no-penalties-financial-rapists-overstock-ceo-speaks-naked-short-selling

Everything I write is my opinion. If I have made any factual errors, please notify me, and I will correct them.