STOCKGATE The Counterfeiting Of American Stock Shares.

financialwire.net ^ | 8/25/05 | financialwire.net via COMTEX

[abletruth]

Everyday the SEC allows 6 billion dollars of FTD "Failed To Delivers" to occur. The SEC's stocl borrow program ran by the SEC's DTCC has allowed off shore hedge funds to borrow shares and necver return them in the 13 day period. This has gone on for the last 6-7 years. The DTCC makes a small % of each shares regardless if it is legal or illegal.

Watch for the name of Dr Robert Byrne he and super lawyer John O'Quin "RJR Tobacco Fight" they are gong to bring this Fianancial terrorism to the public, it effects 401s, IRAs, it used to be just small companies but the brazen naked short sellers have targeted large companies like Delta Air, Wells Fargo to name just two. This is ruining our markets and in time will destroy them.

[BlackJack]

Thanks for this post. This is incredible information.

[snowsislander]

Welcome to Free Republic.

[Truth is a Weapon]

ping for future reference

[Chewbacca]

The banks and funds have been naked shorting the precious metals and mining shares for the past three or more years to suppress the number of people from fleeing the tech and dotcom stocks for the commodities.

[The Last Rebel]

Can someone PLEASE tell me in plain redneck english what that means?

Thanks,

TLR

[mabelkitty]

Please. I'd like to be pinged on the plain English explanation, as well.

[The Last Rebel]

Something about naked folks and shorts and money. ;-)


TLR

[mabelkitty]

LOL!!!!
Must be why nobody came back to the thread!

[The Last Rebel]

Either that or it was over their heads, too and they didn't want to admit it!! ;-)


TLR

[n-tres-ted]

Here's the website where you can stay informed on the naked shorting warfare: http://www.ncans.net/news.htm
The name of Overstock.com's CEO is Dr. Patrick Byrne.

[wideminded]

Can someone PLEASE tell me in plain redneck english what that means?

I've just been searching for information on this problem and so far I haven't found a clear explanation either.

[Royal Wulff]

Go here NCANS.

[devane617]

I thought naked short sales were outlawed a few years ago.

[xcct838]

Outlawed? Yes, in Securities Exchange Act of 1934.

Regulation SHO is a sick joke and waters down laws on the
books for 71 years already. The SEC (and Congress)
is dancing to the tunes of the hedge funds and brokers.

[devane617]

Thank You!!! I trade K's shrs daily and am always amazed at what the big guys get by with. I assure most people have no idea...

[MeneMeneTekelUpharsin]

This is a fact, not theory. Naked short selling is ruining some companies by ruining their debt rating due to the reduced price of their stock which then accelerates their financial problems. This has occurred with Taser, Calpine, Mirant and MANY, MANY others. These guys are going to collapse the stock market if left unchecked.

[MeneMeneTekelUpharsin]

Everyday the SEC allows 6 billion dollars of FTD "Failed To Delivers" to occur. The SEC's stocl borrow program ran by the SEC's DTCC has allowed off shore hedge funds to borrow shares and necver return them in the 13 day period. This has gone on for the last 6-7 years. The DTCC makes a small % of each shares regardless if it is legal or illegal.

You are spot on with the above statement. The fraud is in the billions and the SEC lets it happen.

[calljack]

had a run in with the SEC a few years ago.
Wanted to sue them for criminal neglect.
Cant do it.
Drove my co.outt of business and then said
"Oops,we were wrong ,sorry,bye now"

[MeneMeneTekelUpharsin]

The difference between government and the mafia?

Size