Naked Short Selling - Corruption on Wall Street

Trampled Underfoot

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http://www.businessjive.com/nss/darkside.html

Above is a presentation by the CEO of Overstock. Its a great presentation of the greed on wall street. I do believe the grandfather clause is about to be removed two years after the SEC illegally grandfathered all failure to delivers prior to 2005. However, nothing surprises me anymore. The SEC needs to be destroyed.
 

The Sponge

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http://www.businessjive.com/nss/darkside.html

Above is a presentation by the CEO of Overstock. Its a great presentation of the greed on wall street. I do believe the grandfather clause is about to be removed two years after the SEC illegally grandfathered all failure to delivers prior to 2005. However, nothing surprises me anymore. The SEC needs to be destroyed.

Anyone ever find out who the guys were that shorted airline stocks right before 9/11? It shouldn't be hard to figure this one out.
 

DOGS THAT BARK

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You better be scared then Sponge--because many are shorted noe and always have been as with most stocks--I challenge anyone to find just one stock that doesn't have short selling involved.

however problems might be solved if liberals keep proceeding into socialism--will be almost impossible for any company to make profit--

I see Osama bama is on on predicted liberal path dodging important issues but pandering to their base with more freebies--just came out today with universal healthcare--what a joke

Heres a another goodie from the left-pelosi territory-- GIMMIE GIMMIE GIMMIE the liberal mantra for their base.

Paid Sick and Take-Care-of-Your-Neighbor Days to Be Mandatory in San Francisco

Thursday , January 25, 2007




For many workers calling in sick means more than spending the day in bed, it also means not getting paid ? unless you live in San Francisco.

Employers in the City by the Bay must now give paid sick leave to all their workers ? even, in some cases, when they're not sick. One provision of the law allows workers without families to call in sick to care for a friend or neighbor ? all on the boss' dime.

Voters overwhelmingly approved the measure, which is the first law of its kind in the country. It mandates sick pay for everyone from full-time cab drivers to part-time nannies. The law provides up to 9 paid sick days a year to an estimated 115,000 workers, including low-wage earners who, according to labor activists, can't otherwise afford to skip work.

A local chef says he's either going to have to raise prices or hire fewer workers:

?Sure it's kind of nice to suddenly have more sick days, but realize you end up giving something up for that, and no one ever looks at the consequences of their actions in this town, especially in politics, and especially with progressive politics," said area restaurant chef Dan Scherotter.

Local employers are having a hard time gauging the impact of the new law because the city is still drafting the rules and regulations explaining what businesses need to do to comply. But time is not on their side; the ordinance takes effect in less than two weeks.
 

StevieD

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To get back on track......don't expect the SEC to help the little invester. Especially during the Bush-Cheney years.
 

DOGS THAT BARK

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Valid point T.U.

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Stevie--a piece of advice--quit waiting around for someone else to take care of you--if you get away from those liberal blogs that tell you how bad you have it--and everybody owes you--you'd be much better off ;)
 

The Sponge

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Valid point T.U.

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Stevie--a piece of advice--quit waiting around for someone else to take care of you--if you get away from those liberal blogs that tell you how bad you have it--and everybody owes you--you'd be much better off ;)


why do you have such a problem with programs to help people but you have no problem with war profiteers that are taking your same tax dollars? Do you unlike the rest of us have a different type of dollar? Why is it you have no problem with corporate welfare but all kinds of problems for someone who loses his job and has to collect unemployment for a while so he doesn't lose his home. And to get back on point there was a very unusually heavy volume leading up to 9/11 with stocks being shorted in the airline industry. Why is this okay with you because again our tax dollars got pissed away for giveaways to the airline industry.
 

StevieD

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Valid point T.U.

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Stevie--a piece of advice--quit waiting around for someone else to take care of you--if you get away from those liberal blogs that tell you how bad you have it--and everybody owes you--you'd be much better off ;)

I am not looking for anyone to take care of me Dogs. All I ask is for a fair shake for myself. For those that need help I would rather they get it than some multi-billionaire.

I would rather my tax money go to an American than to an Iraqi, who won't even fight for his own freedom.
 

The Sponge

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I am not looking for anyone to take care of me Dogs. All I ask is for a fair shake for myself. For those that need help I would rather they get it than some multi-billionaire.

I would rather my tax money go to an American than to an Iraqi, who won't even fight for his own freedom.

Stevie that is the difference between you, me, and dog. We don't want the handout but we don't want to get screwed either. We feel compassion for the less fortunate. Now Dog is just self centered and greedy like all neocons. If this isn't the case then he is just flat out clueless because this is what the people he supports believe in. The almighty dollar is their god. Greed, greed greed. He would rather see our tax dollars going to a war profiteer building a hospital for the tenth time in Iraq because it got blown up eight times and they screwed it up twice before, rather then for people over here to get a little health insurance. Its the neocon way. They despise entitlement programs that is why they always piss our money away. They know if they piss enough of it away their will be none left for these programs
 

DOGS THAT BARK

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Spongebob--let me give you the lowdown on politics and charitble giving. Two good books on issue on by a staunch republican and one by a moderate dem (who also happens tobe black)
here is book by Dem if you like to read it.
http://amazon.com/exec/obidos/ASIN/0465008216/ref=nosim/nationalreviewon

They both came to same consensus.The most charitable people per their income were both moderate rebs and dems --that were of religious faith--the next were upper income Rebs who gave a lot but not proportional to those that earned less. --and at the bottom were liberals who apparently are only compasionate/generous with someone elses money.

Now I hate to keep bringing this up but somehow it evidently never sinks in--would you like me to put up -AGAIN--the charitble donations of the last pres/VP candidtes for both parties--I didn't think so.
 

StevieD

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Spongebob--let me give you the lowdown on politics and charitble giving. Two good books on issue on by a staunch republican and one by a moderate dem (who also happens tobe black)
here is book by Dem if you like to read it.
http://amazon.com/exec/obidos/ASIN/0465008216/ref=nosim/nationalreviewon

They both came to same consensus.The most charitable people per their income were both moderate rebs and dems --that were of religious faith--the next were upper income Rebs who gave a lot but not proportional to those that earned less. --and at the bottom were liberals who apparently are only compasionate/generous with someone elses money.

Now I hate to keep bringing this up but somehow it evidently never sinks in--would you like me to put up -AGAIN--the charitble donations of the last pres/VP candidtes for both parties--I didn't think so.

Now, in sticking with the thread...Dogs apparently has no problem with the rich stealing from the working class and poor as long as they give some back in charity. A charity, which is most likely run by another rich guy who skims 90% off the top for "administrative costs." Oh yes, and these charitable guts are sure to take their tax deduction. What a crock.
 

dawgball

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The CEO of Overstock is flipping joke! instead of running his company and making the short sellers regret it, he spends his time creating these ****ing documents that heighten emotion.

Overstock is doomed to fail, and their business plan is bunk. If you have the opportunity, short the shit out of it.

This situation has very little to do with big vs. little guy.
 

dawgball

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Why is it you have no problem with corporate welfare but all kinds of problems for someone who loses his job and has to collect unemployment for a while so he doesn't lose his home.

This response is no different than someone on the far right saying you don't support our troops because you don't agree with the war in Iraq.

Noone is against helping the person you outlined above. But what is the percentage of the people using the handouts that are in a situation similar to this.

I think we have a poster here who has talked about being on welfare for a little while with his family to get by between jobs. That is exactly what it should be used for. He/she could shed a lot better light on the subject than I will attempt.
 

djv

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Shorts are a way of life in the market. In fact a average Joe with a few extra bucks that guess right can make a couple six packs. There may be more shorts then ever because of leveraged mutual funds. And things can look very strange at times. It does ask for questions to be asked. Health care a different can of worms. Many countries have it now. Some better then others. We should be able to study the better ones and come up with solution. There is no doubt once they find away to let insurance companies in the plan. It will move faster. That is where the money and resistance is strongest. But before more folks can't afford it we must move on. Or those of us left that can will care the load with even higher cost. No Thks.
 

Trampled Underfoot

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No one has a problem with short selling....its naked short selling that is illegal and is everywhere in our market.
 

StevieD

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No one has a problem with short selling....its naked short selling that is illegal and is everywhere in our market.

Exactly, but you see how they want to twist everything around. No one that I know of is against shorting a stock but these hedge funds are having it both ways as well as manipulating the market. As a small investor it is often not enough to do your d and d because these pigs are manipulating the market.
 

dawgball

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Exactly, but you see how they want to twist everything around.

No one is twisting anything here.

The CEO of a publically traded company spends more time putting together these presentations instead of running his company.

Not advocating naked short selling, but I am advocating shorting this company's stock (if we could anymore).
 

StevieD

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No one is twisting anything here.

The CEO of a publically traded company spends more time putting together these presentations instead of running his company.

Not advocating naked short selling, but I am advocating shorting this company's stock (if we could anymore).

Not so much aimed at you Dawg. You make a valid point.
I was told by DTB to take care of myself. He doesn't seem bothered that the SEC, who is the government agency that is put in place to help keep Wall Street honest, is run by a bunch of crooked thieves. And he doesn't address the issue.
 

Trampled Underfoot

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When the SEC grandfathered all the FTDs prior to 2005 they overstepped their authority. The SEC illegally allowed all the FTDs to stand. Who gave the SEC the authority to ignore the security laws that were passed after the 1929 crash? The grandfather clause will be removed soon. Whats going to happen to the SEC?
 
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