Bravo to Dave Patch . The SEC is the enabler for those who have destroyed and will continue to destroy the Markets . The DTCC and Brokerages are fully complicit in the facilitation of counterfeit shares being sold without ever locating and delivering those shares , in my conspiracist opinion .
Investors' only hope is for the SEC to be de-commissioned and for Congress to appoint an accountable Overseer of the Markets . The DTCC must be also be Congressionally ordered to reveal ALL Outstanding Shares for ALL Securities . Complicit Brokerages should then be required to locate and deliver REAL shares for all of their customers regardless to any naked short squeezes that would occur . It would be long overdue restitution by the complicit .
IMO this should be a Presidential Election platform to completely reform the Markets . Fifty million stock market victims would vote for the Candidate who promised Stock Market Reform to its roots . Which Candidate would step up to protect the citizenry , for he would surely win the November Elections in a landslide .
On an aside , everyone knows the faster than lightning action by Government in freezing bank accounts and assets of anyone who is even suspected of cheating on their taxes ...BEFORE guilt is determined , so the almighty Government has the consumate power WHEN they want to use it . NOW is the time .
So far , Bugs Bunny would do a better job at protecting the citizenry .
Renee
To bite the worm of incite is to bite the HOOK of the antagonist . They win .
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