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Re: jimmym4 post# 264167

Saturday, 12/13/2008 4:25:32 PM

Saturday, December 13, 2008 4:25:32 PM

Post# of 358482
a lot of naked shorting went through there too, you all have to remember is that bernie has hid the money and now calling it all a ponzi scheme is just more smoke to hopefully get his kids and cohorts off the hook. bernie's best friends are the regulators, he says so in the you tube conference 10/2007 ,he was the chairman of the nasdaq ,otc and pinks for years, he helped create the order flow to computers ,he knows the only real way to make money is naked shorting stocks on the otc and pinks as soon as they come out of the box,thus his big clients knew this too, they are not stupid. he has been in the business since 1960.he knows where all the skeletons are buried and this knowledge will limit his punishment. god forbid this guy spills all the beans because major peeps in all categories will go down. bernie contributed many dollars to clinton campaign and sec cox i am positive has big freindship with bernie. nssing is like shooting pigs in a barrel.bernie madoff and bernie ebbers don't have the same connections. the problem here is that the jig is up, over, kaput, and the naked shorting has to be covered starting next monday 12/15/2008. bernie confesses and turns himself in on 12/11/2008. bernie doesn't want to use his own money to buy back all the years of naked shorting, he can't, there is not enough money with doing that and at the same time a lot of his investors want their money back.
the fbi has been working with madoff a long time on this prepackaged deal. look he is out on bail for $10 million only. he is eating his cream cheese and lox on a multi grain bagel as we speak from his new york apartment.
the deal has already been predetermined how many years ot months he gets and the fed will step in and buy back these short positions.
bernie was number 23 or the top 30 market makers, prime brokers but more importantly he was the main king pin of pink and otc nssing.
One Trillion Dollars of trading a year went through madoffs firm!!
and he talks about pinksheets and OTCBB Stocks!!>>>>
It gets interesting at the 30 minute mark!

Notice how Josh looks at the ground when he explains KEY points of Market Making!
:::::::::::::::
This IS the Smoking Gun!! IMO


there will be many more coming stay tuned and ride your cellar boxed wonders. imho do some dd
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