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And the rest of us will be pleased to show up for that party once we are through selling or holding for a much higher value...
We will need people to sell right out of the gate to provide liquidity, so better you than me...
Best wishes to all...
An easy Fast to my Jewish Friends
A Happy Thanksgiving to my Canadian Friends
A great Columbus Day to my American Friends
And to all BCIT'ers from every walk of life, let us rock this effort all the way, regardless if we win or lose here, we are here and now and have a chance to stand up for what we bought and prosecuting those that have tried to steal from us.
Cheers,
Although we are not trading yet, it seems that the short side (recently) and long side are both represented on the board.
Tells me we could be trading at any time, and that some will be very insistent with their opinions for us to sell for as little as possible, and as soon as possible.
Good sign...
ROFLMAO, are you serious, wow thanks man, have not laughed so hard in a long time.
Guess Mr. Megas must be nervous and all, gee he must have his knees shakin now that kruy has informed us the investigation is still ongoing, LMAO, oh stop, laughing so hard its hard to type this...
Thanks for that, lol
okay then, please keep us up-to-date on how that investigation is going kruy, we are all very interested in your results, and of course your proof...
Ta then,
Ha Ha Ha, good one. A thief steals a car and their only penalty is to return the car, many might wish so, ha ha ha, nice try...
If we have some arrests of people that colluded against BCIT and the American Stock Markets...
... do you think by giving them a perp walk, it might help quell some of the anger with the Wall Street Protesters???
I think it would be great to get some arrests going with the BCIT fiasco and show the protesters something is being done against perpetrators of these types of crimes.
Is that their choice, I mean are they allowed to collude like that?
In Canada that would be considered akin to price fixing and be anti-competitive...an offence.
Seems like it will be many many years by the time we get down to all the charges that will be filed against many people and companies. The potential criminality here runs very deep and very wide, including Tax evasion and Patriot Act potential offences.
And judging from Mr. Megas' stick-to-it-ness, I don't see him stopping until every last possible charge is filed, against every last possible person that is responsible or aided those who were.
No doubt some must be very nervous at this point, waiting for the knock on the door...
The most maddening thing for criminals is they never know when. Actually, they end up being the last to know when they are arrested.
Remember, no one in security cares how many times you have done something and gotten away with it, no one cares how successful you are...there is no respect for you and what you can do, because...
...All we have to do is catch you once for you to go away and become official labelled a criminal...
Very encouraged with that news up here, I mean the dollar news, the fence stuff not too many here read supermarket tabloid stuff, it takes away from realistic issues, ya know.
But our currency shot up from about 0.93 cents to as high as a 1.30 because of the 2008 financial disaster, it has been extremely high throughout this downturn. Which quite frankly, really impacted our ability to compete given that our goods and services produced were so much more expensive.
We became very expensive to American consumers and businesses.
But we still managed our economy efficiently, even with that huge head-wind against us.
Our government allowed businesses to write off new investment in technology and productivity investments a lot faster to encourage our industry in becoming more efficient. They were saying it was best given that our dollar appreciated over 40% during this downturn...
and our economy held, grew and improved...
Now with the dollar down and going lower (we hope), manufacturing and producers are having a much easier time competing against other countries companies, mostly American, as the dollar now is in our competitive favour.
Isn't it amazing what can be accomplished when you have a reasonable, Conservative government in power.
Times are a changin'
There getting easier for Canada to compete,
Cheers man (ROFLMAO, man try harder dude, LOL)
Good article, non partisan...
Is America becoming a house divided against itself?
http://www.cnn.com/2011/09/28/opinion/gergen-broken-government/
Editor's note: This is one of a series of CNN Opinion articles on the question: "Why is our government so broken?" David Gergen is a senior political analyst for CNN and has been an adviser to four presidents. He is a professor of public service and director of the Center for Public Leadership at Harvard University's Kennedy School of Government. Follow him on Twitter: @David_Gergen. Michael Zuckerman, who graduated from Harvard College in 2010, is David Gergen's assistant.
Cambridge, Massachusetts (CNN) -- When trouble strikes in our personal lives and we are searching for a source, it usually makes sense to take a look in a familiar place -- the mirror. And so it should be in our troubled politics today.
Many of us are deeply angry at politicians in Washington and the broken government they have created. We tend to look down upon them as jackasses and ideologues who are incapable of organizing a two-car funeral. We blame special interests for capturing them, a 24/7 media for encouraging them, and power for corrupting them. Indeed, a list of reasons for broken government could -- and will -- fill a week of columns.
But perhaps we give too little attention to the basic notion that our politicians are also a reflection of the public they represent. As the old saying goes, we get the president we deserve -- and usually the Congress, too. In truth, our fractured politics are due in no small part to a fractured country -- one in which consensus and moderation are disappearing. With apologies to President Truman: the buck stops here.
David Gergen
Those of us who are older -- born somewhere close to midcentury -- grew up in an America where there was a general consensus that the United States was a great nation, that you could be a success if you worked hard and played by the rules, that government had a positive role to play when trouble hit, and that politics must stop at the water's edge as we united against dangerous enemies. But with Vietnam, the tumult of the '60s and '70s, Watergate and more, our sense of common purpose began collapsing.
Listen for a moment to three of the smartest observers in the country who have weighed in this week on the collapse. In this week's New York Magazine, columnist Frank Rich argues that by the late 1960s, "the bipartisan national consensus over the central role of government -- which had held firm through the Roosevelt, Truman, Eisenhower, Kennedy and Johnson administrations -- was kaput. The Reagan revolution was in the wings."
We also began to lose faith in ourselves and our values. In an interview with the Financial Times early this week, Professor Michael Porter of the Harvard Business School chimed in with pained observations about what is happening to American competitiveness: "This is shocking for the U.S. If you go back 100 years, you find that the U.S. was a huge pioneer in public education. ... The U.S. was a real pioneer in creating a national, very deep university system. ... The U.S. was a pioneer in the interstate highway system. ... We stepped to the plate in the past and made very, very bold investments in the fundamental environment for competitiveness. But right now, we can't seem to agree on any of these things."
Or listen to William Galston, who was instrumental in helping President Clinton bridge the divides in politics. In the New Republic, he argues that the middle is shrinking in politics. In 1992, he points out, Gallup found that 43% of respondents identified themselves as moderates, 37% as conservatives, and 17% as liberals. In 2009, conservatives and liberals were each up 4% and moderates were down by 7%.
Similarly, a study of national election data by Alan Abramovitz found that in 1984, some 41% identified themselves at the midpoint of an ideological scale versus 10% who placed themselves at liberal or conservative extremes. By 2005, the number who identified themselves at the center had dropped to only 28%, while the number at the endpoints had risen to 23%.
We continue to hear that even so, independents have the whip hand in electoral politics and we tend to assume that they are middling in their views, open to argument, and rather homogeneous. But even these assumptions seem doubtful. Frank Rich, for example, highlights a recent Pew survey that suggests that nearly half of independents are actually Democrats (21%) or Republicans (26%) who just shy away from the label, while another 20% are more populist, skeptical Democrats ("Doubting Dems"), 16% are "disaffected" voters with a highly negative view of government, and 17% are "disengaged" altogether. Not exactly a portrait of moderate unity.
Surely there are many sources of the fractures in today's electorate, just as there are many social scientists more qualified to take a crack at explaining them. But one potential contributing factor comes from a fascinating piece in National Affairs by Marc Dunkelman, who fears the winnowing out of so-called "middle-tier relationships" for the American citizen.
These relationships have long been, as Dunkelman puts it, "at the root of American community life," and encompass such different-minded acquaintances as "bridge partners, brothers in the Elks club, fellow members of the PTA." But these connections have withered in recent years, even as we stay close to those like-minded folks who inhabit our inner circles of friends and family, and are connected on an unprecedented scale by technology and social media to those farther away. Without these vibrant, heterogeneous "middle-tier" relationships, Dunkelman argues, it may simply be much harder to build the sense of public trust and unity that allows people to stand up to big challenges together.
The good news is that, as with any self-inflicted wound, the power is in our hands to change course. And indeed there is a growing sense in the country that people are finally getting tired of this particularly rancid level of divisiveness. There is a generation rising -- singled out in a recent TIME Magazine cover story as "The Next Greatest Generation" -- that, led by its young military veterans, is eager to put aside partisan squabbles to get things done.
The bipartisan group No Labels recently convened a conference call with Starbucks CEO Howard Schultz that they reported drew more than 100,000 participants. And even in Washington itself, Lamar Alexander, a senior Republican senator, recently quit his leadership post so he could devote more time to forging consensus and working across the aisle.
So there is cause for hope. In the meantime, it is up to us to continue to hold those in the halls of power accountable for results and not just party orthodoxy, and to expose ourselves to people outside our handpicked inner sanctums, ideas and opinions outside our own ideologies, and even news sources different from our favorites (unless you're a regular CNN viewer, of course).
Politics in this country has always been rough-and-tumble, and so it should be. But as no less a patriot than former Secretary Bob Gates reminded us last Thursday while accepting the Liberty Medal at the National Constitution Center, "The warning given a long time ago by Benjamin Franklin still applies: 'Either we hang together or we will surely all hang separately." That advice likewise applies as much to our representatives in government as it does to those to whom the founders truly entrusted the reins of power -- us.
I see your point mikey, really do, that whatever funds we would get are from others that they have stolen from or deceived (i.e. Blood money)
But it is the only way!
If you want to stop this it simply must become unprofitable, and very expensive for those who wish to pursue it.
The only way to accomplish that is by making the penalty and payment as extreme as possible.
Giving away a percentage of those gains to charity, in whichever way you decide, would be a most gracious act, and I would say alleviate a person of whatever guilt that could be placed on them by receiving gains in this way, as they were gotten from efforts that are stopping any one else from being hurt in the same way...
The thing is this must stop, and it won't until there is a real price to pay for doing.
"no law ever written, however noble, ever stopped one crime, until it is enforced and acted on"
Libor rate,
I have been watching this move up incrementally over the past few weeks, even during the debt fiasco and europe disaster...
Almost each day, or couple of days, there is an incremental rise in the rate, and I'm just wondering what that is saying, can't figure it out...
Any ideas? anyone...
The whole NSS issue can not be fairly laid on the shoulders of one man.
There have been numerous stories of the atrocities of naked shorting almost on a daily basis.
Mr. Megas is a true inspiration in all of this. Any other assaulted CEO and we would not even be discussing this, cause we would have been long gone already.
It's even more at a $1.00+ per share, which would be a much fairer recompense for all the illegalities, frustration and time this has taken.
Of course in addition, they should pay all expenses, legal and otherwise, that had to be incurred to bring a light on the rats. Mr. Meagas should be fully reimbursed.
And of course, each company and individual should have fines, penalties that should be of a high enough amount so as to set an example for others, that the American markets are, once again, safe to invest in.
And lastly, any individuals involved with this should be prosecuted under laws relating to national security. By degrading the integrity of their markets - outright fraud of securities, counterfeiting, they have cause incredible harm to the country.
That's what should happen here, IMO.
Give us a buy-in and we'll take care of the financial side.
I know people that are watching this very closely, as they see a double opportunity here.
1/ Make some incredible returns in a very short amount of time.
2/ Sticking it to the MMs, brokers, DTCC, SEC - there is a huge under-belly of discontent surrounding the markets, Goldman and hedgies - so any opportunity to have some pay-back here, will leave many frothing at the mouth to get a pound of their flesh, after all this time, IMO.
We are not in a position to be selective, IMO.
The only option there is is the one in front of us by Carlton.
We do not have many choices, and at this point I will trust Megas as he is still here, when he could so easily have just left this, and we would have zilch...
OMG are you serious.
Let's understand what you're saying. Megas waited 6 years to now rip us off, even while he is paying Carlton?
He could've walked away at any time, saved himself a ton of aggravation, but decided to keep it going just so he could pay a high powered security professional and use us?
really?
Com'on man...
Sure, others have referenced what they would do to the guy, but with me it's pointed out...
Sorry for getting under your skin with my views, please feel welcome to ignore my ID...
The best way to reduce debt SJ...
Stop fighting unnecessary wars that give monetary gain to only a select few...
Yup, death by kicking him in the stomach, until they breath no more...
Absolutely!!!
Me too Brother, me too.
I think it would be great therapy for the living, to kill them, in my opinion.
In the Bible, old Testament is says something along the lines of ridding your people of the bad seeds.
If child molestation is in a person's soul, it is a good time for that person to have his soul removed from his body.
Yeah man,
God Bless Kelsey, heaven surely waits for you...
Hell is not some mystical place beneath us, for many Hell is Earth and Earth is Hell, death is an escape for too many.
Hopefully this gets viewed by many people and catches up to that bastard . At least in prison there is a certain kind of justice that can not be polluted like our laws are.
This could be the time cat to buy, or work way in...
Many think the US will do well in 2012, I'm one of them.
Think Canada and other resource countries have had it a bit too easy by comparison, so looking for declines there, imo.
Good luck,
kakistocracy (plural kakistocracies)
Government under the control of a nation's worst or least-qualified citizens.
Agreed, now that I know the meaning of that word, lol
BCIT has no friends. Or better put, the fatcats that are responsible for the BCIT situation, the naked shorting, and probably have a hand in the 2008 Great Recession, have MANY friends in Washington.
So becareful who you believe, because they will say and do anything not to give us our worth.
All BCIT'ers have, is this chance to fight back.
That's it, that's all. and we should be thankful for that, IMO.
Right On!
Anyone who does not take steps to help themselves, now that Carlton is giving us a way...
...if you do not act on this, then you have no right to complain about the markets, the corruption, the SEC/DTCC or the despicable state of enforcement against the brokers, MMs and hedgies.
If you fail to act, you have no moral right to complain...
"people deserve the government they get"
We have only ourselves to blame unless we stand up!
it as simple as that, really, at the end of the day...
Hi Carlton,
Will only be able to do by Wednesday, hopefully that is not too late?
That was my thinking too Alan when I first read the ST news yesterday. It was my first reaction.
It will be interesting how this goes from here.
Criminality has happened here, how will justice get served is the question.
If this scum does not go down, do you think for a moment that they will not do this all over again to other victims, or a similar crime and machination. The only way a criminals (just because someone is civil, wears a tie, has a good job, does not mean they are any less of a criminal) The only way they stop doing what pays them (financial theft) is to forcibly stop them.
Scotland Yard's best are on the case, I feel very assured by that fact, IMO.
Godspeed to Carlton and his fine team, on hunting down and prosecuting the vermin that profited from the illegality here.
Lol, unfortunately for hockey I live in Toronto, but definitely not a leafs fan... Habs I keep an eye out for,
Think every Canadian will be keeping an eye on the Jets this year, whether or not you root for the home team, the Jets have embodied all the good aspects of being a Canadian...
Patience, temperance but never relenting, and a loyalty that no one can shake, and of course success of long fought efforts.
Enjoy buddy, you guys really do deserve this. You guys have more fan support for your Junior hockey team the many fans have for their NHL team...
Now that you have the Jets back home (where they should be)...Enjoy man, we all will enjoying them...
There was a Mother Tuckers restaurant in Montreal. Think it was on Beaver Hall hill, downtown.
They were famous for their beef ribs, and rightfully so, they were amazing...
What, you guys don't get points for how many you hit in the parade?
Hate those damn parades...
Are you nuts, why would a security person want to advertise. Trust me, when you need people like this, they come recommended IF YOU ARE LUCKY.
There is no shortage of work for the ilk of Carlton. You do not want publicity in his profession. What you want is a reputation for results, then everyone wants to hire you.
No shortage of work because there is no shortage of scumbags
Absolutely! And not too mention that people with the pedigree experience of Scotland Yard will have many doors open to them with US authorities in law enforcement, called professional courtesy.
I spent 17 working in the security industry on very important projects of a high security nature, I was a VP/executive level and believe me Carlton's name will open doors that would not be otherwise opened, to get the US authorities involved.
And like most people with law enforcement experience and contacts, if they think you are guilty they will notify everyone and their mothers. They will pull in every contact they have, and so would I.
The good ones want to remove the scum from society so that they can not hurt others.
"Evil flourishes when good people fail to act"
Carlton is a good man!
Let Carlton do his work!
He is the expert, he has the experience, he has all the information, let it happen without expecting him to give everyone a play by play, and then have to discuss to everyone's satisfaction each move that happens.
I knowing we are all frothing at the mouth with our vengeance for a pound of flesh, but this man is the international, specialized professional.
The man is an expert, and although we all think we know everything there is to know about this, I'll bet there is a ton we could never think of on our own, as we have never done this type of work, particularly at the SY level.
This is the best it's been in 6 years, he has been here since February, let him finish with our confidence.
Remember, any question you get him to answer will be seen by all. And maybe some of those answers should not be made public just yet.
We have had faith this long, what is another month...
Not to the best of my knowledge.
We do not have any capital punishment by any means. I wish we did for some of the real problems that have no chance at rehabilitation and have committed multiple capital crimes.
Not advocating a copy of the Texas system, just not for us, but yeah hanging some of the ones that have no hope and deserve it, yup, they should be dealt with IMO.
And as opposed to being resentful for his correction, you probably feel as I do, thankful that I have a Dad that cared enough to make sure I knew what was what.
My boys feel advantaged over some of their spoiled friends (who just can't seem to get it together, ya know), and are reaping the benefits of a proper upbringing.
Cat is right, it is the parents, but society is a parent in a sense, and some our challenged kids need some discipline IMO
It may sound barbaric, but particularly the young could benefit greatly from a system that used the cane for correction instead of wasting lives at the University of Incarceration.
Well I know from my own life that when younger and had a wild though in my head, the thought of my Dad correcting me usually sent the thought out of my head very quickly...
Raised two sons who are both excelling and if they needed it, they were corrected by me, their Dad. At the time, my wife and I disagreed on how the boys should be corrected or disciplined, and I am usually a person that will compromise. But with my sons I would not compromise. I told her that if she disagreed with me that is fine, but do not even try to stop me from raising them into proper, respectable men and people.
She is very happy I did that, so are my sons, and I now have peace of mind because they take on their own loads and lives and stand as honorable men.
These offenders that we chastise are people. Many come from backgrounds and environments that would make criminals out of the best of us. So in a sense, you are helping them.
Is it barbaric, yup. But a year after, they have a small scar on their butts, but more importantly have a corrected thinking put in their head and a real shot at a life. As opposed to survival as an outcast criminal and parasite on society.
My friend tells me the Caners are trained to hit the exact same spot each time, to maximize the pain. After several hits most people will pass out.
In Singapore at least, passing out is no excuse for not receiving your punishment. If you pass out, a doctor examines you to determine if you can get more whacks that day, or if you must come back in a few days.
Their repeat offender rate is extremely low. When interviewed anonymously the ex-criminals say it was the cane that they feared most when they had an opportunity for a crime.
It may seem barbaric, but it works and in the end is better for the criminal as well as the society, IMO.
Yeah, been following that story.
Yeah it's friggen terrible man.
Reminds me a bit of the old Charles Bronson movies.
And this poor man has to sit through it all, all over again, God Bless him man...he is showing great courage by being there and sitting through all the BS.
I know it may sound crazy but we should cane anyone caught doing a crime with a gun. A good friend of mine is from Singapore, where they use the cane very effectively.
When some gang-banger has had his butt beat so hard he would have passed out form the pain, to have to be revived and finish his sentence, which makes him pass out a few times... maybe he won't find it so cool to be packing heat the next time.
In Singapore a Caner is an actual profession, they are schooled and skilled on deriving the most pain possible.
Sorry for sounding crazy, but some kid would be better served with a scar on his butt then being educated at prison university, in my opinion.
See what I mean?
Hey, how did you get a picture of my twin sister eh?