NO QUARTER FOR CORRUPTION (Focussing on The Fed./FRBS)

[Telephonics]

If you thought I was a little blunt yesterday, then read this one. I’m sorry, but these people have screwed America for far too long. It’s time to pay the piper.


http://www.faulkingtruth.com/Articles/Investing101/1059.html


The Circle of Greed: “Let us Prey”
By Mark Faulk
June 9, 2006


A few months ago, somewhere around the time that the NASAA held their forum on naked short selling in November of last year, and shortly after Patrick Byrne wandered unwittingly into the cause and became our mouthpiece on the big stage, advocates of stock market reform began discussing the issue of “critical mass.” We described this phenomenon in an article in February of this year, called “The Circle of Greed: A Voice in the Wilderness”:


What is a turning point in history? The dictionary defines it as “the point at which a very significant change occurs; a decisive moment.”


In every battle, every cause, every war, there is a turning point. At the time, that turning point might be obvious to only a few involved individuals, but the significance of those moments in history are undeniable. Some turning points involve positive developments, while others are the result of negative forces going "too far."
Critical mass is the scale or volume at which processes becomes self-perpetuating. The minimum amount of people with shared understanding or needs to tip the balance and instigate change.
Well folks, it’s official – the balance has been tipped, and sure enough, the negative forces have gone too far. In a Wall Street Journal article this morning called “NYSE Probes Whether Short Sellers Fueled Steep Decline in Vonage Shares” (you’ll have to subscribe to read that one, some people are only in it for the money), reporters told the story of Vonage, an internet calling company that went public only to have it’s stock beaten unmercilessly into the ground by hedge funds and brokers who “sold the company short” and then didn’t settle the trades…in other words, they never delivered, or in this case, never borrowed the shares that were sold. They manipulated the price of the stock by creating artificial supply though naked short selling, and now NYSE regulators want to know why and how it was allowed to happen.
And finally…FINALLY…The Wall Street Journal, and federal regulators, came out and said the “N word,” no, not the racial slur, “naked short selling.”


To read the rest of this commentary, go to: http://www.faulkingtruth.com/Articles/Investing101/1059.html