MARKET REFORM MOVEMENT-NSS/FTDS&RELATED ISSUES

[NYBob]

Naked Shorting and Fails Around the World, US Embarrassed
Again

Location: Blogs Bud Burrell - Front and Center
Posted by: bburrell 10/13/2006 1:46 PM

Japan has announced it is going to Straight Through Processing,
and India is doing the same, moving to T+0 shortly.
Now it is reported by reliable sources that markets in Europe
are shutting down all new naked shorting, and related fails,
and forcing gradual liquidation of existing fails.

A company I work with is filing an application for listing on
the Offex in London.
That Company has been informed that the Offex (similar to our
Pink Sheets here) will not permit naked shorting, nor allow
fails to deliver.

The AIM market in London is adopting the same rules according
to this source, linked to a study began in 2001 by the FSA.
The UK has adopted these rules across the board.

Germany has moved to stop all new naked shorting on its
exchanges, and is forcing a gradual workout of existing fails.

Switzerland has enforced three day settlement for years
without wavering.
They don't look very stupid right now.

India's SEBI rejected the DTCC model for its custody system,
and permits neither naked shorting nor fails.

Japan's JASDEC has announced it is moving to straight through
processing.

So the US and its markets' and regulators' positions on
these matters are being roundly rejected globally.

I said some months ago the issue is no longer in doubt.
Either the US fixes this horse manure here, or they will
not be able to trade in other global environments.

The line forms at the left for the rotten vegetables to be
thrown at our pigs.
We can always hope they will try to seek retribution
against those opposing them.
I would personally welcome such an event as a
"Retirement Moment", one I can live on and enjoy till I die.

http://www.thesanitycheck.com/Blogs/BudBurrellsBlog/tabid/84/EntryID/482/Default.aspx

Its appear to be 100% - 666 - taken over -
the gov. bureaucrats all demoniaced? -

http://www.888c.com/
God Bless