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Re: futurist7 post# 48265

Monday, 05/14/2018 5:24:36 AM

Monday, May 14, 2018 5:24:36 AM

Post# of 52074
___Futurist,

The question is: Will the shareholders get it together to work out a plan of action

For now the "the shareholders" are an unorganized, angry, discouraged lynch mob that would love to hang somebody despite some individuals like yourself trying to find a rational solution in the melee.

Obviously two groups stand out: the erstwhile management whose rescue plans were aborted by the bankruptcy petition and the abortionists - in the latter singular case an ugly epithet to this choicer and I reckon most stockholders.

While being fully aware many, and perhaps a huge majority, would toss the putative management in bed with the above described abortionists, I suggest to you the SEC is little better than the abortionists with Dodd and crew our best hope.

When Franklin Roosevelt got Congress to establish the SEC, Roosevelt appointed Joe Kennedy to run the joint because he fully acknowledged nobody was better at fixing markets than Joe Kennedy.

The current hapless crew at the SEC couldn't fix a parking ticket in my estimation. It has been increasingly worthless through all administrations for decades IMHO. Computers today control most trading and that silicon "intelligence" is even better at creating crashes than Elon Musk's driverless cars:

https://www.wired.com/story/tesla-autopilot-self-driving-crash-california/

Be best if Musk sent all his driverless cars to Mars or Jupiter and how I wish they would take the current SEC with them. Where is Joe Kennedy when you can finally use him?

All JMO.

Best, Terry

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