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Re: bluediamonds post# 186620

Wednesday, 11/22/2006 10:32:06 AM

Wednesday, November 22, 2006 10:32:06 AM

Post# of 311080
Welcome to The Sanity Check
http://thesanitycheck.com/

If you are new to the Market Reform Movement and the underlying issues of market manipulation and naked short selling, click here.

Sign the Market Reform Petition Now!: View it here.

For those wishing to read Gary Aguirre's controversial 18-page letter to Congress, Click Here to select Bob O'Brien's Sanity Check Blog, where it is linked in his June 27 and June 23 blogs.

American FlagThe Sanity Check website is intended to be an independent news source covering the Market Reform Movement. "Market reform", because much evidence suggests that our U.S. equities markets are out of control, and will either collapse under the weight of their own larceny, or be reformed, and operate in a fair and reasoned manner. The most pressing issue concerning many is the Naked Short Selling crisis affecting the stock market. This is a cancer - a malignancy that threatens popular faith in the integrity of the entire system. Lest you think this is all a flight of fancy, view footage of Senator Bennett discussing the issue with former SEC Commissioner Donaldson in a Senate Banking Committee hearing by clicking here - move the slider to 1 hour, 19 minutes and 35 seconds.

The practice of defrauding investors by taking their money and refusing to delver the product they paid for has many names. Some call it market manipulation, some call it naked short selling, others call it failing to deliver, still others refer to it as Stock Counterfeiting; many call it fraudulent stock trades.

Whatever your vernacular, it is the processing of a stock sale transaction in order to depress the price of the stock, with no subsequent delivery of the stock - the buyer doesn't get what he paid for. Non-delivery of stock is expressly forbidden by Section 9 of the Securities Exchange Act, and yet that is precisely what is occurring. The practice as described is illegal, and likely represents the single greatest threat to the US equity market, as well as the US financial system, and the engine of American prosperity that is the ability of smaller, early stage companies to access the capital markets, in order to develop and grow their businesses. Naked Short Selling is widespread, malevolent, and is at its essence, simple fraud - money is exchanged, but no product is ever delivered. There are those that claim it is good, or necessary, or justified, but our view is that defrauding investors is never good or justified, whatever the rhetoric. This site is meant to act as a resource for those exploring the subject - a good place to begin is in the Getting Started section.

Once you've nosed around a bit and familiarized yourself with the terms and the concepts that define the issues, please, get involved, and help reform the markets. Click here for a list of suggestions to start being part of the solution, rather than a victim. Your individual effort CAN make a difference.

For a neat resource that will show you all stocks on the Reg SHO list, along with cumulative totals, click here.

A number of blogs featuring key commentators are live at this site. Dave Patch, Bud Burrell, Mark Faulk, Bob O'Brien. Bob's column will now appear exclusively at this site, under the "Bob's Sanity Check" tab. The Faulking Truth and Investigatethesec.com and NCANS.net will all maintain their own discrete sites, with this portal acting as a supplement to their fine work. Go to the links page for additional sites that feature NSS info and news.

http://thesanitycheck.com/
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