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Re: lowman post# 9012

Friday, 04/20/2007 2:26:07 AM

Friday, April 20, 2007 2:26:07 AM

Post# of 51429
The SEC is not here to protect investors or even small companies from naked short attacks. Oh, they might crack down on someone as an example from time to time (like Refco), but mostly they're here to protect big money and big interests--as well as keeping the stock market from imploding. That means they must even protect hedge funds and, yes, naked shorts. The market is riddled with counterfeit shares and if they made everyone cover it would set off a bomb ten times the size of the S&L crisis. It would trigger a devastating derivative time bomb.

You're right about them being in someone's pocket. The SEC is controlled by the FED/central banksters/corporatacracy complex. It's there to protect THEIR interests, not ours.

JMHO.

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