No Own - No Sell

[Bird of Prey]

I am beginning to wonder


about the cognitive abilities of the opposition. The petition is very clear about the objective...a TEMPORARY ban on short selling while the regulations are reviewed and altered to eliminate a loophole being used to undermine the integrity of the market. The public is becoming aware of the flaw in the system and is demanding the authorities do something about it.
the alternative to fixing the system is not pretty. On the one hand the public remains fooled by the rhetoric and our enemies short the markets into oblivion; on the other, the public, realizing that there is no longer a reasonable chance of success for the average Joe...exits the market altogether. Either way the end result is the same. Capitalism is destroyed. The true goal of our real adversaries.
Think about it...Banks are set up to take in money in the form of deposits and loan it out under strict rules. As long as these rules are followed there is no problem. But if a banker decides to operate outside those rules things get ugly in a hurry. In some cases what we have happening here are "rogue bankers" bending the rules to their own benefit. We need better enforcement and tighter restrictions to hinder those activities. But far more dangerous would be a "hacker" that has found a way to circumvent the rules and do as he pleases with our money. From what the shorts themselves are saying this is a much closer analogy to what they do. They have found a way to circumvent the rules and do as they please. They rail against the petition saying that an "end to short selling" would damage the market, trying to deflect from the real issue which is closing the backdoor they use to steal money from hard working Americans. If you read their comments and posts the pattern repeats over and over:

- You guys are stupid.
- You don't know what you are talking about.
- Look at these "other" evils!
- We do more good than anyone else in the market.
- You need us to do what we do or things will be worse.
- If you don't stop your petition we will get you.

In an effort to prove how bad some other market elements are they have offered examples that in reality support our petition. they have shown how organized groups of individuals and big firms abuse the existing system to the detriment of individual shareholders as proof that we are wrong in presenting this petition. Yet, the examples they cite are using the very loopholes we are asking to be closed!
Let me say that Gary and I recognize that legal short selling is a necessary part of a healthy market. We are not focusing on any single part of the market, our petition addresses the market as a whole. The problem is simple, there is a vehicle through which certain unscrupulous characters can circumvent the regulations put in place to protect American investors and their markets. These characters have banded together in a loosely aligned "cadre" to exploit this vehicle for personal gain at the expense of the American people.
And as certainly as a "cadre" of rogue hackers trying to disable our financial communications network, or our defense network must be shut down and closed out, so must this "cadre" of illegal short sellers be shut down and closed out...before they can finish destroying our markets.

The Bird of Prey