The Securities and Exchange Commission

[Telephonics]

The SEC Official Party Line to Stock Market Fraud
by Mark Faulk
May 10, 2007


Over the past three plus years since I began covering the issue of stock market fraud, I’ve watched as the SEC and their media minions have covered for Wall Street by spinning the issue to fit their own agenda, and in response to the growing body of evidence of serious problems in our financial markets. Sometimes it’s hard to know which excuse is the Official Party Line for the month, which, as you can imagine, causes some confusion amongst the troops whose job it is to twist the truth to fit the crime. So, just for the fun of it, I’ve put together this handy numbered list of Official Party Lines, along with the time periods when they first gained popularity. Obviously, this list isn’t all-inclusive, so feel free to add your own favs to the bottom.


1. Naked short selling doesn't exist, and anyone who says it does is a tin-foil hat conspiracy nut (from the beginning of recorded time up until around mid-2004)


2. Naked short selling exists, but it’s not pervasive enough to be a problem. Besides, most of those companies suck, and they deserve it anyway. (mid-2004 until the end of 2004)




To read the rest of this commentary, go to:
http://www.faulkingtruth.com/Articles/Investing101/1076.html