Wednesday, February 17, 2010 12:49:29 PM
Thank you Janice!!! Exactly correct kinda makes you think!
No NSS has been proved ever in Public but off the record there are many instances that are simply made to go away.
If they can't be made to go away then people are paid off.
Here are just a few examples;
Did you know that you can do what the banks are doing to you?
Lets say you ask a friend to give you a cheque for $10,000,000
This budy of yours has no money in their account.
The way the banks work is they will give you the amount if its a small amount but they can come back to you even six years down the road. Because the banks have laws that protect them so they are never at a disadvantage. On the other hand if your budy has given you that cheque for $10Million and you don't go to your bank but instead go to Money Mart that cheque is binding.
Which means they don't need to check simply transfer the money to your account and they don't care.
So neither does Money Mart care, neither does the bank because they will simply go after the person who issue the cheque.
So you see this in a way is all virtual no one cares, no one takes responsibility and you could in fact dissapear with the money already and be enjoying a long vacation somewhere with your fake passport.
What I'm saying is that its no wonder America is going under since no one cares!!! No one takes responsibility.
Even your own lawyer that assists you in buying a house has insurance protection in case something does go wrong!
We have the same problem with the way the money exists in our bank accounts. Do you really think we could all get our money out of all our bank accounts ??? Its all virtual.
We have the same problem when it comes to the stock market!
No one cares till shit happens! Its about to happen!!!
Its interesting how the CMKX shareholders were refused all the transactions that took place who were being tracked by the DTCC!
1. In 2007, WayPoint Biomedical sued DTCC for DTCC’s refusal to comply with a subpoena request for documents that Waypoint needed to track trades in the company’s shares.
2. Rolling Stone magazine featured naked shorting in an article, “Wall Street’s Naked Swindle” by Matt Taibbi, in October 2009. In the article, it was reported that an unknown investor had shorted $1.7 million worth of Bear Stearns stock through a variety of options. For the item to make a profit, Bear Stearns would have had to have lost half its value or more in less than nine days. When Bear Stearns collapsed, the options were worth $270 million, or 159 times its previous value.
3. Due to growing concern in 2008 about the effect of naked short selling on faltering companies, the SEC issued a temporary order restricting short-selling of the shares of 19 financial firms deemed important. Shortly following the failure of Lehman Brothers in September of 2008, the largest bankruptcy in U.S. history, the SEC expanded the temporary rules to remove exceptions and to cover all companies.
4. The DTCC (parent), NSCC (does the clearing), and DTC (keeps track of what clearing brokerages own the shares) are three different companies. For example, the NSCC could have huge fails and it would be accurate for them to say the DTC has no fails.
They don’t lend shares. They lend entitlements. You are not a shareholder. You are a holder of entitlements with a long position.
Those clearing brokerages play hanky panky with swaps, repos, etc. to create entitlements out of thin air and further down the chain, secondary clearing brokerages and even your own brokerage don’t bother owning enough entitlements to back what their own shareholders think they own.
The whole thing is a ponsy scheme, so they need to lie through technicality and hope you come to the wrong conclusion based on what they say which is technically accurate.
The privately owned NYSE set up the “Stock Clearing Corporation” which as far as I can tell became known as Cede & Co. Cede could mean “cede: to give up ownership” or CEntral DEpository.
They only do the bookkeeping for Cede & Co. which is the ACTUAL REGISTERED OWNER on the company’s shareholder list. Only Cede & Co. has the right to vote those shares or receive dividends as they are the only REAL shareholder.
Instead, no one audits how they vote their shares (they control the board of directors of every corporation as there is no law they have to vote the way entitlement holders direct them to vote as they are the REAL shareholder) and no one stops them from pledging these shares as collateral for various ponsy schemes.
Somehow Goldman is able to manipulate an outside order by placing an insider order before it hits the DTCC.
If they can do it going in, they mist be able to do it going back to the client. In essence double dipping on trades.
And if there software is doing this type of trading , wouldn’t that be defined as “Insider trading”. After all, they have insider knowledge of a trade at a certain price and manipulate the trade by trading the same order.
I really don’t like this system, and i dislike the fact that politicians are quickly dismissive of expert witnesses.
Since the trades are being manipulated ( handled ) once a seller/buyer initiates an order, the software knows/broker knows what the price is. If it is manipulated , doesn’t that constitute insider trading at its basic level.
I understand many people put “market orders" and give the brokerage the direction to get whatever price it can, doesn’t that imply, the BEST price.
With what i’ve read about Goldman’s software, it seems they didn’t get the best price for the client, the software assured Goldman a slice of the trade by inserting a trade between the original buyer and seller…all dome at millisecond speeds and very small percentage natch, but still preformed with knowledge and certainly not at the best price for the investor.
kinda like getting a real estate agent to put an offer on a house, he buys it ( without registering the buy ) then sells it to you. i don’t think this is allowed.
I don’t think the “software buy” registers anywhere let alone on level 2 trading!!!!!!!!!!
Anything that appears to lead to an investigation that may prove NSS is simply made to go away by paying people off with no questions asked and "NO Competition"!
We are about to get a taste of how corruption has brought about another great depression! The current job loss is just the beginning.
http://www1.voanews.com/english/news/Steady-Improvement-in-US-Job-Loss-Picture-80923192.html
Don't you love the wording... just 434,000 American workers filed for unemployment benefits last week
That a Half a Million people without jobs in a single week!
No NSS has been proved ever in Public but off the record there are many instances that are simply made to go away.
If they can't be made to go away then people are paid off.
Here are just a few examples;
Did you know that you can do what the banks are doing to you?
Lets say you ask a friend to give you a cheque for $10,000,000
This budy of yours has no money in their account.
The way the banks work is they will give you the amount if its a small amount but they can come back to you even six years down the road. Because the banks have laws that protect them so they are never at a disadvantage. On the other hand if your budy has given you that cheque for $10Million and you don't go to your bank but instead go to Money Mart that cheque is binding.
Which means they don't need to check simply transfer the money to your account and they don't care.
So neither does Money Mart care, neither does the bank because they will simply go after the person who issue the cheque.
So you see this in a way is all virtual no one cares, no one takes responsibility and you could in fact dissapear with the money already and be enjoying a long vacation somewhere with your fake passport.
What I'm saying is that its no wonder America is going under since no one cares!!! No one takes responsibility.
Even your own lawyer that assists you in buying a house has insurance protection in case something does go wrong!
We have the same problem with the way the money exists in our bank accounts. Do you really think we could all get our money out of all our bank accounts ??? Its all virtual.
We have the same problem when it comes to the stock market!
No one cares till shit happens! Its about to happen!!!
Its interesting how the CMKX shareholders were refused all the transactions that took place who were being tracked by the DTCC!
1. In 2007, WayPoint Biomedical sued DTCC for DTCC’s refusal to comply with a subpoena request for documents that Waypoint needed to track trades in the company’s shares.
2. Rolling Stone magazine featured naked shorting in an article, “Wall Street’s Naked Swindle” by Matt Taibbi, in October 2009. In the article, it was reported that an unknown investor had shorted $1.7 million worth of Bear Stearns stock through a variety of options. For the item to make a profit, Bear Stearns would have had to have lost half its value or more in less than nine days. When Bear Stearns collapsed, the options were worth $270 million, or 159 times its previous value.
3. Due to growing concern in 2008 about the effect of naked short selling on faltering companies, the SEC issued a temporary order restricting short-selling of the shares of 19 financial firms deemed important. Shortly following the failure of Lehman Brothers in September of 2008, the largest bankruptcy in U.S. history, the SEC expanded the temporary rules to remove exceptions and to cover all companies.
4. The DTCC (parent), NSCC (does the clearing), and DTC (keeps track of what clearing brokerages own the shares) are three different companies. For example, the NSCC could have huge fails and it would be accurate for them to say the DTC has no fails.
They don’t lend shares. They lend entitlements. You are not a shareholder. You are a holder of entitlements with a long position.
Those clearing brokerages play hanky panky with swaps, repos, etc. to create entitlements out of thin air and further down the chain, secondary clearing brokerages and even your own brokerage don’t bother owning enough entitlements to back what their own shareholders think they own.
The whole thing is a ponsy scheme, so they need to lie through technicality and hope you come to the wrong conclusion based on what they say which is technically accurate.
The privately owned NYSE set up the “Stock Clearing Corporation” which as far as I can tell became known as Cede & Co. Cede could mean “cede: to give up ownership” or CEntral DEpository.
They only do the bookkeeping for Cede & Co. which is the ACTUAL REGISTERED OWNER on the company’s shareholder list. Only Cede & Co. has the right to vote those shares or receive dividends as they are the only REAL shareholder.
Instead, no one audits how they vote their shares (they control the board of directors of every corporation as there is no law they have to vote the way entitlement holders direct them to vote as they are the REAL shareholder) and no one stops them from pledging these shares as collateral for various ponsy schemes.
Somehow Goldman is able to manipulate an outside order by placing an insider order before it hits the DTCC.
If they can do it going in, they mist be able to do it going back to the client. In essence double dipping on trades.
And if there software is doing this type of trading , wouldn’t that be defined as “Insider trading”. After all, they have insider knowledge of a trade at a certain price and manipulate the trade by trading the same order.
I really don’t like this system, and i dislike the fact that politicians are quickly dismissive of expert witnesses.
Since the trades are being manipulated ( handled ) once a seller/buyer initiates an order, the software knows/broker knows what the price is. If it is manipulated , doesn’t that constitute insider trading at its basic level.
I understand many people put “market orders" and give the brokerage the direction to get whatever price it can, doesn’t that imply, the BEST price.
With what i’ve read about Goldman’s software, it seems they didn’t get the best price for the client, the software assured Goldman a slice of the trade by inserting a trade between the original buyer and seller…all dome at millisecond speeds and very small percentage natch, but still preformed with knowledge and certainly not at the best price for the investor.
kinda like getting a real estate agent to put an offer on a house, he buys it ( without registering the buy ) then sells it to you. i don’t think this is allowed.
I don’t think the “software buy” registers anywhere let alone on level 2 trading!!!!!!!!!!
Anything that appears to lead to an investigation that may prove NSS is simply made to go away by paying people off with no questions asked and "NO Competition"!
We are about to get a taste of how corruption has brought about another great depression! The current job loss is just the beginning.
http://www1.voanews.com/english/news/Steady-Improvement-in-US-Job-Loss-Picture-80923192.html
Don't you love the wording... just 434,000 American workers filed for unemployment benefits last week
That a Half a Million people without jobs in a single week!
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