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Re: dmbao post# 125520

Sunday, 10/28/2012 6:29:49 PM

Sunday, October 28, 2012 6:29:49 PM

Post# of 165875
What is much less credible is to ASSUME that what happened at OSTK was a random event to the extent of it being a FLUKE... rather than more broadly representative as the tip of the iceburg ? And, the court documents PROVE it was not that... it was not just some random collection of over zealous traders who managed to have gotten themselves caught while screwing around with it... as an singularly isolated event ?

As a practical matter, proof of corruption that exists... should not be met with that sort of an expectation... that those who were caught must be good guys in everything else they do... ?

Even ignoring all the other proven instances, why would they go to all the trouble of manipulating the rules to enable hiding it, and then proceed to screwing around with committing the crime... in only ONE stock ? LOL!!

Alan C rightly points out that the practice of fraud they've engaged in follows PATTERNS... and, that those patterns are consistent across asset classes and markets... because it's the same guys doing the same things, everywhere. It's not like the "financial crisis" we've had imposed on us, didn't have a cause... or that the cause was that the banks committed fraud in screwing over that one guy in Passaic on his mortgage...

Moyers had an excellent interview with Neal Barofsky recently.

http://billmoyers.com/content/neal-barofskys-disappointment-with-vikram-pandit-and-president-obama/

Better to find the interview, and watch that, than to just look at the "additional" stuff on the web...

If you're still confused after checking that out, you should scour the web trying to find all the media appearances Sandy Weil has made since late 2008... and try to explain why it is that the guys who purposefully induced and CREATED the mess we have now... aren't in the least bit confused, now, about that being a massive blunder... Some few of us were saying it was that, while predicting the inevitable result of the choices being made, even as far back as the mid 1980's... when Phil Graham rolled over, and had R's in the Senate join the D's on the banks payroll, to enable repeal of Glass Steagal.

The frauds practiced now were predictable... from that moment... which is why I called it wrong, and likely to lead to the destruction of the economy and the country, BEFORE they did it...

The only guy in the Senate without his hand out, and his head up his rear... was Byron Dorgan from North Dakota... who knew enough of economic history to know that "the rules matter"... and that returning to the rules that governed the economy prior to 1929... would return us to the type of economy we had prior to 1929... in a matter of a few decades. And, here we are... having killed the free market miracle that dominated the last half of the prior century, and having returned to the policy of mercantilism and the era of robber barons... with the U.S. being part of the problem, rather than the only source of hope for a solution, as was true in the prior century.

So, why should anyone feign surprise... at the natural result... now that is it unavoidably apparent as a fact ?

SRSR does not exist in isolation... from those factors dominating the larger markets...

SRSR... also can't be expected to do anything about all of those issues... other than to manage THEIR OWN INTEREST as best they can, given an proper awareness of reality.

And, that's what I see happening, here...

SRSR management appear to be properly aware, and have a properly planned approach to advancing their interest, and ours, IN SPITE OF those concerns...

And, that's a big part of why I'm here... because I do recognize it when I see it...




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