NO QUARTER FOR CORRUPTION (Focussing on The Fed./FRBS)

[RedneckInvestor]

For those new to the subject of NSS, here's todays blog...

12/6/05
Transcript of the NASAA Conference on Naked Short Selling now available here.** Of partciular note are Pg. 11, comments from Dr. Finnerty on downward price manipulation, Page 13, Finnerty on secrecy regarding fails data, Pg. 15, Dr. Shapiro's comments, Pg. 18. Peter C. on companies on the list for a year, Pg. 19, Dr. Trimbath on mechanics of legal shorting, Pg. 21, Finnerty on ECN abuse, Pg. 23, Finnerty on metaphors for Naked Short Selling, Pg. 26, Trimbath on failure to clearly mark shares not lendable at DTC, Page 42, Shapiro and Angel on transparency, Pg. 45, Trimbath on loss of voting rights...

...and on and on. Page after page of a description of how the system abuses investors and violates the public trust. Absolutely incredible - and the best Carol could come up with was that the SEC says it isn't a problem. I wonder if she even listened to the 2 hour audio? She wasn't in attendance, so who knows, but I fail to see how she could have listened to any of it and written what she did. Shocking.

** http://www.ncans.net/news.htm