Blackout Media Corp (BKMP)

[sojourner]

This is the NUB of the thing. For years, I have heard this defense of naked short counterfeiting from people I know in the securities arena. Its similar to the story of the fellow who told the judge he only robbed people whom he suspected of cheating on their taxes. That lame argument is nothing but a convenient rationalization of robbery. If you listen carefully, you can hear the same self-serving argument in posts of those who minimize or dismiss the reality of naked short counterfeiting.


Re: "In an article published by author James Cummins, former 15 year former SEC Enforcement Attorney Brent Baker was quoted “For years the SEC was unable to control the infamous ‘pump-and-dump’ schemes of stock market criminals across the country, and actually developed a culture that believed that illegal naked short selling may be a counterbalancing force to the pump-and-dump.”