And like you mine mind set is just as strong and I strongly agree about your statement: the reason this diabolical WTC plot succeeded was due to the failures in our system and we both know previous Presidential Admins have contributed to the failures within our system.
As far as smart I think they have showed they may not be too smart but they are resourceful. I think also that they would not have hit the WTC in the places they did just accidentially.
The USA finanical markets is where I believe the terrorist are hitting also ... did you know that the cost of shorting the American market is miniscule in comparison to the USA shorting overseas markets.
Heck offshore naked shorts. They do not have to comoply with the uptick rule, make any disclosure what so ever becuase the trade is a sell, and by the time the trade has gone through 5-6 USA broker dealers the trade is laundried.
However, the cost to short overseas for Americans is expensive but naked shorting here is cheap. Take a large and liquid U.S. stock such as ATT may command a fee of about 10-20 basis points of the value, while a foreign equity may cost 300 or more basis points. See what I mean.
Further, offshore countries can impose dividend withholding taxes, since in those countries the shorts may be responsible for the gross dividend instead of the net dividend. Here I do not believe nor can I confirm this is the case.
What is sad is just as the USA security systems are weak so is our markets. Short Selling ashould be looked at for checks & Balances, Full discloure since everything else has to be disclosed, and the owner should be the lender not the broker.
The flaw in the system is the money to short the stock goes to the Broker NOT the shorter nor the rightful owner. It is not right the that the people who put up the money to buy the property being leverage for the short not to be justly compensated. But naked shorting is another situation.
Anyway ... I am glad you made it back safe with tan in tow. Good to hear from you also. :-)
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