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Realityhurts

11/10/10 1:36 PM

#5067 RE: SRV-90 #5065

The SEC has been creating uncertainty across the board in all major markets this year. IMO, while I understand their mandate, they are overreaching it and, sooner or later, they may be forced to back off a bit. Political winds are on their side at the moment, will it continue to blow their way, I doubt it.


The crazy thing of all, the biggest ponzi scheme(p&d also if you consider Fed manipulation in the tbill market) in the world, is currently the U.S. Government itself. Lol, it's a funny irony if you think about it. Diluting dollars, excessive borrowing, pulling from trust fund money being paid in to fund liabilities that cannot be afforded, it all, is one heck of a ponzi scheme. Lol, it's all rather funny.


I understand the Gelmon situation, I just don't understand why the SEC suddenly has authority to suspend trading in stocks on the OTC where it's widely accepted that many if not most, are not current because they're too small to keep up with all of the regulatory requirements. That's why they trade OTC in the first place. I just don't understand, has something changed as of recently, where did this broad heavyhanded power suddenly come from that gives the SEC the right to suspend trading on the OTC for not being current? Have they had this ability all along and just didn't exercise it til as of late? It seems strange.