Replies to post #23921 on AbitibiBowater, Inc. (fka ABWTQ)

[Pitt77]

What it is. The MM or Shortsnaked have until 23 to cover themselves, and the company will negotiate with its old shareholders.

My conclusion on the facts. The judge can not make a decision on FRAUDULENT TRADING on ABWTQ which is on a RED LIST of the SEC for that fact. Thus, they are under MONITORS (naked shorts). What are monitors? They cover to create some legacy! If not, make an affirmative decision on illegality of such trading would be a nonsense. Must be INVESTIGATED by the authorities concerned in this case.

[emailjanum]

Good article

In a notice recently released by the CFTC, Painter said Judge Bruce Levine, his longtime colleague, had a secret agreement with a former Republican chairwoman of the agency to stand in the way of investors filing complaints with the agency.

"On Judge Levine's first week on the job, nearly twenty years ago, he came into my office and stated that he had promised Wendy Gramm, then Chairwoman of the Commission, that we would never rule in a complainant's favor," Painter wrote. "A review of his rulings will confirm that he fulfilled his vow," Painter wrote.