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loanranger

07/21/11 3:30 PM

#13361 RE: cyberbullymouse #13346

"I'm for ruining these guys financially, forever. And go after their families and other insiders. Send them to Federal Tennis Camp and let them scam each other to death."

The laws are in place to do that. Creating new laws, or changing the way institutions operate, to address problems that existing laws and processes would correct if they were properly enforced and implemented, has never been a good idea. In fact, it could be said that that is what got us here.
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mercurialmike

07/21/11 6:12 PM

#13368 RE: cyberbullymouse #13346

lol, let's nuke 'em, and hire a bunch of cyber bully's as well to deal with the remnants. your getting person marked now for this aggressive tone. thanks everyone.
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underdog150

07/21/11 7:02 PM

#13374 RE: cyberbullymouse #13346

And of course the GOP wants to cut the SEC's budget just as they are finally getting their act together since Dodd Frank was implemented.
http://www.nytimes.com/2011/07/16/business/budget-cuts-to-sec-reduce-its-effectiveness.html?pagewanted=all

http://newsandinsight.thomsonreuters.com/Securities/News/2010/10_-_October/The_SEC_s_powerful_new_enforcement_tool/

The pink sheets remain unchallenged because the ones with money control every facet of the stock market. The idiots that invest in these stocks are left with no recourse because they are ill informed, and are not part of the elite class that makes money ripping them off. I suspect the funds spent on campaign contributions by those that run these scams is a blip on the screen compared to what these scammers make in a single month.
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Some very good points, but it still amounts to turning a blind eye toward rampant theft. Force the crooks back to the underground, rather than allowing them a public forum for operating the same old boring scam. Non-reporting shells add nothing to innovation or the economy. They're just vehicles for fraud.

Personally, I'd rather have the marks at least partially funding infrastructure (lottery route).

As for SEC ramping up, simply give them the teeth to go after stolen funds to help fund their efforts. As it is, you keep seeing the same fatso's resurfacing over and over after being busted because, even after fines and legal fees, they still GOT RICH. They get a slap on the wrist, lay low for a bit, then train a proxy to do their work and pull the strings from behind the curtain.

I'm for ruining these guys financially, forever. And go after their families and other insiders. Send them to Federal Tennis Camp and let them scam each other to death.

Force these guys offshore (meaning they can't live or operate in the good ole USA) and clamp down on the reverse-mergers.

(or we could just wall off Henderson, NV and nuke FL)