Commencing A Distributed Effort To Outsource The SEC's Information Gathering And Processing Operations

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Wed, 06/16/2010 - 16:53 | 418002 Madcow
Madcow's picture

This is a Pulitzer Prize in the making. 

I look forward to watching 20 years of class action lawsuits against the banks, the financial intermediaries, ratings agencies and regulators.


Wed, 06/16/2010 - 19:01 | 418224 Shameful
Shameful's picture

Judges like criminals are a cowardly and superstitious lot (H/T to Batman).  What makes you think that with our legal system that anyone will find justice?  Sure they might have to pay out a few shillings and a few junior lackeys get put away to get some headlines, but the big boys are not going to jail or having their fortunes taken by a system they bought and paid for.


Wed, 06/16/2010 - 20:26 | 418386 Roy Bush
Roy Bush's picture

What kind of culture breeds this kind of behaviour?  The Chutzpah is just incredible.

Wed, 06/16/2010 - 16:59 | 418012 AssFire
AssFire's picture

This burns my ass. When will they blow up the whole convulted mess. So sick of everyone gaming the system as though it costs nothing to the honest working people.

Wed, 06/16/2010 - 19:09 | 418242 No More Bubbles
No More Bubbles's picture

No shit man.  I really can't understand how this whole fucking joke of a system manages to hold itself together. 

Wed, 06/16/2010 - 16:59 | 418014 ghostfaceinvestah
ghostfaceinvestah's picture

This is great research, but did any of you read David Einhorn's book?

The SEC just doesn't give a fuck about securities fraud.

Wed, 06/16/2010 - 17:11 | 418040 buzzsaw99
buzzsaw99's picture

The SEC just doesn't give a fuck about securities fraud.


The SEC just doesn't give a fuck about large scale securities fraud operations.


Fixed it.

Wed, 06/16/2010 - 17:02 | 418018 chinaguy
chinaguy's picture

or by filing in Karen Singer’s name alone have the Singers remained under the radar?

More a question, I think, of giving the SEC an excuse not to pursue the matter, rather than not noticing.

Wed, 06/16/2010 - 18:02 | 418130 Mactheknife
Mactheknife's picture

>4. Is the SEC fully aware of the Singer family’s investment activities, or

You're joking, right??   No, seriously you're joking, right?  Not sure the SEC is "fully aware" of where New York city is.

Wed, 06/16/2010 - 18:48 | 418202 A Nanny Moose
A Nanny Moose's picture

But they have bookmarks to all the goood p0rn sites. They are probably "investigating" why they made all the money in the .B0mb bubble, when everyone else busted.

Wed, 06/16/2010 - 17:08 | 418023 mynhair
mynhair's picture

I wonder who they vote for...not.

Next on deck:  Johny Terzakis, batting for Chicago.


Wed, 06/16/2010 - 17:08 | 418033 Clayton Bigsby
Clayton Bigsby's picture

her track record sounds about as good as Hillary C's....

Wed, 06/16/2010 - 17:08 | 418034 Sweetbread
Sweetbread's picture

She is simply the best fundamental telecoms analyst out there, and all ya'll are jealous.

[Sarcasm Off] Wow! Just wow……


Wed, 06/16/2010 - 17:19 | 418059 Gully Foyle
Gully Foyle's picture


"Wow! Just wow" Alistair is that you?

Wed, 06/16/2010 - 17:09 | 418035 Clycntct
Clycntct's picture

I'm wondering by the appearance of it all that they probably had signed on to Bernie Madoffs double down advanced course.

Wed, 06/16/2010 - 17:11 | 418041 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

So should we assume that the existence of this post moves the ETA for Internet shutdown up by at least a few minutes?

Nice work.

Wed, 06/16/2010 - 17:33 | 418085 Slash
Slash's picture

unfortunately, probably. can't have the sheeple doing their own HW....


so I'm just the larget sucker in the world for believing that lying, cheating, and fraud are wrong right?

It's the american way :(

Wed, 06/16/2010 - 17:15 | 418046 buzzsaw99
buzzsaw99's picture

Can we report all the bloggers who claim to daytrade and make enormous positive returns year after year but who probably don't?


edit: probably don't trade &/or don't profit from it if they do.

Wed, 06/16/2010 - 17:13 | 418047 Let them all fail
Let them all fail's picture

Let me translate into SEC-speak: After you are done surfing porn go onto your brokerage account and buy PMUG.OB!!! 

Wed, 06/16/2010 - 17:16 | 418048 buzzsaw99
buzzsaw99's picture

Because I have a lengthy list of suspects.

Wed, 06/16/2010 - 18:54 | 418213 nmewn
nmewn's picture


Wed, 06/16/2010 - 17:34 | 418055 -Michelle-
-Michelle-'s picture

Hey, hey, hey!  Karen Singer of Cresskill, NJ is a homemaker who likes to contribute to Chuck Schumer.

Wed, 06/16/2010 - 18:01 | 418128 Rusty_Shackleford
Rusty_Shackleford's picture

Nice finds.

Gotta love it.


Complete and utter lawlessness on all levels.

Wed, 06/16/2010 - 17:18 | 418057 Chippewa Partners
Chippewa Partners's picture

Tyler, Marla and all of you.......thank you for providing this forum.

You do what the SEC hasn't a clue of......working to expose the scum and scams everywhere. 

Wed, 06/16/2010 - 17:22 | 418064 Gully Foyle
Gully Foyle's picture

Chippewa Partners

"You do what the SEC hasn't a clue of......working to expose the scum and scams everywhere."


Show me the perp walks? Show me the Orange jump suits?

Knowing something means nothing unless actions are taken.

And that is the real problem. Everyone knows but is powerless to act.

Wed, 06/16/2010 - 18:51 | 418203 Rainman
Rainman's picture

I would like to participate in this information gathering. However, all my info involves crooked politicians, pension fund placement agents, plumbers, bank fraudsters, auto dealers, developers, stockbrokers, card cheats and sports bookies.

SEC cover any of dat ??

Any reward ?? 

Wed, 06/16/2010 - 21:40 | 418473 calltoaccount
calltoaccount's picture

It's not about clues.  It's about cash.

Wed, 06/16/2010 - 17:24 | 418067 SDRII
SDRII's picture

More interesting is the coming Euro bank Fraud/Stress test which was pushed by none other than Turbo Tim on his recent visit. ECB's Italian Viceroy Lorenzo Bini Smaghi assures us that the individual banks results will show that there is marginal peripheral need to raise capital around the fringe.

Fool me once shame on you, fool me twice shame on me...Time will tell if the latest act of the kabuki theater will show itself to have the same diminishing return as dollar purchasing power

Wed, 06/16/2010 - 17:59 | 418124 Mitchman
Mitchman's picture

And now, on the "you can't make this up" front, SPAIN is actually calling for the release of the test results because it is calling out the German banks!

Wed, 06/16/2010 - 19:03 | 418229 Rainman
Rainman's picture

..beautiful. Now Spain is implementing the " we'll prove we ain't broker than you " scheme.

Nothing is more worldclass amusing than the weenie measurement trick as the castles fall.

Wed, 06/16/2010 - 20:45 | 418411 AccreditedEYE
AccreditedEYE's picture

+100 LOL!!

Wed, 06/16/2010 - 19:08 | 418239 Clayton Bigsby
Clayton Bigsby's picture

fucking wow - Spain is all in with 2-7 off-suit and jack fucking shit on the board - remember, don't look at the first flash and hide behind something heavy for the shockwave

Wed, 06/16/2010 - 17:32 | 418083 Muir
Muir's picture

Just relax everyone!

You peons should just be greatful and eat the f*cking cake already!

BP: "We care about the small people." [said twice towards the end of the tape]

Wed, 06/16/2010 - 19:03 | 418230 nmewn
nmewn's picture

Yeah I heard that...incredible...he's actually sittin around thinking money can buy off anyone...he's never met little ole me.

This is the kinda guy I'd love to run across as a survivor after his private jet crashed ;-)

Wed, 06/16/2010 - 19:19 | 418263 Muir
Muir's picture

We think feel/act the same.

Wed, 06/16/2010 - 21:04 | 418431 nmewn
nmewn's picture

I believe there are many more than just us fact I would say a large majority, who ask nothing from no one and expect to be left alone...when we are not left alone we get...agitated.





Wed, 06/16/2010 - 17:42 | 418094 Clycntct
Clycntct's picture

Looks like Bernies double down course was good for cooking. Seems one of the top ingredients was $Grease$.

SINGER, BRAD C, (Zip code: 07626) $1000 to HOLLINGS FOR SENATE on 11/05/03
SINGER, KAREN SUE, (Zip code: 07626) $1000 to HOLLINGS FOR SENATE on 11/05/03

Singer, Brad, (Zip code: 07626) $2500 to NATIONAL LEADERSHIP PAC on 08/20/04

Senate - NJ
primary 04/20/08
Senate - NJ
primary 10/28/07
Senate - NJ
general 10/28/0SINGER, SUSAN
Senate - NJ
general 09/17/08
Senate - NJ
general 04/20/08

Senate - NY
primary 11/30/09
Senate - NY
general 11/30/09

Wed, 06/16/2010 - 17:50 | 418108 Eally Ucked
Eally Ucked's picture

Do we have anybody else as canditate or donor not beeing jewish? Even our new expert for oil spill is the same guy who regulates bankers pay, he must be really talented guy don't you think so? 

Wed, 06/16/2010 - 18:12 | 418146 buzzsaw99
buzzsaw99's picture

It's not a conspiracy, they just have a nose for money.

Wed, 06/16/2010 - 17:48 | 418105 Ted K
Ted K's picture


Beings that FINRA, (the self-regulating organization of securities dealers) hasn't caught any more acts of securities fraud than the SEC, are we to assume FINRA workers also spend large amounts of time reading porn, or just assume that it is a joke organization with an incestuous relationship with the Investment services and brokerage industry??????

Wed, 06/16/2010 - 18:07 | 418141 Rusty_Shackleford
Rusty_Shackleford's picture

I'm pretty sure it's the second thing.


(In addition to being incestuous, it also has a fetish for ass-play, water sports, and pregnant Asian chicks.)

Wed, 06/16/2010 - 18:13 | 418147 StarvingLion
StarvingLion's picture

This makes me so angry that I'm going to go to a ballgame tonight.  And when I get back I'm going to come back to ZH and demand the restoration of the gold standard. 

Wed, 06/16/2010 - 18:18 | 418153 Cheeky Bastard
Cheeky Bastard's picture

OT, but IMHO, main page post-worthy

* Greece's central bank is preparing to conduct a series of tough stress tests on all Greek banks in order to distinguish the ones that are financially stable from the ones that are not. The banks that fail the test and cannot raise the required capital will be automatically put under the supervision of the Financial Stability Fund (FSF), an entity that is to be formed expressly for that purpose. [12:48 ET]

Wed, 06/16/2010 - 18:26 | 418167 Rick64
Rick64's picture

Thank God. This eases my mind. LOL

Wed, 06/16/2010 - 18:39 | 418189 lizzy36
lizzy36's picture

CB, and then what? 

Under the supervision of an entity designed to maintain the status quo?

I am going to assume that there is not one Greek bank  that is financially stable (cannot survive w/o the ECB) until it is proved otherwise.

See no need for completely irrelevant "who gives  a flying fuck" stability whatchumacallit.

Wed, 06/16/2010 - 18:53 | 418212 Cheeky Bastard
Cheeky Bastard's picture

OK OK you humorless fucks; this was meant to serve more as the topic of an Onion-esque post than a real story. JFC. 


Still love ya babe.

Wed, 06/16/2010 - 18:48 | 418200 Tyler Durden
Tyler Durden's picture

Timmy G's pitch to Europe's most insolvent banks to get the stamp of approval of their governments that they are, actually, very much solvent, must have been amusing. We refuse to dignify this farce as news.

Wed, 06/16/2010 - 18:51 | 418207 Cheeky Bastard
Cheeky Bastard's picture

Sarcasm; not real news; something along the line of "500 000 new jobs added" kind of "news".

Wed, 06/16/2010 - 19:24 | 418276 nmewn
nmewn's picture

Saved or created sounds even better...tastes great, less filling.

My sarcasm button broke fifteen months ago ;-)

Wed, 06/16/2010 - 18:19 | 418155 Sancho Ponzi
Sancho Ponzi's picture

Steven G Singer, 49, is now the CEO of American Banknote. From their website:

'As the #1 plastic card manufacturer in the world, we offer customized secure and non-secure card solutions that fit your specific needs. We're Visa, MasterCard, American Express, Discover, and Diner's Club certified, and an approved ID supplier for governments across North and South America, Oceania, North and Central Africa, and the Middle East.'

Is this the kind of person you want manufacturing your AMEX Black card?

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