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Mary Schapiro Must Immediately Investigate The FDIC's Confidential Information Leak In Another Blatant Insider Trading Case, Then Resign
The degree of insider trading in this market is getting ridiculous. And the strangest thing is those who are executing on blatantly obvious material, non-public insider information, are no longer concerned the least bit about getting caught as they realize that the "mighty" SEC will do nothing against them, courtesy of the example the SEC has set by finding absolutely nobody "responsible" (except, of course, the regulator's own future employers who thus get immunity from prosecution) for the greatest market heist in history in which over $5 trillion has been transferred from the middle class to the Wall Street oligarchy (future providers of paychecks for SEC staffers).
Today's grotesque example of the SEC's futility to act as even a modest deterrent to insider trading activity: New York Community Bancorp (which, just so happens, is a $602 million recipient of TLGP debt), whose stock surged in the final minutes of trading for reasons (then) unknown. As reader QevolveQ pointed out at 5:30 pm, the activity in both the stock and the calls of the company was many standard deviations away from average and raised major red flags. Those questions were quickly put to rest when it became known at 6:33 pm that NYB would in fact receive FDIC subsidies to acquire newly failed AmTrust Bank in a transaction that would be "immediately accretive to earnings." And how wouldn't it be:
Under the terms of the agreement, the Community Bank did not acquire any
of AmTrust Bank’s non-performing loans serviced by AmTrust Bank or any
other real estate owned; construction, land, or development loans;
private-label securities, or mortgage servicing rights, nor did it
acquire any of the assets or assume any of the obligations of the
holding company.
No, those would conveniently be funded by Ms. Bair herself. The cost to the FDIC, and US taxpayers, to make NYB a richer enterprise: $2 billion. This is value that will go straight to the bank's bottom line. As a result of this middle-class subsidy it was a certainty that its shares would spike.
The smoking gun here comes straight from a quick observation of NYB's intraday P/V chart: the jump at 3:24pm on statistically significant volume is a clear signal that someone was fully aware of the soon to be announced transaction:
Furthermore, as QeQ highlights, "8,933 of the Dec 12 calls traded vs. 2,244 OI, finishing +300% on the day." A very solid return for a few hours of trading. The block trades are visible below: one set of 2,500 Dec $12 calls bought at $0.20, followed promptly by two more 2,500 blocks around $0.25. With the stock poised to open much higher than its closing price, someone is sure to make a killing.
It is practically certain that the NYB stock and option transactions came courtesy of a insider tip. And as NYB is both a ward of the state, courtesy of its TLGP umbilical cord, and as the bank would soon become $2 billion richer as a result of some more middle class-to-Wall Street fund flows, it is very likely that the FDIC itself is the source of such leak. We truly hope that one of D.C.'s most ineffective and useless females (if grossly, grossly overpaid for her "work" in 2008) will analyze whether the agency headed by another such female has been responsible for yet more illegal insider trading activity. That the government is only capable of promoting unpunished criminal activity would not surprise anyone at this point. And as this will be one of those cases when everything is handed to the SEC on a silver platter, we don't doubt that some minor scapegoat will be put away to make it seem like the most worthless organization in the world earns its $1 billion annual budget fair and square. What is chilling is the complete disdain that insider traders now flaunt when it comes to fear of retribution by the "regulators." And when Ms. Mary "$3.3 Million" Schapiro is done catching any and all masterminds behind this dastardly deed, we would all be very grateful if she could leave her keys, her chauffeur, and her masseuse as she packs her banker box full of Wall Street indulgences on the way out of public office once and for all - Ms. Schapiro, the public does not want you betraying its trust any longer. Now please go work for Goldman Sachs where your continued betrayal of U.S. interests will be welcome and compensated much better than the meager $3.3 million you made at Finra. The sooner you get into a job that requires efforts more consummate with your diminished capacity, the sooner you can continue counting the $5-$25 million in cash payouts you slurped up from FINRA's defined benefit plans.
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The FBI, who has been almost solely dedicated to war on terrorism for last decade, seems to be doing a way better job of chasing insider trading than SEC, who supposedly is solely dedicate to insider trading. We should put special agent B.J. Kang in charge of SEC. He got Galleon and will get SAC....what is SEC doing...still haven't heard anything about the bear-sterns heist...
It's apparent that our gov't is not only condoning insider trading and fraud, they are perpetrating it. How do we stop this? Are we not above the government? Can we demand Congress not just audit the Fed but to investigate the SEC as well?
Maybe a coordinated bank run would help them understand that taxpaying Americans have had enough?
BTW, Martha Stewart reads Zero Hedge and man is she pissed!
Obama shifts Copenhagen trip as prospects brighten
http://hosted.ap.org/dynamic/stories/O/OBAMA_CLIMATE?SITE=NEYOR&SECTION=...
"It also means that Obama will be squeezing in a separate, 10th foreign trip before Christmas - a record pace of travel for a first-year president - as a means to giving momentum to a deal aimed at combatting global warming."
...travelling all the globe spewing jet fuel emissions into the atmosphere to help combat global warming...this is all rapidly moving beyond farce at this point
Air Farce One-- rapidly exporting US hypocrisy and thievery across the planet.
Cook-booker vs. Book-cookers
Bloomberg has begun its integration of Business Week Magazine, which hosts numerous "corporate" blogs - I guess they canned one blogger but he managed to get a portion of his final post put up before they pulled the plug
Farewell Posted by: Steve Hamm on December 01Today is my last day at BusinessWeek, and I got shut out of the corporate Intranet when I was in the middle of posting the last blog item. Seems fitting. (I got back in via a friend's log-in.) I'm going to continue blogging on my own at Globespotting.net. I hope to see you there.
edit (I guess they canned a bunch of them on Dec 1)
Good-bye to Blogspotting (Moving to TheNumerati.net) Posted by: Stephen Baker on December 01Twenty-three years ago, when I was a general assignment reporter at a soon-to-be defunct paper, the El Paso Herald-Post, I got a fabulous job offer. BusinessWeek asked me to open a bureau in Mexico City. If you had asked me at that juncture what a board of directors was for, or to distinguish between revenue and earnings, I would have been stumped. I had never covered business before (unless you count oil in Venezuela), and I didn't know much about it. But BusinessWeek, I soon learned, was chock full of knowledgeable, friendly and forgiving folks who helped people like me learn on the job.
If they put as much effort into ramping employment as they put into ramping the markets, Obama's approval ratings might not be plummeting.
They'll get around to that.
Get rich first, then hire someone to walk your dog.
Wait -- were you thinking factory jobs or something? Oh you are a funny guy.
Dec. 1 (Bloomberg) -- “I just wrote my first reference for a gun permit,” said a friend, who told me of swearing to the good character of a Goldman Sachs Group Inc. banker who applied to the local police for a permit to buy a pistol. The banker had told this friend of mine that senior Goldman people have loaded up on firearms and are now equipped to defend themselves if there is a populist uprising against the bank
I'll take Billy Ray in Alabama over any executive at Goldman Sachs. There's only one way this will end and it's going to be ugly.
The blatant lying won't stop, it's only going to get worse. These silver-spoon fed boys have no survival instincts, they think their AMEX cards can buy them out of trouble. WallStreet and Washington are the biggest mafia that ever roamed this earth.
TD has become the party pooper. Let us see if they manage to catch the perpetrator in two days like they did with the Iranian guy in the Perot case.....
The SEC has always turned a blind eye to insider trading, especially amongst the elite Wall St pigmen. True, it may be partly due to the sheer ineptitude evident amongst it's staff, who for example were handed the biggest ponzi scheme of all time on a silver platter and could do nothing but give it a stamp of approval as they had no clue what a ponzi was, let alone how to investigate one.
But no what we're really dealing with in most cases is simple immunity from the law for politically connected too big to fail companies. The SEC always employed the strategy of rounding up a few small fry, the author of this blog has direct experience of this, to show the masses that they were doing their job. But I think in truth they've given up even on that.
When the Fed itself is openly and un-apologetically flouting the law, indeed in collusion with the government itself, a few billion sucked up by Goldman or whoever seems a small thing. So the only conclusion I can draw from this is that they no longer care what the masses think, that they've loaded up the lear, have prepared the house in Switzerland and will loot all they can while the going is good hoping to time their exit before Bubba arrives on his doorstep with a 12 gauge and a rope.
The SEC has always turned a blind eye to insider trading, especially amongst the elite Wall St pigmen. True, it may be partly due to the sheer ineptitude evident amongst it's staff, who for example were handed the biggest ponzi scheme of all time on a silver platter and could do nothing but give it a stamp of approval as they had no clue what a ponzi was, let alone how to investigate one.
But no what we're really dealing with in most cases is simple immunity from the law for politically connected too big to fail companies. The SEC always employed the strategy of rounding up a few small fry, the author of this blog has direct experience of this, to show the masses that they were doing their job. But I think in truth they've given up even on that.
When the Fed itself is openly and un-apologetically flouting the law, indeed in collusion with the government itself, a few billion sucked up by Goldman or whoever seems a small thing. So the only conclusion I can draw from this is that they no longer care what the masses think, that they've loaded up the lear, have prepared the house in Switzerland and will loot all they can while the going is good hoping to time their exit before Bubba arrives on his doorstep with a 12 gauge and a rope.
As in every mob, each rung up the ladder is by daily vetting. They issue SEC people microscopes to terrorize the microbes; the macro scene is way-out of focus. When they try to go there they find they go to bed with Cindy but wake up with Broderick, Crawford that is.
CNBComcast endorses Obamacare
http://www.politico.com/static/PPM143_091203_wh_healthcare_letter.html
Well gee Mr. Roberts. I thought the ablity bill people for stuff they didn't order or buy. Constantly overbilling and mistake billing and teaching your customer service to be a wall of indifference and assertiveness to the correctness of the bullshit you all do was the path to your prosperity and sustained growth. Cause it's not like you an google comcast billing mistakes and not get a 10,000 freaking hits that lead to 100,000 freaking disatified customers.
You fucking shit stained piece of underwear.
Looks like B. Roberts and J. Immelt had a little "sit down" before closing their deal.
Excuse me while I go barf. Evidently, Obama playing a role in making sure COMMUNISTcast can take over more and more business.
Dont blame shapiro. She is just another american idiot from the moron capital of the world: harvard.
Of course comcast endorses obama. GE is the largest beneficiary of the bailout; they are bust and bankrupt beyond imagination. (What else would you expect from Jackie Welch?) GE via CNBC is the de facto spokesman for Washington. Hence the stipulation is that CNBC's new owner must maintain the Obama agenda.
You mean Bloomberg is also part of the obama shapiro blankfeinrubin bernhake greenspan blankfein bair, baroksky soros hank grenberg ram emmanuel axelrod summers orszag mort rubinstein sulzberger sam zell mafia? How could anyone guess this? You have to be a real investigator.
Comcast CEO, Brian Roberts, is also a board member of the bank of new york. Coincidence? conflict of interest? As NBC/GE have received 300 billion line of credit from the US Treasury. Is it surprising that they endorse obama?geitner?emmanuel? Roberts is apparently a wonderful man as he is also a board member of the wiessenthal association. Separation of church and state?
So the new york media is now controlled by bloomberg, sulzberger, mort zuckerman , brian roberts(comcast, nbc,etc) jason greene(Observer). Now thats diversity folks. Speech of speech? Reminds of Stalins old gang.....
Sigh, I spent a lot of money and time to pursue the american dream, I believe the time is near to move back to Canada. The rampant lies, deceit and corruption, not to mention the stoic march to socialism is all I can bear. Whatever has become of this once great nation, too many sheeple, not enough time.
Further evidence that the Chicago Mob now rules the world...
Fuck it. Let it burn
Mob rules dollar move
S E C complicity
sad sad sach no shame
Poor Martha Stewart.
She was off by a number of years.
Wouldn't have saved her. They like to burn the little people.
If they don't set you up and jail you they michael jackson your ass or pump you full of drugs like Elvis and then enjoy the extra profit that comes from you being a dead artist. Good thing she is worth more alive than dead.
Interesting analysis on the value of the bank assets w/r/t FDIC loss sharing agreements. (First letter to Jim Sinclair)
http://jsmineset.com/
HHow can they not catch these fools? The problem however is bigger. Ever since 1987, evert time the financial system got into trouble the Fed just lowered interest rates resulting in a transfer of wealth from savers to banks. THen the bank employees pay themselves tons of money. Now that rates are at zero, the final transfer will be the largest.
O Tempora, O Mores.
We need to form a citizens Grand Jury to indite these criminals because our government refuses to do the job we hired them to do.
Citizens Grand Jury - Speech by Gerry Donaldson
http://www.youtube.com/watch?v=4cE0RZo8DcU
American Grand Jury
http://americangrandjury.org/obama-kenya-birth-registration-dr-orly-taitz
There is a long way to go to get the word out about the corruption of Wall Street and the revolving door of their power and dominating control of Washington.
I'm doing my part and taking opportunities to explain whenever I can.
Shapiro is just another stooge. A degradation of regulation started way before NoObama. You can thank McCain,Barney Frank,Dodd,Clinton,Bushes,Reagan,Greenscum and der Rubinski. It will take years to rebuild the braintrust and competence. People in charge now are flat out mediocre
The stooge could suffer some consequences so that other potential stooges would think twice about stooging about the joint!!
While I am in complete agreement regarding the insider trading accusation(s), I think the phrase "TLGP umbilical cord" for NYB paints an inaccurate picture. NYB is a (relatively) healthy bank and would be a survivor, regardless of the AmTrust "gift" or TLGP. They declined TARP, and would of been stupid not to use the TLGP program to issue debt. Their capital ratios are (relatively) low, but it is a result of paying out well above earnings or CFO in common dividends, i.e. bringing their ratios to a more conservative level would simply require earnings retention. Asset quality is good with over 70% of loans comprised of multifamily structures in NY and NJ with conservative LTV ratios, rent control, etc. Look through their investor presentation to see how asset quality compares to peers - it is pretty remarkable. While I do not own common shares due to valuation (DUE TO intangibles), I do own related trust preferred securities (HAVNP) which I purchased earlier this week.
SAVE US from the "Regulators"!!!
How SICK is it that they are the most CORRUPT force of all?!
I find all of these "If this keeps up it will destroy the country" statements ironic. The US you are speaking of is already dead, the country that my forefathers fought for is dead. Eat shit and smile, because there is no way any of you are going to do what's necessary to stop these criminals. (violent revolt, tax revolt, social unrest at the expense of a job and standard of living) So.... really, just shut the fuck up.
I've got a couple dozen nukes to tell the rest of the planet we have other plans in mind regarding their NWO.
So why the fuck do you bother to post here? Hmmm.... could it be you like "give a shit" or something?
You point the finger at us, what are you willing to do?
If the rules were followed, we'd have a decent system. Some changes are in order, like no lobbying, no campaign contributions, term limits, stuff like that. Some rules have been repealed that need to be put back in place. RICO and Anti-trust laws enforced (enforcement is the problem). There just isn't anyone at the helm.
Good people need to run for office, but as things are now, they can't get in. That is the problem in a nutshell.
Wishing you the best. Your contempt is understandable.
Thanks Ms Creant. I do give a shit. I was the organizer for the Ron Paul Meetup groups in my area and have not stopped working since then to make our country a better place for all. We should have taken the good doctors medicine back then, but now the complete and total economic collapse of the USA will be five times worse. Oh well, but whatever it takes to keep our rights and our Constitution, I am willing to sacrifice.
It's a good blog with sharp informed articles, and sharp informed people.
Never said I didn't care.
I'm willing to do what it takes. Shall I make myself a target on a public forum?
If is the biggest of small words.
Good people do run for office, good people (unpurchased people) do not win office.
Yes, my contempt is understandable. Until the American populace, or at the very least a significant minority, is willing to go to the mat nothing will happen. Spreading the gospel by telling people they are ignorant, taking your few piddling dollars out of a TBTF bank account, blogging, and writing the corrupted representatives ain't going to cut it; sorry.
Agree 100%, with extra emphasis on actions over words.
You don't even see it as a start? I get support here, information and ideas. Emotional support too.
I have a garden instead of a front lawn. Lots of people stop to talk to me when I work in my garden. The garden is my start for training myself to be more self sustaining.
I teach my child about this stuff. He gets it. He is not a big "consumer." Saves his money.
I paid all debt, and have few expenses. My hubby and I have one econo car, we walk to a lot of places. I walk to work and we work from home.
I have saved up over a year of pay, in case I lose my job.
I have neighbors who know what is up and they are planning for a crash. Each is ready in different ways.
I have students who I do not tell them that they are ignorant, but I do tell them that we have been had. I show them with charts and graphs. They get it. They can't get jobs, they can't move out and onward with their lives. They like being able to talk about it openly and why.
I have taken my money out of the system as much as possible.
I have published in very esoteric outlets regarding these topics. I am currently in trouble at my job over it. This is the start of those mats you speak of, I think.
Yeah, I also call and email congress critters. I know it is a waste.
I guess I'll wind this up by saying I don't do enough, but you don't know who does what. It is not normal to tell you everything I just told you, so how would you know? More may be going on than you think with people after they comment and read here. But every other day, I am hopeless too and think the rot is so deep we can't touch it even if all of us had the very best of intentions consistently. But if I do that, I close my mind and my heart to the possibility that we can do better.
I don't want to be closed. I might as well not be alive.
You are not a target to me. You seem like me, every other day. Maybe I should just type this to myself?
"Good people do run for office, good people (unpurchased people) do not win office."
for anyone who believes this country's institutions are still worth saving, this is a hypothesis that should be put to the test come next november when every single house seat is up for grabs.
all the tools needed are right there at your fingertips.
and the citizenry are more motivated & educated than ever before.
this is one idea (but perhaps too partisan to cross ideological lines):
http://kickthemallout.com/
of course, the key to success in this endeavor is not only to fire the purchased people but to find those who are not willing to be purchased.
Ok..You post these manipulated stories often in hopes I guess that the SEC will take action?
Well do they? Are you pounding down their door? Is anyone? Or do we just read this for our own personal enjoyment and then move on?
I sure would like to know if action is warranted if then, its actually taken?
Ok..You post these manipulated stories often in hopes I guess that the SEC will take action?
I cannot speak for ZH but I'll comment on your thoughts. I'm not sure what you mean by "manipulated stories" but it has been pretty evident since the days before the USA Revolutionary War movement that the press, i.e. written and verbal communication amongst citizenry, has as an objective bringing to public light matters that may have criminal repercussions. I believe the objective of this post is not only to "hope" that the SEC takes action but it appears a demand for such action.
Well do they? Are you pounding down their door? Is anyone? Or do we just read this for our own personal enjoyment and then move on?
ZH does pound on doors and they have published on a number of occasions their specific activities in regards to filing FOIA requests, memorandum to the SEC, requests of the Justice Department, correspondence with Members of Congress. I suspect the volume, nature, and targets of correspondence extend past what I have listed.
I can state with confidence that many who read ZH take specific actions similar to those noted above and not all simply read this site for personal enjoyment and then move on, not that there is anything wrong about that, to each his own. Those that "read only" here will at least have the opportunity to further their knowledge taking advantage of the thoughts and ideas shared by a wide community of pretty smart characters.
I sure would like to know if action is warranted if then, its actually taken?
In this case, any person with even a remote understanding of and experience in the financial markets would be very hard pressed to say investigative action is not warranted upon an examination of the common equity action of NYB as well as the call option action. You ask if action is "...actually taken" and that would be up to the SEC, possibly the FBI.
If you would like to increase the odds that action is taken, you may want to consider contacting the SEC yourself. This is the direct link to file a tip or complaint with the SEC if one feels a violation of the US Securities Act has been violated:
Tips - Report a potential violation of the securities laws directly to enforcement@sec.gov.
that email address gets routed to the abyss....;-)
Find the injured party, and help them speak up and seek punitive damages. The judicial branch stands to gain the most from helping to right this wrong, let them have their say.
Further, and as I've suggested before, we could initiate a list of pre-written executive orders to adorn the next presidential candidate - and precedence doesn't leave much out of what could be covered by these decrees. Fuck the candidate, vote for the contract. Like Tylers new rating agency, this is the path to centerless self government.
And don't let anyone fool you, the MSM is dying, and quickly. Blogs like ZH are the new sheriff in town, and this country, like it's genesis, will lead the way to a new global political power structure just as it has done for industrialization, computing, war, communication, entertainment, transportation, and nearly every other aspect of hard creative change. Things are always darkest before the dawn, mark my words one day we will enjoy the fruits of Tylers offspring.
This is an excellent story TD... since no one has said it I also want to thank QevolveQ for opening the door on this one.
Justice is an illusion...
It's mutual interest that binds these people not trust...
Very succinct.
illusion? Not when you consider the modern day meaning. The "true" meaning of justice can be found within the word itself - (just-us).
Thanks for keeping this story on top Tyler. You got to get as many eyeballs on this story as possible. The perpetrators of this crime need to go to jail.
Criminals Rampant
Wrongdoing in High Places
Justice an Illusion
nice
Rusty pipe jammed in my posterior
Oh, it's just the Government
Here to help.
What about the Bear Stearns puts with 1 week to expiration (yeah, maybe it was a hedge - but 1 week to expiry says the timing was too phenomenal).
bad headline. the criminal financial terrorist whore should just resign....she doesn't need to investigate anything....investigation is a codeword for cover-up just like the hsca was in the 1970s regarding political assassinations carried out by the very same crooked shitholes who are bringing us economic vaporization...
CNBC's ratings are plummeting for a reason!! They can't hold a candle to ZERO HEDGE for the reality scoop they are breaking day after day.
America is sick of the sugar-coated BULLSHIT and LIES of CNBC!! We want the truth, and we want to see Wall Street pay the price for their crimes against America!
Chicago mob rules
Operation anarchy
Fuck it let it burn
Nice 5-7-5 there Harvey
Nice 5-7-5!
Can we please have another?
Alas! All is lost!
Humanity is lost.
Grey Winter, the oligarch's smile.
Monetized chains.
Crime and Squid Everywhere
Obama, Not Comprehending
Reads Haiku slowly
SEC, how do you sleep at night? Do any of you earn your pay by standing up?
Bair needs to be fired also. Read this from a Friday article in the Business Journal re her reckless and irresponsible seizure of Wamu:
“ …new information…shows that WaMu had plenty of cash on the day it was seized, and a regulator-vetted plan to operate with even less money if necessary. Wamu also had ample capital…”
“On the day regulators shut WaMu, the bank had $29 billion in net liquidity – about 9.4 percent of assets, and nearly twice the closure threshold. ‘With the cash it had, WaMu should never have been seized,’ said a senior banking regulator familiar with the matter. … Wamu had a plan to operate and survive even if its liquidity dropped to $25 billion, what it termed a stress case scenario. At that level, the liquidity still would have been more than 3 percentage points above the typical trigger point for regulatory action. …the OTS never questioned or raised concerns about WaMu’s strategy to survive with $25 billion in liquidity, bank officials said. …the last liquidity report from inside WaMu shows that on Sep 11, the bank could borrow $6.2 billion from the Federal Home Loan Banks and $8.2 billion from the Federal Reserve Bank.” Note, that’s almost a total of $50 billion of liquidity!!!
“The 25-page report also shows that WaMu’s capital exceeded all regulatory minimums. The tier-one leverage ratio, one key measure, stood at 7.66 percent of total assets (a third higher than the “well capitalize” level). Regulators consider 5.75 percent to be “well capitalized” and typically intervene only when this ratio falls below 2 percent. …the bank developed a plan in September to convert some of its bondholder debt into equity, boosting its capital levels even more. …it’s likely that TPG would have put in more money as well, according to former Wamu executives.”
In seizing WaMu on Sep 25, 2008, the OTS provided the following official reason for its closure action in a press release: “With insufficient liquidity to meet its obligations, WaMu was in an unsafe and unsound condition to transact business.”
“ ‘Someone needs to take a serious look at this because they weren’t illiquid,’ says a senior federal official with direct knowledge of WaMu’s circumstances. …the FDIC and the Office of Thrift Supervision continue to decline requests to discuss their actions, or give any other evidence that the bank was in a precarious situation that demanded immediate action. …the content of emails [between the FDIC and OTS], obtained by the Business Journal through the Freedom of Information Act, is not part of the public record because regulators blacked out the writing with markers before releasing them.”
JPM didn't save wamu, WAMU saved JPM
Mary Shapiro knew of illegal activity in the trading pits for a few years back in the 1990's and did NOTHING!
They are all cut from the same cloth.
Being "UnAmerican" is going to become hipper than ever all around the world !
Nobody with a healthy brain believes in the scams from the US anymore.The degree of arrogance and unjustified confidence of american leaders is unbelievable.
Your country is doomed to fail, and I wish you go under alone and leave the rest of us ALONE !
Enough bulling of the rest of the world !
We had enough of you.
Thanks, Tyler & Zero Hedge for uncovering another steaming pile.
Same $#!+ as Goldmansler at CFTC looking the other way like a referee on TV wrestling as JPM & gang naked short the whole damn silver & gold futures markets.
This is what happens when a free enterprise economic system under a republic evolves into a communist/fascist economic system under a democracy (mob rule) then oligarchy.
Disclosure: Long silver, gold, steel, lead, food and rope.
Crab Cake said:
"I find all of these "If this keeps up it will destroy the country" statements ironic. The US you are speaking of is already dead, the country that my forefathers fought for is dead. Eat shit and smile, because there is no way any of you are going to do what's necessary to stop these criminals. (violent revolt, tax revolt, social unrest at the expense of a job and standard of living) So.... really, just shut the fuck up."
I've been looking for organizations that are planning ACTION. Here are my criteria:
1) Action within the rule of law (no violence, at least not yet)
2) A chance for success (can inspire a mass movement)
3) Can be accomplished quickly (not over the next 12 election cycles because no one is gonna stay mad that long)
4) Something radical (something that represents wholesale change)
Here are a couple organizations that have made the short list so far:
GOOOH.com - http://goooh.com/
Sweep the House of Representatives in 2010.
Continental Congress 2009 - http://www.cc2009.us/
The last right detailed in the 1st Amendment is the right to petition government for redress of grievances. If government fails to provide adequate redress, you have a right to withhold taxes. This organization has been petitioning for years. They just had delegates from each state gather in Illinois to draft the Articles of Freedom and will be asking members to take a pledge. Without redress, members will be withholding taxes en masse.
Anyone else know of organizations that are planning to do more than march and talk?
This will all be better once Mary gets the self funding provision in the Senate Reg Reform bill. Right LOL. They need a good restructuring.
Pronto.
Another question that needs to be answered is why were the Madoff's allowed to serve on FINRA arbitration panels (which Mary ran) right up to his arrest? This is like putting the Herman Goering on the ethics committee.
From 5 month lurker:
ZH should have a newcomers area because getting "unplugged from the matrix" is not easy or quick. I can see plugging ZH in my business's routine local advertising. If others that use MSM gave a little ink to ZH too then it might help.
H. Hesse
MARY!!!!!!
RESIGN
Then go to the nearest police station and turn yourself in for the crimes you have committed against the American Taxpayers.
Hey everyone,
Came across this article due to someone tweeting me, but I am not sure how many are you are familiar with unusual option activity. I follow this activity all day long to be able to take advantage of "insiders" like what we saw in NYB on Friday.
During the day for members of our site and on our twitter stream, we update alerts on unusual order flow taking place in the stock options market. Options have become a leading indicator for future price moves in the stock. The reason why is simple, leverage and fast control of a large amount of shares without having to put up a lot of capital.
It is always interesting to see how those individuals at the SEC don't follow this kind of activity, unless a site like mine of a zerohedge puts it out into the public.
We were able to pick up a quick trade and a good % due to the activity, but a name like NYB that traded 1,500 contracts a day total all of the sudden traded 6,500 calls in a few minutes, you better believe something is up.
optionsizzle is great at stealing content from others and even claiming others' tweets, such a joke....check out WhatsTrading or OptionsHawk to get the info first and make the real money...he even coins phrases from optionMONSTER, ha
First caught by OptionRadar on twitter, made a double on the calls, and more to come Monday...
If Mary did anything other than make "The Call" to book in a hair appointment, I'd be astonished.
When was the last time that anyone on the public payroll actually did something in the public interest? Can you recall even one person, doing one thing?....
Mark it zero, dude.
http://finance.yahoo.com/q/os?s=NYB&m=2009-12-18
NYB Dec 2009 12.0000 call(OPR: NYBLL.X) Last Trade: 0.75 Trade Time: 3:47pm ET Change: 0.63 (45.65%
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