How to make some big bucks!

Bruce Krasting's picture

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whirlybird rules's picture

Good article.  Thanks.

Rynak's picture

Simply awesome article :) There are not many of this kind, in the contributor category. Congratz, this even easily beats your average article by the tylers :) To be honest, i'm not even sure if this should be a "contributor" article - this should be on the frontpage as a guestpost.

disabledvet's picture

Have no fear they'll contact your boss first to make sure you're on the up and up.

Gromit's picture

Let's go after Fannie Mae foo issuing a fraudulent prospectus.

In fall 2007 they sold their "T" preferred at $25 per share and never paid a dividend.

It's traded over the last year between 28c and $3, currently at $1.86 / 1.88.

My guess is that the major holders are regional banks who don't want to make a fuss - but I have 5000 shares and I'm ready to join a class action.

Holden Caulfield's picture

 

I believe 9/11 is the biggest fraud and until it is re-investigated the world will never be safe. WTC Building 7 Collapses at free fall speed? Plane into Pentagon? Plane in Shanksville PA?

The future is now. Be prepared.

 

Holden Caulfield's picture

I believe the biggest fraud is 9/11.

Until it is re-investigated the world will never be safe.

WTC building 7 collapsing at free fall speed?

Plane into Pentagon?

Plane in Shanksville PA?

The future is now. Be prepared.

Holden Caulfield's picture

I believe 9/11 is the biggest fraud and until it is re-investigated the world will never be safe.

WTC Building 7 Collapses at free fall speed? Plane into Pentagon? Plane in Shanksville PA?

The future is now. Be prepared.

Holden Caulfield's picture


I believe 9/11 is the biggest fraud and until it is re-investigated the world will never be safe.

WTC Building 7 Collapses at free fall speed? Plane into Pentagon? Plane in Shanksville PA?

The future is now. Be prepared.

Holden Caulfield's picture

I believe 9/11 is the biggest fraud and until it is re-investigated the world will never be safe.

WTC Building 7 Collapses at free fall speed? Plane into Pentagon? Plane in Shanksville PA?

The future is now. Be prepared.

GiantWang's picture

I am an attorney with a solid gold academic record who is starving in the real world because I refuse to be in bed with the banksters (and I'm constantly looking at stock quotes rather than billing time).  Let me know how I can help on this truly noble mission.

Mediocritas's picture

We may not get paid for being a rat. But we surely can send a message to the Rats.

ROFL. That's gold.

Eireann go Brach's picture

And the biggest fraud of all that should be whistleblowed and exposed by all voters....is that Barack Obama is fit to run this country?

bigkahuna's picture

Oh, there are bigger frauds than that one out there. Social Security, the SEC, 9/11, Patriot Act - he might be a fraud, but he is a function of and a drop in "the fraud bucket". 

rwe2late's picture

 Can we report the SEC and the office of whistleblowing as  frauds,

or at least an accessory to frauds by  assisting the coverups?

falak pema's picture

snitch is a name the mafia barons hate; I'm sure the Oligarchs are no different. The contracts will go out, like of old....If you don't have insurance of your own...you could get rubbed out trying to rat on those who make the world go round...or oblong...or in double dips and roller coaster rides or whatever.

rlouis's picture

I want to blow the whistle on a few:

insider trading by congress

market manipulation by the Fed and Dept. of Teasury

defense contractor kick backs

Oh wait, this is all legal. Dang! 

Idbatty's picture

A ZH 'class action' whistle blow incriminating the Government under security laws would be a just act in this 'Gilty' Age.  Let's hang together on this Krasting proposal.

marcusfenix's picture

ok, I'm turning any and all job sites who post 9000 openings (in your area) of which 90% are the same 100 jobs that have been re-posted ad naseum since january...not sure what they gain from it, but it is definitely fraud. oh yeah, and any company that demands an e-mail address to submit an resume or application because you know they only do that so they can turn around and sell your info, and with most of the country looking for work they are making a lot of money with that scam.

MrSteve's picture

look to Agent Rain and ADP.

ADP requires that you authorize them to do a credit rating on you when you apply for a job. ADP and Agent Rain then vend your data to insurance companies who pitch you to buy a franchise. When you don't, they start pitching you to buy their policies. Farmers Insurance is one participant in this scheme, per my personal witness.

I found the "rain" by digging into the copyright info on the application site and googling the names there, etc.

choorles's picture

 

STOP! WHAT IS MONEY? The money that the world uses today is created by private banks lending non-existent money called credit. This credit has never, does not and will never exist, except in theory on computer screens. People die and they starve all because they do not have enough digits on a computer screen. All of this credit, created by the private banks, is owed back to those same banks, plus interest. By design, there is never enough credit in circulation to pay back all the principal plus interest on the loans outstanding, which is why the concept of bankruptcy is built into the system.

Using the simple system above, banksters are given the ability to manipulate the world’s economies into ‘boom and bust’ cycles. In essence, the only difference between a boom and a bust is the amount of credit in circulation, or rather, the net amount of numbers on people’s computer screens. Initially, banksters create a boom by increasing the supply of credit in the economy. During this boom period, individuals and businesses are encouraged to take on more debt as they are more confident of increasing their income in the future. All this extra credit in the system leads to more activity, which in turn creates more confidence in the system, with many getting into more debt. This boom is akin to a fishing trawler, the bankster throws out a credit line and waits, once the bait has been taken the bankster begins to wind in the credit by taking credit out of circulation, it’s gone. The economy then moves into a slump or recession, simply because there are not enough units of credit in circulation. The banksters are then able to trawl from people the wealth that does exist, in exchange for money that never existed in the first place.

http://silverrevolucion.wordpress.com/2011/08/14/money-banksters-and-aug...

 

www.silverrevolucion.com

JW n FL's picture

Republicant Bruce Bitching about whistle blower payments.. dont be a fucking scum bag Bruce (not possible for you I know) and you will not have to worry about someone snitching you out!

Given your personality I can only assume the people that would suffer you are the types that would sell you down the river for less than $1 U.S. dollar!

there is NO protection for whsitle blowers in America!

Tell the Truth!

Go to Jail!!

 

Joe Davidson - Whistleblower protection bill hits sudden stop in ...

www.washingtonpost.comPolitics  You +1'd this publicly. Undo

Dec 15, 2010 – Whistleblower protection bill hits sudden stop in Congress ... Republicans also have decided to link the whistleblower bill to the controversy ...

?


  • Who killed the whistle-blower bill? - Los Angeles Times


    articles.latimes.com/2011/.../la-oe-devine-whistleblower-20110110 - Cached  You +1'd this publicly. Undo

    Jan 10, 2011 – Almost everyone agreed on the merits of the Whistleblower Protection Enhancement Act -- except one anonymous Republican senator who put ...

  •  

    You scum bag repugnant bottom feeders will be getting your due soon enough! 
    John_Coltrane's picture

    "You scum bag repugnant bottom feeders will be getting your due soon enough! " 

    Such an insightful comment-very useful indeed.

    Maybe JW should write a useful blog like Bruce does for free with the many interesting facts on SS cash flow etc..  Your comments to him are consistently inane ravings.  As Hiliary liked to say, "it takes a villiage to raise an idiot" so congrats to your villiage.   If you don't like what he has to write, "don't read it"!   I know if I saw your name on a column, I certainly wouldn't click on it.

    For the rest of us, Bruce, keep up the good work.  Some losers like JW seem to think any sort of success in life is a reason for condemnation.  Envy is one the seven deadly sins for a reason.

    Bruce Krasting's picture

    Yeah! What Coltrane says!

    Don't like it, don't read it. Want to comment, be my guest. I can take heat as well as anyone.

    Scum bag bottom feeder? Not fair at all.

     

    rwe2late's picture

     Please,

    I am no devotee of Mr. Krastings, but give him a break!

    In this instance, he is spot on,

    and his mocking diatribe against the 'fed office of whistleblowing' is meritorious.

    rosiescenario's picture

    "Bribery of, or improper payments to, foreign official..."

     

    ...uh, would payments 'from' also count? ...81 elected reps are going to Isreal...how much does AIPAC spend (and on whom) to buy our support?

    Flakmeister's picture

    Icahn just made $473,000,000 today.... he sure as fuck added that amount of value....  

    Miles Kendig's picture

    Rock on BK! Everyone knows there's lots more out there hiding in broad sight.

    Widowmaker's picture

    This is a hail-mary attempt at sanity.

    Absolutely nothing will come of this tactic as the bonuses front running fraud, insulated by the "corporation", are just too good!

     

    Bruce, why did you remove the near-top comment about off balance sheet bullshit and mark to fraud accounting yesterday?

    Too close to the banker's-brotherhood for you I presume.

    Bruce Krasting's picture

    Not sure what you are referring to. I assure you have no ability to edit/delete comments on this site or any other site. Doesn't work that way.

    Even us members of the "Banker Brotherhood" can't delete comments on ZH.

    I would, however, have liked to deleted you a few times. This being no exception.

    DOT's picture

    Can someone blow the whistle on me ?

    I've been providing material support to a Ponzi scheme for years.

    They promised me future wealth.

     

     

    Those Bastards !

     

    Rainman's picture

    Sadly, nearly all financial scum sucking activities are protected by emergency powers. It's in the fine print nobody cares to read.

    rsnoble's picture

    Ok, I want to turn in the entire US govt, GS, JPM, C, BAC, WFC, and Bush And Cheney and Paulson.

    Please cut my check for $700 trillion now.

    rsnoble's picture

    Oh, and add the SEC to that list also.

    Kayman's picture

    Bruce

    Only little rats will be prosecuted.  Same game, new name.

    legal eagle's picture

    I haves client who was ripped off $15 million, I have had multiple meetings with SEC and FBI, they are overwhelmed by 1000s of these cases so they cannot prosecute. Unless YOU can acquire sufficient evidence to prosecute don't waste your time.

    Widowmaker's picture

    Mission Accomplished!

    Not to worry, the war on drugs is far, FAR more important to national security and your way of life.  Lock away anything with 1g. or more, prosecute to the maximum extent of the law!

     

    Here's one for you, Krasting, END TOO BIG TO FAIL, LET THE MARKET DO THE PROSECUTING!

    DB Cooper's picture

    Great post BK!  It is through these very things you point out that the gov't and TPTB have all legitimacy to rule.  I would like someone to look at trades in the market last week - the manipulations of the market surely were orchestrated to get some big players profits or stick save some losses. 

    wang's picture
    wang (not verified) Aug 15, 2011 11:01 AM

    I heard Rat tner on Bloomberg this AM. Apparently he is still financial advisor to Mayor Bloomberg.  Someone should look into this.

     

    Nov. 18 2010 (Bloomberg) -- Steven Rattner, the former head of Quadrangle Group LLC, will pay $6.2 million and accept a two- year ban from associating with broker-dealers or investment advisers to resolve a Securities and Exchange Commission probe of kickbacks in connection with the New York state pension fund.

    http://dealbook.nytimes.com/2010/10/15/what-it-means-to-manage-the-mayor...

    Updated: Jan. 3, 2011 (NYT)

    Mr. Rattner, a longtime Wall Street deal maker, now works at Willett Advisors, the personal money-management arm of his close friend Bloomberg, the billionaire mayor of New York. The attorney general’s settlement will no have no effect on Mr. Rattner’s current work. The S.E.C.’s two-year ban currently prohibits him from being paid by Willett and participating in some investment activities at the firm.

    http://topics.nytimes.com/top/reference/timestopics/people/r/steven_ratt...

    and their 13F

    http://fundville.com/fund/4018/WILLETT-ADVISORS-LLC

    IQ 145's picture

    Holding on to my $38.80 Dec. Silver contract; the silver market has "consolidated" has people like to say who want to be mistaken for "experts"; in plain english the price range has tightened up around a central point; it looks to me like it's ready to move up. I never know where to post this stuff; but under a byline that says let's make a lot of money is not entirely off-topic.

    Northeaster's picture

    Are you trying to say that all those shell companies I filed for my firms clients in Delaware, Nevada and Wyoming with their name spelled backwards five times wasn't legit?

    I may need to get in on this...

    SheepDog-One's picture

    So you have to find someone doing something 'illegal' in the markets and report it to the SEC, but it cant be someone with Obama administration or Wall St central bankster connections, as theyre doing 'Gods work'.

    espirit's picture

    Hey SD-1, you are far more likely to be rewarded for unearthing a new scheme which contributes to or reaffirms the ponzi.

    Sad, isn't it.

    bullet's picture

    If I turned in the Federal Reserve, how much could I expect?

    Bruce Krasting's picture

    That "Blower Award" would top a half Tril in my opinion. 20% comes to 100 billion. What a party we could have!

    mikla's picture

    Sadly, this piece is just a joke. While there may well be hundreds of opportunities to blow the whistle on schemes, ponzis misrepresentations and market manipulation perpetrated by D.C. the last few years the chances of getting paid by the SEC for these tips is about zero.

    I only partly agree.  The "capricious stochastic component" is the courts.  Sometimes, they just don't "play ball".

    Of course the SEC will deny all.  The courts will drag them kicking-and-screaming to an arbitrary liability and number, including injunctions.  Further, the courts often exceed their authority to mandate changes to law, changes to policy, and changes to practice.  The "two-sets-of-books" and "two-sets-of-laws" are only reigned in by the courts.

    No, I'm not asserting this is a likely outcome; but, it is a significant *possible* outcome.  For example, when the PowerBall is $1/ticket for a $95 million payout, and your odds-of-winning are 1-in-64-million, that ticket starts to look a *lot* more compelling (because the mathematical risk/reward makes sense).

    Of course, I honestly don't think the system will "hold together" long enough to get an answer from the courts, since that will take years, and we don't have years.  However, the "overhang" of publically-disclosed risk from such an active filing (like an ongoing corporate battle from an active legal issue) may prove to be significant in terminating the current (morally offensive) system.

    IQ 145's picture

    And now for something completely different, as Monty Python would say. For those of you who followed my trade to short CHF/USD last week; you can take profits now, at the market. Enormous profits. This is not a scam. this is called trading. Cheers.

    Frog-And-Toad's picture

    FAZ

     

    Looks mighty attractive right now...