I’ve never played in the stock markets because I knew early on that the game was rigged.

We’re being looted over and over and over again to the tune of trillions of dollars. This ridiculous healthcare debate was timed to take the immense pressure and public focus off the thieves on Wall Street and their enablers in Washington.

We’ve taken the bait and devoured it graciously.

“Every new regulation concerning commerce or revenue; or in any manner affecting the value of the different species of property, presents a new harvest to those who watch the change and can trace its consequences; a harvest reared not by themselves but by the toils and cares of the great body of their fellow citizens.” – James Madison

The real tragedy behind this article is that Wall Street, center banks and mega-insurers have gone “hog wild” with evidently no one monitoring their activity.

A few weeks ago the SEC arrested a billionaire from Sri Lanka and some other guys for insider trading. The touted illicit gain was “pocket change”; ie., 25 million which probably only buys lunch and the tip in some NYC bistro… / : |

My main concern is the blowout concerning reconciliation between stock issued by a corporation and the phantom shares so readily created out of thin air to facilitate naked short selling. I’ve sold options on both commodities and stocks in my time, including naked plays, but peasants like myself are required to carry hefty margin accounts. You might sell the stock short but you can’t get your mitts on the money until you close out your position or at least it’s showing a paper gain by a fairly wide margin even then only having access to a fairly small amount of the hoped for gain when the position is closed out. This evidently doesn’t apply to these guys; ie, Goldman Sachs, Morgan Stanley et al.

I’m not a broker, but just a private investor that feels a major trust has been broken and seemingly no one at the top even gives a sh*t. This destruction of Bear Stearns, Lehmann et al. derivative players linked to them represents criminality that could only exist with the complicity of both appointed and elected officials along with failed regulatory bodies.

Most of the 16 plus million people out of work can link their grief back to this banking center debacle referenced in this blogpost. Credit dried up as a function of this money game and the money loaned by our government to these institutions is still not trickling down to the ordinary citizen.

The mere fact this President stepped into office and appointed the very knaves who were involved with this to key positions and proceeded to push for even more bailout money courtesy of the U.S. tax debtor tells me he’s one uv’em.

Carl Nemo **==

No I do not maintain a website although I’ve moderated a number of them over time.

Feel free to ask questions within the body of this blogpost if you care to do so.

Thanks for your feedback.

Carl Nemo **==

Stewart, who averted more than $51,000 in losses by selling when she did, was not charged with insider trading; instead, she and her broker were accused of lying about the transaction and altering records to support the alleged cover story.

(Fox News, March 8, 2004)

She got significant jail time for what amounts to a trivial offense. Compare that to the villains who brought down Bear and Lehman. Billions of dollars. And trading records could conclusively prove serious infractions of SEC rules. Nobody will even look into it.

Amazing.

—W—