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Post by soonerlew on Aug 12, 2008 19:45:22 GMT -5
By: rosencrantz2010 12 Aug 2008, 01:08 PM EDT Msg. 750557 of 750617 (This msg. is a reply to 750555 by rosencrantz2010.) Jump to msg. # yeah, someone else posted this item this morning but it's worth repeating the post.
the SEC is going to put in place something that stops naked shorting. they are going to need another 45-90 days to do this since they need 30 days of comments. after that the new regs should go into effect.
maybe cmkx will be back to trading by october 15, 2008 ?
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Post by soonerlew on Aug 12, 2008 19:46:04 GMT -5
By: mdnj_38 12 Aug 2008, 01:42 PM EDT Msg. 750560 of 750617 (This msg. is a reply to 750555 by rosencrantz2010.) Jump to msg. # So the NSS rule is good for 19 companys, But not the rest. SEC=TRASH
By: aladin99 12 Aug 2008, 01:55 PM EDT Msg. 750562 of 750617 (This msg. is a reply to 750560 by mdnj_38.) Jump to msg. # protect 19 companies to make sure they pay before they go under themselves....
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Post by soonerlew on Aug 12, 2008 19:47:24 GMT -5
By: aladin99 12 Aug 2008, 02:02 PM EDT Msg. 750565 of 750617 Jump to msg. # Looks like every defendant planned to take the fifth...Is that interesting?
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Post by soonerlew on Aug 12, 2008 19:49:01 GMT -5
By: dmgroup 12 Aug 2008, 10:09 AM EDT Msg. 750524 of 750618 Jump to msg. # HEY pumpers city group is down .54..IT"S A SIGN
By: mquietstorm3 12 Aug 2008, 03:16 PM EDT Msg. 750572 of 750618 (This msg. is a reply to 750524 by dmgroup.) Jump to msg. # HEY DM,THAT'S A GOOD START @ .54... eom
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Post by soonerlew on Aug 12, 2008 19:56:30 GMT -5
specimen Diamond Finder and Miner The End « Thread Started Yesterday at 10:07pm » -------------------------------------------------------------------------------- Repetition and crackpot theories. There is nothing new to write about. All events have been played out and there is no finale to sit on the edge of our seats for. There are no more rumours of value. Our rumours here aren't even close to rumours anymore. They haven't been for awhile. Can you remember the last time that you saw a post or thread that shook you out of your chair? Mr. Robert Maheu passing away was a huge shock to everyone involved in this company and to be honest I didn't have a clue who he was until this stock. Anyone with the slightest knowledge of him now will state that this man was a man of power, purpose and justification. Howard Hughes, CIA, Robert Maheu and....CMKX. Come on! Enough coincidences already. This is good. Very good. The "conditioning" as it has been forewarned is complete. The bashers and pumpers are done. The banks and brokerages are where they have held us for our entire lives, at whim. The "secret" of naked shorting is exposed globally, but more importantly, the entities which were responsible have been paying astronomical settlements WITHOUT QUESTION OR APPEAL. Sure we may not see jail terms or admissions from individuals, but that is not what is important. The problem has been fixed and the economy will avoid the most monumental financial meltdown in history. We won't learn anything new on the boards. What will happen will be a notice in the mail...finally. KW will never give another update with substance (I know what you're thinking lol). Tick! Tick! Tick! Wait and see. tramp2.proboards88.com/index.cgi?board=general&action=display&thread=5820
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Post by imSINGLEruRICH on Aug 12, 2008 20:14:43 GMT -5
Is this some kind of hint ?? 0rrrr just ... By: jcline 12 Aug 2008, 08:13 PM EDT Msg. 33470 of 33472Jump to msg. # Anyone care to........ www.youtube.com/watch?v=m_Yyao8obPc feeling like dancing once in a while........ya know?? : ))) By: bigdaddie 12 Aug 2008, 09:06 PM EDT Msg. 33472 of 33472(This msg. is a reply to 33470 by jcline.) Jump to msg. # "Kool" jcline, hopefully our Celebtration will occur soon. thanks.
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Post by imSINGLEruRICH on Aug 12, 2008 20:15:30 GMT -5
By: jcline 12 Aug 2008, 08:07 PM EDT Msg. 33469 of 33472Jump to msg. # How Big is the FTD/NS Problem? Posted by: bobo 8/8/2008 11:30 AM How big is the problem? I mean, we hear the now famous $6 billion delivery failure number tossed around from the DTCC, but how accurate is that, really? Is it a complete answer? Is there more information that is knowable? The answer is, yes, more is knowable. "Approximately US$1.8 trillion worth of trades remain outstanding and unsettled globally every business day, contributing significant credit and operational risk exposure to the trading participants." ------------------------- Read the rest here: www.thesanitycheck.com/BobsSanityCheckBlog/tabid/56/EntryID/706/Default.aspx
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Post by soonerlew on Aug 13, 2008 4:48:58 GMT -5
By: cbaughan 12 Aug 2008, 09:16 PM EDT Msg. 750622 of 750655 Jump to msg. # Re: THE SMELL TEST...... part two « Reply #31 Today at 7:13pm »
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Post by soonerlew on Aug 13, 2008 4:50:06 GMT -5
By: ctla_4_me 12 Aug 2008, 09:51 PM EDT Msg. 750629 of 750655 Jump to msg. # repost from Ihub:
SEC PLOTS PROPOSAL TO DETER SHORT SELLERS By KAJA WHITEHOUSE Posted: 3:52 am August 12, 2008
The Securities and Exchange Commission is working furiously to unveil a proposal next month that would permanently tighten existing rules for short selling, according to people in talks with the agency.
The details of the proposal are still being bandied about, but sources said one possibility the SEC's staff is discussing is expanding the controversial rules put in place last month that require short sellers to borrow shares before they short them.
Another option being debated involves imposing fines on people who fail to deliver borrowed shares within the mandatory three-day period, these people said.
Last month, the SEC imposed emergency rules requiring anyone who short the stocks of 19 companies, including beleaguered mortgage titans Fannie Mae and Freddie Mac, to borrow shares within a three-day window before they short them.
The order, which was intended to shore up markets by preventing so-called "naked" short selling, ends at 11:59 p.m. tonight, and the agency has no plans to extend it.
That has caused some to fret that the 19 stocks covered by the order could once again become vulnerable to rapid price declines. And while the SEC's proposal is slated to be unveiled mid-September, it could take months to finalize.
"I think there's a little bit of risk in removing the emergency order," said former SEC commissioner Roel Campos, now a partner at law firm Cooley Godward Kronish. "If one of those stocks should run into trouble, I can't help but think the SEC will be criticized for not having done everything it could have done."
kaja.whitehouse@nypost.com
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Post by soonerlew on Aug 13, 2008 4:50:53 GMT -5
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Post by soonerlew on Aug 13, 2008 4:52:39 GMT -5
By: my69z 12 Aug 2008, 10:44 PM EDT Msg. 750638 of 750655 (This msg. is a reply to 750514 by gusjarvis.) Jump to msg. # Gus..." chris you don't get much better than rick and wescan ..."
Ok ( LOL,,LOL,,,LOL )...we'll leave it a that
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Post by soonerlew on Aug 13, 2008 4:55:36 GMT -5
By: rosencrantz2010 13 Aug 2008, 04:55 AM EDT Msg. 750652 of 750655 Jump to msg. # Naked Short Ban Returns SEC 19 to Bear Monday: Chart of Day By Elisa Martinuzzi
Aug. 12 (Bloomberg) -- The U.S. Securities and Exchange Commission's emergency ban on short sales in shares of financial stocks, which expires today, has failed to raise the share prices any higher than they were the day Bear Stearns Cos. collapsed.
The U.S. regulator's order banned so-called naked short- selling of Fannie Mae, Freddie Mac and 17 investment banks, whose collapse might expose the U.S. government to losses.
The CHART OF THE DAY shows the market value of the 19 SEC- protected companies soaring 26 percent, or $270 billion, since the July 15 announcement. Still, that gain only returned the banks to their valuation on Monday, March 17, the day of JPMorgan Chase & Co.'s buyout of Bear Stearns, which was facing bankruptcy after billions of subprime-mortgage linked losses.
``The fundamentals that had created the panic selling have improved, though the sharpness of the rally was helped by the rules,'' said Antony Gifford, who oversees about $4 billion in North American equities at Henderson Global Investors in London. ``The lifting of the ban won't make much difference because new rules on short sales are expected any time.''
The SEC is considering forcing investors to disclose bets on falling stocks and may take additional steps to rein in rapid-fire short sales, Chairman Christopher Cox said on July 24.
In traditional short selling, traders borrow shares and sell them. If the price drops, they profit by buying back the stock, repaying the loan and pocketing the difference. Naked short sellers trade without borrowing shares.
The 17 brokerages in the temporary SEC order were: BNP Paribas Securities Corp., Bank of America Corp., Barclays Plc, Citigroup Inc., Credit Suisse Group AG, Daiwa Securities Group Inc., Deutsche Bank AG, Allianz SE, Goldman Sachs Group Inc., Royal Bank of Scotland, HSBC Holdings Plc, JPMorgan Chase & Co., Lehman Brothers Holdings Inc., Merrill Lynch & Co., Mizuho Financial Group Inc., Morgan Stanley and UBS AG.
To contact the reporter on this story: Elisa Martinuzzi in Milan at emartinuzzi@bloomberg.net
Last Updated: August 12, 2008 09:19 EDT
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Post by soonerlew on Aug 13, 2008 4:56:15 GMT -5
By: rosencrantz2010 13 Aug 2008, 05:12 AM EDT Msg. 750654 of 750655 Jump to msg. # Deficit for July Exceeds Wall Street Prediction Stimulus Checks, Bank Crisis Contributed
By Martin Crutsinger Associated Press Wednesday, August 13, 2008; A12
The federal budget deficit soared in July, pushed higher by economic stimulus payments and $15 billion in outlays to protect depositors at failed banks.
The Treasury Department reported that the deficit for July totaled $102.8 billion, nearly triple the $36.4 billion deficit recorded in July 2007.
The deficit outstripped the $97 billion gap that Wall Street economists had been expecting for July.
The department said outlays were pushed up by $15 billion because of payments the Federal Deposit Insurance Corp. made to depositors at failed banks. The Treasury report did not identify the banks, but federal regulators seized the assets of California-based IndyMac Bank, the largest regulated thrift to fail in U.S. history.
The FDIC is expected to recover much of its outlays for failed banks, in part by selling the assets of seized institutions. The FDIC has also raised the possibility that it will increase insurance premiums on healthy banks to cover the cost of what are expected to be rising bank failures as the current credit crisis unfolds.
Besides the FDIC payouts, government outlays were increased by the final bulk mailings of government stimulus payments in July. The July deficit also looked worse than the July 2007 deficit because last year's figure was artificially deflated by timing issues that shifted about $19 billion in normal outlays into the prior month.
So far this year, the budget deficit totals $371.4 billion, more than double last year's deficit through the same time period of $157.4 billion.
The Bush administration recently revised its forecast for this year's deficit, lowering it from an estimate of $410 billion, down to $389 billion. The Congressional Budget Office, however, is more pessimistic, projecting the deficit for this year will total $400 billion when the current budget year wraps up on Sept. 30.
For the 2009 budget year, which begins Oct. 1, the administration is now projecting a deficit of $482 billion, which would be the highest in dollar terms in history, surpassing the old mark of $413 billion set in 2004.
Through July, government revenue total $2.094 trillion, down 1 percent from the same period a year ago. Revenue has been weaker this year, reflecting the sharp slowdown in the overall economy.
Government spending so far this budget year totals $2.47 trillion, 8.5 percent higher than a year ago. That is in part because of the $168 billion stimulus package Congress passed at the beginning of the year in an effort to keep the country out of a deep recession and because of increased spending for the wars in Iraq and Afghanistan.
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Post by soonerlew on Aug 13, 2008 4:57:24 GMT -5
By: homeyclausecalif 13 Aug 2008, 05:01 AM EDT Msg. 750653 of 750655 Jump to msg. # Bob Wang a lang a ding dang.. I love ya kid but are you still touting gold nuggets?
By: bobhwang 13 Aug 2008, 05:31 AM EDT Msg. 750655 of 750655 (This msg. is a reply to 750653 by homeyclausecalif.) Jump to msg. # hahah . you need to follow gary north, he was off by a day 3-17 was the turning point. now the buy in last night. in metals, it will be sidewyas to up now. back and fill. keep laughing in funny money land.
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Post by soonerlew on Aug 13, 2008 5:14:17 GMT -5
By: jcline 12 Aug 2008, 11:08 PM EDT Msg. 33475 of 33476 Jump to msg. # $1.8 T remain unsettled!!! Approximately US$1.8 trillion worth of trades remain outstanding and unsettled globally every business day, contributing significant credit and operational risk exposure to the trading participants. Compressing the settlement cycle can reduce the risks as well as create liquidity for other uses. If the industry is to continue delivering the high level of cost-effective and riskmanaged services that the trading participants and investors demand, it is critical to streamline the trading-to-settlement process by moving to global straight-through processing (GSTP) and compressing the settlement to near realtime trade date plus one day (T+1). Shorter settlement cycles will reduce current daily settlement risk1 exposure for trade date plus three days (T+3) settling products by at least US$250 billion in the US alone – this value is expected to exceed US$760 billion by 2004 by 2004!!!!!!! by 2004!!!!!!! What is it today? ? Lordy!!!!!!! www.touchbriefings.com/pdf/1417/kumar.pdf
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