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Post by rickles on Feb 28, 2010 19:17:55 GMT -5
Isn't it about time that the rumor 'We should hear something significant by the end of the week', be resurrected?
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Post by enoughalready on Feb 28, 2010 19:40:05 GMT -5
Unfinished business Cuomo expands short-selling probe By MICHAEL GORMLEY Associated Press Sunday, September 28, 2008 ALBANY, N.Y. - New York Attorney General Andrew Cuomo is broadening his investigation of short selling on Wall Street, according to a senior official in his office. Cuomo is turning to the massive credit-default swap market, which he believes may have been manipulated in order to give the impression that certain companies were in trouble. The official said Friday that Cuomo has subpoenaed information from providers of market data in what could be a huge probe into one of the factors contributing to volatility in the stock and credit markets. The official spoke on the condition of anonymity because the investigation hasn't been announced. Cuomo believes the swap contracts may have been abused by short-sellers who spread negative rumors as a way to drive down a company's share price. Credit default swaps protect an investor in the event a company defaults on their debt. Their price is a measure of a company's soundness, so a higher price for the swap should be a signal of trouble with a company's financial standing. Cuomo suspects short sellers used credit default contracts to make a company's position appear worse than it actually was. That could help short-sellers profit from a decline in a company's shares. In a short sale, an investor borrows shares of a company, usually from their broker, and then immediately sells them at their market price. If the share price subsequently falls, the investor buys back the shares at the lower price and pockets the difference. The federal government blamed massive short selling by hedge funds for contributing to the collapses of Lehman Brothers Holdings Inc., American International Group Inc. and other troubled companies. Big drops in share prices can be particularly damaging to financial companies by making them appear weak to lenders, clients and other participants in financial markets, as well as making it harder for them to raise capital when they need it. The Security and Exchange Commission's temporary ban on short-selling gave a number of companies time to stabilize. The subpoenas this week went to trading information companies Markit Group Ltd., Depository Trust & Clearing Corp. and Bloomberg LP. Markit Vice President John Dooley declined comment Friday. The senior official said Cuomo is looking at data on the transactions over the last several weeks involving American International Group Inc., Merrill Lynch & Co., Morgan Stanley, Goldman Sachs Group and Washington Mutual Inc. Cuomo's other Wall Street investigations include a probe into complaints about short sellers of stock and whether they engaged in a conspiracy or spread rumors and bad information to influence the stock prices of Lehman Brothers Holdings Inc., American International Group Inc., Goldman Sachs Group Inc., Morgan Stanley and other firms that have been hammered in the financial crisis. www.knoxnews.com/news/2008/sep/28....be/?partner=RSS
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Post by enoughalready on Feb 28, 2010 20:08:53 GMT -5
Please note that article is from 2008 but he knows of naked shorting so he doesn't have to do a lot of research to get up to speed. Calls this week are important folks!
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Post by squeezebox on Feb 28, 2010 21:13:49 GMT -5
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Post by supercim1 on Mar 1, 2010 14:42:43 GMT -5
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Post by snifferpup on Mar 1, 2010 16:03:54 GMT -5
International PupCaster Review...In report #272, Monday 1 March 2010 02:00, Christopher Story mentions an artical from Paul Craig Roberts, Former Assistant Secretary to US Treasury 2-25-10..................................Christopher also added the following~ • ON A PARALLEL NOTE, WE WILL SHORTLY PRESENT COMPREHENSIVE AND CONCLUSIVE LEGAL EVIDENCE THAT ALL, REPEAT ALL (I.E. 100%) SECURITISATION IS ILLEGAL, REPEAT ILLEGAL, UNDER U.S LAW, WHICH MEANS THAT ALL THE CONVOLUTED ARRANGEMENTS MADE BY THE TREASURY AND THE FEDERAL RESERVE TO ACCOMMODATE DUBIOUS SECURITIES TRANSACTIONS, AND ALL THE NEW ARRANGEMENTS BEING MADE AT BREAKNECK SPEED TO RESUME OR INTENSIFY SECURITISATION OPERATIONS (FRAUDULENT FINANCE) TRADING, ARE ILLEGAL, REPEAT ILLEGAL, UNDER U.S. LAW. THERE ARE NO REDEEMING FEATURES.www.worldreports.org/news/272_paul_craig_roberts_sticks_it_to_the_911_criminals
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Post by imSINGLEruRICH on Mar 1, 2010 21:36:43 GMT -5
ty bikinipro gusjarvis King of Diamonds ***** TO ME AL HODGES HAS BACKED UP HIS BULLshi* 100% « Thread Started Today at 1:25am »
I have wanted to take action so bad for all of you and me on Monday, there were plans already in motion to happen early Monday. I have decided without talking to golden yet to not take that action, as after Al put out his letters he has in my opinion backed up his bullshi* one hundred percent. I feel he has supported us and told us the truth. It is now time to shift gears and rethink. It is clear now that it is not suing the SEC that is key anymore.
I know some will not be happy with this but I have decided to thank Al Holdges for coming through, and lets decide as a group what action will best help our cause.
We have money to pr what we want, but it should focus now on what will get us to our goal, it is not about me, but it is about us getting there, and that is what this coalition was about to me. It was about the truth and not sitting here waiting until we had something substantial enough to not continue with our action. I feel we have that, I hope most do as well and can see that I am not stalling at all, I am changing with what we now know.
hey we have power imo, they didn't like our waves, but maybe we can cause some other waves with out evidence and our crazy freaks who hassle the hell out of whoever is going against us.
We now have a little different direction and we also have more ammo. We can change the pr to focus on that if we want, it is d**n good
hawkeye1 Are we still going ahead with the Billboard near the SEC?
gusgarvis that is what I mean hawk, the sec is actually not who our direct attack needs to go now imo. Pressure now on Cuomo to make this happen as quickly as possible, that is what imo is needed immediately. Personally pring Al's case and letters is more important to the whole group than my case given what has just transpired. We in the immediate future don't need to distract away from that at all, again imo. I want everyone's opinion on this, it is a group effort.
We are so close to telling the whole world and I'm concerned what the after shock will be like when all the financial institutions hear about the FRAUD and especially all investors.
Kind of scary really. Could get real ugly on the big board.
hawkeye1 I can't sleep for thinking what Al will do next for the shareholders. Its a good feeling isn't it?
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Post by imSINGLEruRICH on Mar 1, 2010 21:40:36 GMT -5
oreodiamonds DIAMOND DIGGER Re: Tables turned, SEC rug pulled under their feet « Reply #4 Today at 9:26pm »
If I remember correctly back in early January, BMCS went after Wells Fargo for the same thing and Saltydog said " Watch CMKX will piggy back on this lawsuit."
Hats off to Salty Dog you were 1000% correct!
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Post by briwadd on Mar 1, 2010 22:38:12 GMT -5
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Post by enoughalready on Mar 1, 2010 23:30:04 GMT -5
This is no time to let up folks. Calls to SEC and Cuomo need to continue ALL week!
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Post by shrubberpa on Mar 2, 2010 7:51:30 GMT -5
this web sit has a black background so it must be linked to the satanist
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Post by davesaint on Mar 2, 2010 8:41:14 GMT -5
Can someone suggest this to Gus and or even better yet to Al. This is just a thought and it may or may not be a good one.
Would it be possible or even feasible to hire Harry Markopolos to look into to this since he is the one who blew the lid off the Madoff scandal? The SEC and others did not take him seriously but now what he says carries a lot of weight. I think having him involved with CKMX will scare the sh#t out of them. JMHO. Al should provide Markopolos with the evidence. Markopolos can blow the lid off this, C. Story probablly can not.
Davesaint
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Post by gabbyhayes on Mar 2, 2010 8:51:37 GMT -5
As we speak he is on msnbc..right now talking about Madoff.......
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Post by enoughalready on Mar 2, 2010 9:17:34 GMT -5
I think this is a great idea. I think team CMKX can track him down pretty quickly. he has to have some valuable insight for us to walk away with that will help our case.
Would it be possible or even feasible to hire Harry Markopolos to look into to this since he is the one who blew the lid off the Madoff scandal?
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Post by gabbyhayes on Mar 2, 2010 10:21:18 GMT -5
We should...imo..at least try...nothing ventured..nothing gained.....
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