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User Info Welcome To The USSA in forum [Market-Ticker]
Krisb
Posts: 170
Incept: 2008-05-04
Green
Vancouver BC. Canada
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This is Fascism at its best. Where were these SEC criminals in the Spring of 2007 when longs were spreading false rumours and pumping up indices?
Krisb
Posts: 170
Incept: 2008-05-04
Green
Vancouver BC. Canada
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This is the link for the previous comment:

http://www.bloomberg.com/apps/news?pid=2....


"SEC Pushes Hedge Fund Oath in Manipulation Probe (Update1)
By David Scheer

Sept. 20 (Bloomberg) -- The U.S. Securities and Exchange Commission, seeking to jumpstart a hunt for suspected manipulation of financial stocks, will require hedge fund managers, brokerages and institutional investors to describe under oath their bets on the firms.

Investors with ``significant'' trades in the companies' securities or credit default swaps must disclose their positions and provide ``certain other information'' in written statements, the regulator said yesterday. SEC spokesman John Nester declined to say"
Jparks
Posts: 490
Incept: 2008-04-07
Green
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Invest for the long term. Stocks always outpace inflation, blah blah. I used to believe that ****!!

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"We used to be a country that made ****. Now, we just have our hand in everybody else's pocket." Sobatka, The Wire.
Bluntfacts
Posts: 693
Incept: 2007-10-09

Las Vegas, Nevada
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In previous comments, Krisb said:

"This is Fascism at its best. Where were these SEC criminals in the Spring of 2007 when longs were spreading false rumours and pumping up indices?"

"This is the link for the previous comment:

http://www.bloomberg.com/apps/news?pid=2....

Okay. I think you sort of missed an opportunity to MAKE SURE readers note the linked article is dated TODAY 9/20/08.

Let's just quote PART of the article, in compliance with current copyright laws.

Sept. 20 (Bloomberg) -- The U.S. Securities and Exchange Commission, seeking to jumpstart a hunt for suspected manipulation of financial stocks, will require hedge fund managers, brokerages and institutional investors to describe under oath their bets on the firms.

Hmm..
"hunt"
"oath"
That could a problem for those not willing to cut a plea deal.

To Karl:

You were 100% right on your comments re: "targets". But...it's not going to be the financial firms most of us know. It WILL BE firms most people have never heard of.

Even better, "their team" is going to invoke HOMELAND SECURITY. So to all readers that understand "bread and circuses", you are not going believe the next 90 days. And...no admission charge.




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"Will someone come on TV and tell the truth about how bad it is". Jim Cramer August 2007.
"We can change the focus to a soft blur; or sharpen it to crystal clarity" The Outer Limits 1964.
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