Biggest commercial fraud in history, and the history of it being
set up. The REG SHO numbers are listed after it:
SEC repeals short uptick rule in summer 2007, knowing that the
housing crisis is coming (default increases started in jan 2007),
which allows the shorts to pile on to exacerbate the crisis. This
was likely done to allow stock prices to be driven to artifical
lows, to allow those who counterfeited stocks by shorting them at
high price levels to be able to cover them at artifically low
fractions of their original prices, thereby committing the biggest
commerical fraud in world history (billions or trillions of dollars
stolen from society as a whole), and thereby allowing the REG SHO
list to be almost emptied out, removing the cause of the public
outcry!
Fall 2007: SEC eliminated their rule which had grandfathered the
counterfeit short positions in existence prior to the REG SHO rule,
meaning counterfeiters now have to cover coutnerfeit positions in
existence before the 2005 rule started. SEC doesn't mind forcing
them to do this...after all, they are covering at artifically low
prices...and this will allow the SEC to say they didn't let te
criminals off the hook since they didn't grandfather them!
Spring-Fall 2008: Hedgefunds create false rumors, and sell tons of
counterfeit shares, and all conspire and pile on at once due to the
removal of the uptick rule, to CREATE a crisis in share price of
several investment banks, bringing the panic to the overall market
(DOW drops from 12,000 to 7,700) , causing everyday americans to
panic and sell their positions at huge losses, and many of those
americans were selling TO THE VERY SAME COUNTEFEIT HEDGE FUNDS THAT
WERE COVERING THE POSITIONS THAT HAD ROBBED THOSE VERY AMERICANS!
The perfect crime. Translation: Eg. Criminals sell counterfeit
shares at, say, $100 per share. After the steps taken above, share
price falls to $25. The american who was robbed by the
counterfeiters who sold short at $100 and drove it down to $25 now
panics himself and sells his shares at $25, and the person buying
it from him is the very hedge fund who illegally sold it at $100,
now buying and at the raped price of only $25 per share!
July 24, 2008:
145 companies on NYSE list
http://www.nyse.com/regulation/memberorg...
October 24, 2008:
Only 12 on list?!?!?!
http://www.nyse.com/regulation/memberorg...
Nasdaq:
July 24:
http://www.nasdaqtrader.com/dynamic/symd...
348 companies being counterfeitd:
October 24:
http://www.nasdaqtrader.com/dynamic/symd...
Reduced to ONLY 83
How did this happen? How could covering occur without prices going
way up? Because covering occurred at artifically low levels....due
to the SEC allowing the removal of the uptick rule, so shorts could
pile on. Biggest commerical fraud in world history.
TAXPAYERS AND INVESTORS HAVE BEEN SCAMMED
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