Investing 101 - Jan 11, 2005 - Printable Version
- Feeding the Stock Market Beast
by Mark Faulk In a recent article on The Faulking Truth, Dave Patch tells the strange story of the OTCBB market, about how over 500 OTCBB companies that were on the preliminary list of heavily shorted stocks suddenly disappeared from the SEC's "official" list posted only three weeks later. That's right, the OTCBB stocks, the companies historically called the riskiest and worst regulated in the entire stock market, are suddenly the model of an efficient market. Only 28 companies out of nearly 3,200 total companies from the OTCBB made the list, compared to four times that number for the NASDAQ. For the uninitiated, that means that according to the SEC, the heavily regulated exchange, the NASDAQ, is more corrupt than the OTCBB exchange, which most brokers and the SEC themselves consider the Wild West of the stock market.
How can that possibly be true? The answer is simple, it's not true. In my opinion, the SEC is merely tossing a bone to the countless investors who have been screwed by the naked short sellers, the offshore lenders, and even by corrupt OTC companies themselves. Let's face it, when there is money involved, and when the system itself invites corruption, the crooks will walk through the open door and make themselves at home, and they won't leave until the last piece of furniture, the last jewelry, and the last last silver candlestick is stolen.
In my opinion, the OTC companies are being fed to the wolves, and the SEC hopes that by making a public show of listing companies from the major exchanges on the "Threshold Exchange List", that investors will simply say "problem solved" and move on, while the major issues are swept under the rug. They want to bar the door after the house has been stripped bare. And in the case of the OTC stocks, they're leaving the doors hanging wide open and unguarded.
But that's only the beginning, In February, the Bush Administration will unveil their Social Security plan that will pump hundreds of billions of additional dollars into the stock market. This is an excerpt from a January 9th Chicago Tribune article entitled "Investment Pros see Bonanza - Social Security Proposal Would add Billions to Investments and Fees":
"The prospect of 100 million Americans each having $1,000 of their Social Security contributions to invest every year has investment professionals salivating at the potential financial bonanza.
About $100 billion a year would be freed up for stocks, bonds and other investments under a tentative plan President Bush has floated to fix the Social Security retirement system by creating private investment accounts.
The fees paid to brokers and money managers could run into the billions.
President Bush is expected to unveil the plan in late February, with administration officials eyeing investment accounts that would hold two-thirds of workers' annual payroll taxes.
'The potential for investment firms has to be mouthwatering,' said Michael Falk, chief investment officer with Chicago-based Promenade LOC, which helps workers manage their employer-sponsored 401(key) accounts. 'We're talking about billions of dollars.'"
That's right, the same brokers, dealers, and regulators who at the very least have sat idly by while you have been robbed blind, and many of whom have backed the truck up to your front door while the crooks loaded up your valuables, now want to invest your retirement money for you. They've bled the small investor dry, and they need new blood. Does anyone here remember the huge losses of only a few years ago, of investors losing everything because of a corrupt market, and because the SEC failed in it's duty to "protect investors and maintain the integrity of the securities market"? Well, guess what? These same investment firms have pumped millions of dollars into Bush and other Republican leaders campaign funds. Surprise, surprise. The rules of the game may have been tweaked a bit, but the players are the same, and so is the outcome.
There is only one solution to this blatant disregard for the American investor. This scandal must see the light of day! Now more than ever, this issue needs to be heard by America, covered by the major media, and Congress needs to investigate the entire stock market. Until the stock market is cleaned up, your money is at risk, and if the Bush Administration decides to pump hundreds of billions of additional dollars into the market, then that money is at risk as well. It's time for our representatives to represent those who elected them, and to do the right thing for America!
Read the just posted article "Regulation SHO’s Threshold Lists Leave More Questions than Answers" at http://www.faulkingtruth.com/Articles/Investing101/1016.html . If you haven't already signed the petition at http://www.investigatethesec.com/ , do it now.
Add your name to our "Stockgate activist list" at info@faulkingtruth.com. We will email you only when we have new articles or information dealing with this issue. Please link the articles everywhere you can, post them on stock message boards, and send them to the appropriate public entities. To enact positive change requires positive action.
Voice your opinion on our message board (you don't have to sign up to post).
Investing 101 Archives:
Financial Terrorism in America (Mark Faulk, Mar 19, 2004)
Pump and Dump or Short and Distort? (Mark Faulk, Apr 18, 2004)
Response From Berliner Freiverkehr and The Berlin-Bremen Stock Exchange (The Faulking Truth, Jun 3, 2004)
The Berlin Connection? SEC and NASD to Meet With German Brokerage Firm Tomorrow (Mark Faulk, Jun 3, 2004)
Is Dateline Losing Credibility Over StockGate Story Delays? (Mark Faulk, Jun 11, 2004)
Who's Looking Out For You? SEC Critics Seeking Investigation (Mark Faulk, Jun 27, 2004)
He Said, She Said: SEC, NASD At Odds Over Status of Proposal (Mark Faulk, Aug 5, 2004)
The Berlin Connection: 250 Companies Out (And Counting) (Mark Faulk, Aug 30, 2004)
Jag Media Case Dismissed by Judge, Citing Filing Deficiencies (Dave Patch, Sep 9, 2004)
A Twelve Step Program to Clean up the OTC Stock Market (Mark Faulk, Sep 14, 2004)
Is Time Running Short in StockGate Scandal? (Mark Faulk, Oct 5, 2004)
Dateline: The Waiting is the Hardest Part (Mark Faulk, Nov 16, 2004)
Death of an Investment Class (Dave Patch, Dec 30, 2004)
Elgindy Trial Illustrates Incompetence at the Federal Levels (Dave Patch, Jan 4, 2005)
The Year of the Investor (Mark Faulk, Jan 5, 2005)
Regulation SHO’s Threshold Lists Leave More Questions than Answers (Dave Patch, Jan 11, 2005)
Feeding the Stock Market Beast (Mark Faulk, Jan 11, 2005)
Economic Corruption US Style (Joel S. Hirschhorn, Feb 27, 2005)
Stockgate Goes to Congress (Mark Faulk, Mar 10, 2005)
The Old Shell Game (Bob O'Brien, Mar 25, 2005)
FINALLY! Dateline to Air Stockgate Segment April 10th (Mark Faulk, Mar 28, 2005)
Dateline Stockgate Update: POSTPONED YET AGAIN! (Mark Faulk, Apr 6, 2005)
Time to Boycott GE, Dateline, and NBC? (Mark Faulk, Apr 6, 2005)
Pink Sheets CEO Calls for Reform in OTC Stock Market (Mark Faulk, May 2, 2005)
National Counterfeit Conspiracy Days, June 6th and 7th! (Mark Faulk, May 15, 2005)
Ninety-Four Trade Days and Counting (Dave Patch, May 25, 2005)
Stockgate: Turning up the Heat (Mark Faulk, May 31, 2005)
Stockgate: Donaldson out......Cox in (Mark Faulk, Jun 2, 2005)
SEC's Donaldson out, Cox in: One Step Forward, Two Steps Back (Mark Faulk, Jun 13, 2005)
President Bush’s Social Security Agenda - Steal your Money the Easy Way (Dave Patch, Jun 17, 2005)
Global Links Corp: The Real Story (Mark Faulk, Jun 26, 2005)
Forget SEC "Regulations".... This is Good Old-Fashioned Fraud (Mark Faulk, Jul 13, 2005)
Common Cause Joins Fight to "Stop Corporate Takeover of the SEC" (Mark Faulk, Jul 22, 2005)
Dateline Stockgate: We're on, we're off, we're on, we're off.....WE'RE ON AGAIN: July 31st!!! (Mark Faulk, Jul 25, 2005)
Dateline to Air Stockgate Segment in 2-Hour Show, Sunday, July 31st (Mark Faulk, Jul 29, 2005)
From Dateline to Overstock....The Plot Thickens (Mark Faulk, Aug 16, 2005)
Congress Sells America Short (Mark Faulk, Sep 20, 2005)
Stockgate: The Big Picture (Mark Faulk, Oct 10, 2005)
Stockgate: Rallying the Troops (Mark Faulk, Oct 16, 2005)
The $10.5 Billion REFCO Smoking Gun? (Bob O'Brien, Oct 23, 2005)
We Definitely Aren't in Kansas Anymore - Fraud Wall Street Style (Bob O'Brien, Nov 3, 2005)
Start Spreading the News: Stockgate Goes Nationwide (Mark Faulk, Nov 8, 2005)
Stockgate: "Can We Talk?" (Mark Faulk, Nov 27, 2005)
It's Money That Matters (Mark Faulk, Dec 11, 2005)
Regulation SHO; Results Leave Questions More than Answers (Dave Patch, Dec 29, 2005)
Faulking Truth Editor to Write CMKX Story (The Faulking Truth, Jan 5, 2006)
It Takes an Army (Mark Faulk, Jan 11, 2006)
The Circle of Greed: The Only Bull in this Stock Market is a Cash Cow (Mark Faulk, Jan 17, 2006)
A Silent Lynch Mob - An Open Letter From Rod Young (Rodney Young, Feb 2, 2006)
The Circle of Greed: A Voice in the Wilderness (Mark Faulk, Feb 13, 2006)
The Circle of Greed: Who Wants to be a Congressman? (Mark Faulk, Feb 26, 2006)
Freedom of the Press? (Mark Faulk, Mar 12, 2006)
The Parallel Universe of the DTCC: “Bits and bytes in book-entry form.” (Mark Faulk, Mar 24, 2006)
Finally...the Truth About Patrick Byrne (An open letter to Colin Kelly, Jr.) (Mark Faulk, Apr 19, 2006)
Faulking Truth recommends abolishing the SEC (Mark Faulk, Apr 27, 2006)
The Circle of Greed: The Cloak of Invisibility (Mark Faulk, May 25, 2006)
The CMKX Story: When Too Much Isn’t Enough (Mark Faulk, Jun 1, 2006)
The Circle of Greed: "Let us Prey" (Mark Faulk, Jun 9, 2006)
The Keystone Cops meet the Gang that Couldn’t Shoot Straight (Mark Faulk, Jun 24, 2006)
Once Honesty is gone, Eliminating Integrity is easy (Mark Faulk, Jul 7, 2006)
"The Naked Truth: Counterfeiting the American Dream" Questions and Answers (Mark Faulk, Jul 27, 2006)
World’s Largest Plasma TV: Priceless…For everything else, there’s Sharesleuth.com (Mark Faulk, Aug 11, 2006)
A FAIL IS A FAIL IS A FAIL!!! (Mark Faulk, Aug 31, 2006)
A Question and Answer Session about CMKX and Stock Market Fraud (Mark Faulk, Sep 15, 2006)
The Return of the Lying Liars (Mark Faulk, Sep 20, 2006)
Naked, Short, & Greedy (Mark Faulk, Oct 11, 2006)
Vote (Patrick Byrne) for (Overstock.com) CEO of the Year (Mark Faulk, Oct 23, 2006)
ENOUGH IS ENOUGH! (Mark Faulk, Nov 5, 2006)
"You and I are not in the Big Club" (George Carlin (Forward by Mark Faulk), Jan 18, 2007)
The Fall of the SEC (Mark Faulk, Feb 2, 2007)
Bloomberg to tell the story that Dateline didn't (Mark Faulk, Mar 12, 2007)
Wall St. vs. Main Street (Mark Faulk, March 25, 2007)
Oklahoma Passes Landmark Stock Market Reform Law (Mark Faulk, April 25, 2007)
The SEC Official Party Line to Stock Market Fraud (Mark Faulk, May 10, 2007)
The Circle of Greed: Watching Rome Burn (Mark Faulk, June 18, 2007)
Sen. Bennett Renews Call for Hearing into Stock Market Fraud (Mark Faulk, July 21, 2007)
FIRE!!! (Please Leave the Building in an Orderly Fashion) (Mark Faulk, Aug. 9, 2007)
This Bird has Flown - Convicted Stock Swindler Nowhere to be Found (Mark Faulk, Sept 18, 2007)
The Naked Truth: Investing in the Stock Play of a Lifetime (From Chapter 31 - Revelations) (Mark Faulk, Feb 18, 2008)
Better Late Than Never…SEC Files Charges in CMKX Case (Mark Faulk, Apr 8, 2008)
|
|
|
