Investing 101 - Mar 12, 2007 - Printable Version
- Bloomberg to tell the story that Dateline didn't
by Mark Faulk UPDATE: Read the update, and see the Bloomberg Report for yourself at:
Bloomberg gets it right…Now, ON TO OKLAHOMA!!!
It’s been almost two years since NBC’s Dateline caved in to corporate and/or political pressure and delayed their own expose’ on naked short selling, or stock counterfeiting, then aired a segment which this reporter described as: “the most irrelevant piece of fluff ever aired in the history of television. It would be the equivalent of spending a year putting together a documentary on the Watergate scandal, and then editing it down to a ten minute piece about Nixon's dog Checkers.”
Now, Bloomberg Television, is airing a half-hour special report that will hopefully cover the issues that Dateline didn’t have the balls to tackle. Entitled “Phantom Shares,” it airs tomorrow, Tuesday, March 13, at 7:00pm, 9:00pm, and 10:00pm EST.
This is how the network describes the groundbreaking event on their website:
Millions of shares of stock are being sold that may not exist. How? Through an obscure trading strategy known as naked short selling. Bloomberg Television's Special Report hosted by Mike Schneider explains what the strategy is, how it's executed, which companies are targets, and what the SEC is trying to do to control it.
This one should be well worth watching, and can be accessed on the internet at:
http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vvwOfsv1ObC0.asf
P.S. I’m working on about 4 different articles about the culture of greed that is destroying our country one investor, one job, one dollar, and one day at a time. I promise I’ll post at least one of those on The Faulking Truth in the next day or so. So cut me some slack already!!!! Reality is hard.
or on my blog at:
http://www.thesanitycheck.com/Blogs/MarkFaulksBlog/tabid/86/Default.aspx
Or even on my MySpace at:
http://www.myspace.com/faulkingtruth
Plus, I have it written on a scrap of paper on my desk if anyone wants to come by and read it here. Call first, and I'll tidy up a bit.
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)
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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)
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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)
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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)
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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 Street vs. Main Street: Part 2-Oklahoma counts down the days (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)
From the ashes: CMKM Diamonds refuses to "just go away" (Mark Faulk, Jul 10, 2008)
Conversations with Robert A. Maheu (Mark Faulk, Aug 21, 2008)
The Goldman Gang (Mark Faulk, Oct 29, 2008)
A Plea for Justice: A Letter to President Obama (Mark Faulk, Jan 24, 2009)
Killing the Goose that Lays the Golden Eggs (Mark Faulk, Mar 12, 2009)
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Conversations with Robert A. Maheu (Mark Faulk, Jan 13, 2010)
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A Blueprint for Corruption (Part 2) (Mark Faulk, Apr 3, 2010)
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