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NIPC Petition Now Up At SEC Site, Comments Needed

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Posted by:   bobo 4/9/2008 3:34 PM

The NIPC Petition is now loaded and up at the SEC site. You can view it here:

http://sec.gov/rules/petitions.shtml

We need everyone to now write comment letters in support of the petition. Please take out some time and circulate this info to everyone you can think of who is interested in the issue. Post the info on every chat room and message board you can think of. We need to get it some traction, and the best way to do it is to take a few minutes and show support for NIPC, and for the fix proposed in the petition. The SEC can't just pretend that there are rules allowing it to authorize brokers to unofficially break federal securities laws every day. This needs to stop now, and the mechanism to stop it is to get mobilized, and post a comment. The way to do it is to email them at:

rule-comments@sec.gov 
Re: file 4-557 NIPC Rule Petition - Customer Account Rule

Or via the US Post Office to:

Nancy M. Morris, Secretary Securities and Exchange Commission
100 F Street, NE Washington, DC 20549-0609

Regarding file 4-557, NIPC Rule Petition - Customer Account Rule

Please disseminate this far and wide, and take action. We have created a method to effect a meaningful change and stop the fraud. Now the rest is up to you.

Copyright ©2008 Bob O'Brien
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Comments (26)
Re: NIPC Petition Now Up At SEC Site, Comments Needed By Paul on 4/10/2008 5:44 AM
I noticed that David Patch received an invite to meet with the SEC regarding naked shorts. This is the best time to force the SEC to live up to their responsibility.

SEC Inspector General Considering Audit, Investigation on Naked Shorting

SEC Inspector General Considering Audit, Investigation on Naked Shorting
Posted April 07, 2008 10:15AM PST
The inspector general of the Securities and Exchange Commission is considering an audit or investigations relating to the SEC's past handling of complaints involving naked short selling of stock.

Inspector General David Kotz met March 26 with David Patch, founder of the web site www.investigatethesec.com and a well-known advocate against naked short selling. Kotz said April 7 that he is considering what action is warranted on the issue. Possibilities include an audit or investigations. An audit is a broad look at the SEC's practices in a particular area, while investigations focus on specific allegations of wrongdoing by SEC staff.

"We're looking at the information Mr. Patch provided us," Kotz said. Naked short selling "is definitely a matter of great concern to a lot of people."

An official from the Government Accountability Office also attended the meeting with Kotz and his staff, Patch said. GAO officials couldn't immediately be reached to comment.

Naked short selling is the practice of selling a stock short without borrowing or delivering the shares sold. Patch and others argue that the practice has diluted the values of some stocks, and particularly of small cap companies, by putting thousands of "phantom shares" into circulation. Critics of the SEC say that it hasn't aggressively moved against naked short sellers.

Read this story and more at DealFlowMedia.com
Re: NIPC Petition Now Up At SEC Site, Comments Needed By bobo on 4/10/2008 5:48 AM
"Naked short selling "is definitely a matter of great concern to a lot of people."

Just not us at the SEC. We have been working for years to figure out how to keep allowing it to happen, as the whole system is now predicated on a sham, and if we stop the sham, the system will collapse.

I wish Dave huge success with this. As our petition sort of shows, the SEC has had to bend over backwards to create an environment where they can appear to be regulating, and yet in fact endorse the regular violation of securities laws. For that reason, I can tell you that I have zero faith in the SEC doing anything. IF they had wanted to, they could have at any point in the last decade. We've seen the result of their choices - elimination of 70 year old protections, sham rules like grandfathering, and endless delays to anything of substance.

What a crock.
Re: NIPC Petition Now Up At SEC Site, Comments Needed By amero on 4/11/2008 8:39 AM
http://www.youtube.com/watch?v=vuBo4E77ZXo
Re: NIPC Petition Now Up At SEC Site, Comments Needed By debtweb on 4/11/2008 8:39 AM
http://www.webofdebt.com/articles/derivative-disaster.php
Re: NIPC Petition Now Up At SEC Site, Comments Needed By kevin on 4/11/2008 8:39 AM
I applaud the effort, but petitions have been useless. How hard is it for them to ignore our petitions as they shove it to Joe(anne) Mainstreet?

http://www.boston.com/news/local/vermont/articles/2008/04/01/nrc_takes_32_years_to_respond_to_petition_on_radiation/

As long as the average person doesn't realize they are being screwed, we won't get very far.
Re: NIPC Petition Now Up At SEC Site, Comments Needed By bobo on 4/11/2008 8:41 AM
Kevin: The difference is that this one is on the website, it sites specific violations of securities laws occuring due to the SEC's current stance, and there is a non-profit organization behind it who can take the petition and its allegations to the courts, if there is no redress from the SEC.
Re: NIPC Petition Now Up At SEC Site, Comments Needed By davidn on 4/11/2008 6:08 PM
Whoever drafted the petition did a really good job. It is compelling in language anyone can understand.
A persistent image By honkytonker on 4/11/2008 6:08 PM
Can't get it out of my head: a guillotine set up in in the Mall and put to work, perhaps with Mary Helburn as Madame Defarge knitting a new sweater as the blade rises and falls, the tumbrels rolling across the grass, filled with "regulators" and executives from the "financial services" industry.......
Re: NIPC Petition Now Up At SEC Site, Comments Needed By bobo on 4/11/2008 6:17 PM
davidn: That's largely Tommy's work, and we owe him a tremendous debt of gratitude for putting in the work to draft it. The essential point, that the SEC hasn't got the authority to allow brokers to use the UCC after T+3 to redefine securities (and thus obviating the settlement cycle, as well as violating a host of federal securities laws) as the SEC never proposed that vacation from the rule of law for brokers as a formal rule, is impossible to argue. There is no rule or law allowing or authorizing brokers to replace the 33 and 34 Acts' edicts with the UCC, after T+3. And for good reason.

That this sleight of hand has gone on as long as it has should tell you all you need to know about the SEC's role in protecting investors. Just as Cox killed the subpoenas that would have shown who was colluding with hedge funds to manipulate stock prices, just as the SEC slipped in the Grandfather provision without any comment, just as the SEC won't go after those with Juice, just as they have stalled any meaningful action on the Market Maker provision....

It's as though you have to hit the financial press in the head with a brick to get them to acknowledge how broken this all is. But now, the NIPC petition spells out, in plain language, the unauthorized sneakiness that the SEC has used to bypass the law for Wall Street. So now, it needs to either propose a rule formalizing that vacation from the law it has been extending to brokers, or it needs to eliminate the lawlessness.

Which do you think it will do? I almost hope it just ignores it, as that sets the stage for it to be addressed via the courts, in a venue where it cannot just wave it away.
Re: NIPC Petition Now Up At SEC Site, Comments Needed By mhelburn on 4/12/2008 4:32 PM
Honkeytonk... don't have one of those knit stocking caps.. would a Cat in the Hat chapeau suffice?

Bobo, the editor should take a bow.

There is an article about the Keating 5 being sent around. Perhaps the SEC has opted to use their type of meeting format. Let us not forget the who's who of this wunderwerk... http://www.nndb.com/people/914/000023845/

He was cozy with savings and loan swindler Charles Keating, taking more than $100,000 in campaign contributions from Keating. What Keating received in return from McCain was never specifically nailed down, but McCain was admonished by the Senate Ethics Committee for showing "poor judgment." McCain used his own ethical problems to recreate his image by calling for campaign finance reform, co-sponsoring the popular if somewhat toothless McCain-Feingold Campaign Reform Act of 2002. (This was when $100K was real money....)

Then we have Whitewater.....

Could you contract someone for stocking caps? sell them at thesanitycheck? I think it would be a big money maker... but of course, they would have to be made in China because all our mills have been turned into condos, whose owners are in foreclosure.
Re: NIPC Petition Now Up At SEC Site, Comments Needed By bbhindyou on 4/13/2008 2:55 PM
Tommy, Great job!
Hands clapping ,hooting and a standing ovation!
Now is the time to worry because this clearly has cornered the rats.
Where can they run now?
Rabid crazy animals are dangerous.
Watch yourself and be careful.
Thank you for all your work I appreciate it,
bbhindyou.
Re: NIPC Petition Now Up At SEC Site, Comments Needed By tommytoyz on 4/13/2008 2:55 PM
When we started sending out FOIA requests to the SEC in order to get the FTD numbers, they stalled us and refused to give out anything at all at first - until challenged. One of the reasons given for the initial refusal, was that the FTD data would disclose proprietary trade info.

This type of statement and the SEC's other actions clearly shows the SEC intent on wanting to lend legitimacy to naked short selling and everything that flows from that.........
Re: NIPC Petition Now Up At SEC Site, Comments Needed By bbhindyou on 4/14/2008 12:41 PM
Tommy,
I know you have a lot to do and you have done so much I hesitate to ask for more but I must point your clever mind toward a problem I see growing.
The disclosure recently that the federal reserve is going to be givin 'oversight' into the investment and INSURANCE markets has me interested in where the rat may run.
I fear the last big peice of cheese out there may be the funds held by insurers.
Is there a way to remove the cheese from the fat rats reach?
If nothing else could we set up a system to show the rat to all as he goes for it?
The little people who pay and pay to have a safety net for a rainy day are about to be left doing the daily high wire act without the net.
Perhaps we could use the net to trap rats.
I have no further suggestions as I know anything I could come up with could never be as clever as what you, left to your own devices , will come up with!
Thank you thank you thank you for everything,
bbhindyou.
Re: NIPC Petition Now Up At SEC Site, Comments Needed By Darrenknows on 4/14/2008 12:42 PM
New Blogg item by Darren Saunders on his web site.

http://financial101.blogspot.com/
Sunday, April 13, 2008
We found ANOTHER Ameriican HERO-Part 3
Good morning Brooklyn
and
Good morning World
--------------------------

We VERY rarely in life meet people you genuinally feel GREAT respect for.I feel this respect
after watchingMoneyTV's show on naked short selling. This CEO sure looks tired but he continues
this decades long battle against Worldwide dream killers. I will no longer use the term "American
Dream" because this truly has become a WORLDWIDE issue. Just think of how many dreams
have been DESTROYED because of the GREED of a small few ?

This show is about 34 minutes long. PLEASE pay attention. Most importantly look at the
pain in this man's face. I 'am sure in todays world you can associate with this man's pain.
Whether you own his stock or not,see his pain.

http://www.usxp.com/nss/richardaltomarenss.wmv
Re: NIPC Petition Now Up At SEC Site, Comments Needed By kevin on 4/14/2008 7:25 PM
The most brilliant banking model in our national history was established in the first half of the eighteenth century, in Benjamin Franklin’s home province of Pennsylvania. The local government created its own bank, which issued money and lent it to farmers at a modest interest. The provincial government created enough extra money to cover the interest not created in the original loans, spending it into the economy on public services. The bank was publicly owned, and the bankers it employed were public servants. The interest generated on its loans was sufficient to fund the government without taxes; and because the newly issued money came back to the government, the result was not inflationary.iii The Pennsylvania banking scheme was a sensible and highly workable system that was a product of American ingenuity but that never got a chance to prove itself after the colonies became a nation. It was an ironic twist, since according to Benjamin Franklin and others, restoring the power to create their own currency was a chief reason the colonists fought for independence. The bankers’ money-creating machine has had two centuries of empirical testing and has proven to be a failure. It is time the sovereign right to create money is taken from a private banking elite and restored to the American people to whom it properly belongs.

http://www.opednews.com/articles/genera_ellen_br_080410_credit_default_swaps.htm
Re: NIPC Petition Now Up At SEC Site, Comments Needed By Failing to deliver on 4/14/2008 7:26 PM
Thanks for doing this TommyToyz!

I do see some technical problems, though, even if the rule is adopted as much of this is outside of the SEC's jurisdiction and when stock is held in fungible mass, it isn't possible to tie it directly to an investor trade:

1. Everything in electronic form is an entitlement as the only one actually holding a security registered at the company transfer agent is Cede & Co. DTC participants have direct claims on this security. Brokerages have claims on the DTC participants and investors have claims on their brokerages.

The only thing that trades day to day is an entitlement.

The bulk of the IOU's are likely hidden in third parties DTC member accounts, so the end brokerage and SEC may not be aware that they only have entitlements in their account.

2. What the SEC calls a trade is the one time per day net trade between DTC members (clearing houses) and the NSCC or X-Clearing trades between participants. When they use the word trade, they aren't referring to the trades that are made by investors. That's why their fail numbers are so out of whack with reality.

3. Brokerages typically are not parties to the trade and the organizations that clear the trade are only partially regulated by the SEC. From the point of view of the SEC, the buyer or seller is the DTC market participant that does a daily net trade, not the brokerage or end customer.

Some brokerages are NASD members and are regulated by the NASD. Others, outside America are regulated by foreign bodies. It is not accurate to think the SEC regulates customer accounts at brokerages that may or may not be under American jurisdiction.

4. Some obligations are legally netted with contracts from one prime brokerage to another (repo agreements, etc.) Others are hidden by clearing organizations not regulated directly by the SEC. To see how the obligations are hidden at the level of a participant, look at a bankruptcy of MJK Clearing. It failed Sept. 11 2001 because of Adnan Khasshoggi (friend to presidents and international arms dealers), yet it didn't make the mainstream news.

http://www.sipc.org/pdf/SIPC_fitch.pdf
http://www.sipc.org/pdf/SIPC_dt.PDF

The problem is trying to tie an investor to the T+3 settlement. The investor is typically not party to the settlement as what we call a trade during the trading day is not the real trade. The real trade happens only once each day. Only the depository market participant is party to the trade. Unless it is x-clearing, the NSCC is always the counterparty to the trade.

This is an important concept.

Monday:

Joe buys 1500 shares IBM
Sally sells 2000 shares IBM
Debby buys 3000 shares IBM

Summary: Brokerage A buys 2500 shares from the NSCC

Tuesday:

George sells 4000 shares IBM
Gail buys 1500 shares IBM

Summary: Brokerage A sells 2500 shares IBM to the NSCC


As you can see, the trading from Monday and Tuesday net to zero and under the continuous net settlement system, this up and down is hoped to average to zero over time so most securities don't need to be moved as long as there is slack in the system.

Where it gets more complicated is not only are customers not parties to the trade, but most brokerages are not party to the trade. Over 90% of US brokerages are not DTC members. They clear through third party clearing brokerages.

So you can now get something like:

Brokerage A net buys 5000 shares IBM
Brokerage B net sells 5000 shares IBM

Nets to zero, there is no trade from Clearinghouse to NSCC.

Since their internal trades aren't monitored, who is able to say whether that clearing brokerage is
being honest?
Re: NIPC Petition Now Up At SEC Site, Comments Needed By Failing to deliver on 4/14/2008 7:32 PM
These guys cleared for 175,000 CUSTOMERS!!! and it didn't make the news when they failed on Sept. 11, 2001.

Go to the section on stock lending. The explanation, including the relaxing of regulation T in 1996 that led to the current explosion in fails is very illuminating.

What if we could go back to a regulatory regime and rules when fails weren't such a problem?

http://www.sipc.org/pdf/SIPC_dt.PDF

This link shows how the system failed those 175,000 customers.
Re: NIPC Petition Now Up At SEC Site, Comments Needed By Jacqulyn Hooper/IDAHO on 4/15/2008 2:00 PM
NSS is a thing that happened without legal consent and went on for so long that market makers began to think it is OK. Raping the public invester. All at the same time that their were laws forbiding it. So they changed the laws, added the grandfather Clause, just in case they needed it. Where was the SEC? Where is the SEC now? It is all out now ,so let us see what the SEC does to make it right with the investers who were the victems of the wrong doing of the NSS. their are also laws or rules to take care of that too.Lets see if they use them. They have not used the rules and laws so far, so why will they use the laws now? Some heads should roll!!! Whom ever or all those calling the shots should go down. IMO
Re: NIPC Petition Now Up At SEC Site, Comments Needed By tommytoyz on 4/15/2008 2:00 PM
It is wrong to think that what is in customer accounts past T+3 is merely an entitlement. Where is "security" defined that way in federal securities laws? It's not. An entitlements credited to customer accounts is only good within the settlement cycle, or within T+3. The settlement cycle makes room for that. But outside of the settlement cycle any "securities" credited to customer accounts have to be as defined in federal laws - and that excludes mere entitlements.

Do not buy the SEC explanation for anything without looking up the federal laws and seeing if what they are saying is correct.

If the trade goes through the NSCC and there is a fail, there will be and FTD and FTR issued by the NSCC, so that would be known and the trade can be canceled. If it goes ex-clearing, the buying broker would also know if there is no delivery, unless the selling broker is making a misrepresentation.

If the selling broker says he has it when he doesn't, then he is deliberately defrauding the buying broker and could be liable.

That's why 10b-21 should not be adopted
Re: NIPC Petition Now Up At SEC Site, Comments Needed By Failing to Deliver on 4/16/2008 6:39 AM
Hey TommyToyz,

I hope you don't think I am taking anything away from the petition. I'll be supporting it. My concern is the snakes slither through rules by using loopholes and imprecise language. When they say "trade", they mean something different than when an investor says "trade".

The local brokerage can be as much out of the loop on whether there is a real share there as the investor is. All the local brokerage knows is they have a trust agreement with their custodian. All the custodian knows is they have a trust agreement with their depository.

What I mean is the only real security is the one that is evidenced on the books of the company transfer agent. Everything else is a claim on that real security. Sales of these claims are what create activity on the tape.

In most cases, the biggest shareholder on the company shareholder list will be a company Cede & Co. of Bowling Green NY which often owns much more than half the outstanding stock in the company.

This mysterious company is the nominee of the Depository Trust and is the control block in most cases for voting in boards, etc. No one knows who owns it and no one checks to make sure it votes the way directed, but it appears to be a private partnership dating back to the early 70's.

There is some undisclosed form of agreement between the depository trust and that company, but it isn't explained in the DTC or DTCC annual report. The clearing brokerages and foreign depositories have contractual claims against the DTC. Foreign brokerages have claims on the foreign depositories and the 90% of brokerages that don't clear have claims on the clearing brokerages.

Investors have claims on their own brokerage.

Brokerages "print" investor activity by reporting activity to the tape, but from the point of view of the NSCC, this activity is not trading. There is only one net trade each day for each security, either a single big buy or a single big sell. That trade is between a member of the DTC and the NSCC who acts as intermediary. The NSCC guarantees trades will settle and is ultimately on the hook.

A good way of thinking of it is that only the brokerages on this list

http://tinyurl.com/5oad66

are able to participate in trades and when the SEC talks about trading volume, they are only talking about trading between these members and the NSCC. They are not talking about investor activity.

Everyone else is netted away in contracts and trust agreements with these members.

By looking at recent failures of DTC members, you can see what went wrong and why it never used to go wrong. There were some big rules changes starting in 1996 that avoided the insane leverage of letting the same security be lent to someone who becomes the owner who lends it to someone else who becomes the owner in long daisy chains.

What was the reasoning behind the Federal Reserve relaxing rule T? It's the same reason the subprime leverage has gotten out of control. Leverage, swaps, repos., the derivative market is many times the real economy - Wallstreet is making bets with no real assets to back them. They collect the bonus and let the taxpayer hold the bag through taxes, inflation and devaluation of the currency.

Someone made the decision in the late 90's to let Wallstreet fractionally back stock the same way banks fractionally back deposits. I believe if those rules on leverage were cleaned up we wouldn't have this problem.

My belief is the whole banking system is a bit of a ponsi scheme as the act of borrowing creates money out of thin air, but only the principle is created. Every year, borrowing has to increase to make up for the missing interest. By the late 90's, they ran out of people who wanted to borrow, so they had to invent ever more exotic instruments, even making net interest after inflation negative to continue to print money out of thin air on the backs of the rest of us.

Stock is fractionally backed because the privately owned Federal Reserve and their cronies on Wallstreet want it that way.
Re: NIPC Petition Now Up At SEC Site, Comments Needed By where does your money go? on 4/17/2008 8:19 AM
http://www.nytimes.com/2008/04/16/business/16wall.html?_r=3&hp

One manager, John Paulson, made $3.7 billion last year.
Re: NIPC Petition Now Up At SEC Site, Comments Needed By tommytoyz on 4/17/2008 8:19 AM
The monetary system in this country is a fractional reserve system. In that system, book entry money is created on top of the currency and both are measured in M3. The multiplier effect is also well known and legally sanctioned. The moeny supply is thus controled by regulating the reserve requirement.

The securities market is not a fractional reserve system (at least not per the plain text of the law). However, that's how it is operated with the failing to deliver and maintain the securities for customers in customer accounts.

I agree that if the intermediaries do not tell each other the truth, that we have a problem. We can't fix everything at once. Anyway the petition has prison time as a penalty should they do that.
Re: NIPC Petition Now Up At SEC Site, Comments Needed By Failing on 4/17/2008 1:09 PM
My point is I don't think the typical brokerage is the problem. Their backoffices are pretty good. The problem is at the level of large clearing brokerages and prime brokerages that tell the brokerage that is handling the customer accounts "don't worry, all is fine".

Also, the problem is not tied to the trade as we think of a trade. The SEC's idea of a trade is that one clearing trade that happens each day.

The petition is a good start and I'm thankful and a big supporter of your efforts, which should bring positive results. It must be embarrassing for the SEC to have that on their site. But! The snakes seem to find a way of wriggling past one rule after another.

The banking system was never intended to be fractional on day one. Banks were supposed to be warehouses that took physical custody of real money for a fee and stored it. The warehouse receipts began to trade and they were the first banknotes. Banks realized they could have less in custody than they were supposed to and no one would be the wiser. Soon the king was borrowing banknotes and repaying the loan with real gold coins and the banksters became more powerful than the king.

The same has happened with the prime brokerages. They treat pinksheetcrap co. and IBM as part of a fungible mass where the shares are interchangeable and value is assigned at a mark to market. Then they net everything with each other so they can have less on deposit than they are supposed to.

By the way, according to the DTCC annual report, bonds and other forms of debt securities also fail to deliver. That means that the triple A bond you think you are investing in may not exist.
Re: NIPC Petition Now Up At SEC Site, Comments Needed By tenb5 on 4/17/2008 1:10 PM
Tommy,

I would suggest that with deregulation and repeal of Glass Stegall in theearly 1990s the capital markets became part of the fractional reserve system... Also, there is conflict where you speak of controling money supply when banking institutions can avoid reserve requirements via credit enhancement such as default protection and other arrangements with counterparties like hedge funds. it has become very easy for banking institutions to manage reserve requirements. Additionally, now the Fed is providing the CDO market, in addition to member banks, the opportunity to recollateralize CDOs one could further the arguement the capital markets have become part of the fractional reserve system
Re: NIPC Petition Now Up At SEC Site, Comments Needed By Sean on 4/17/2008 9:16 PM
Sweet Justice FINALLY the FBI SEES SHORTY'S FRAUD!

FBI's Mueller Says Subprime Fraud Probe May Lead to Hedge Funds

By Robert Schmidt

April 17 (Bloomberg) -- FBI Director Robert Mueller said the agency's investigations into the subprime loan meltdown may uncover financial crimes committed by hedge funds and private equity firms.

Federal Bureau of Investigation agents have opened 19 criminal probes of companies in connection with the lending crisis, focusing on accounting fraud, insider trading and allegations of deceptive sales practices. Mueller, speaking today to an American Bar Association group in Washington, said he expects more to come as housing prices continue to fall.

``These investigations may well lead to other instances of fraud, from investment banks and private equity firms to hedge funds,'' Mueller said. ``We do not take these investigations lightly.''

The collapse in the credit markets has shaken Wall Street and forced people from their homes. Mueller told Congress yesterday that the FBI has seen a ``tremendous surge'' in fraud cases related to subprime loans, which are made to borrowers with poor credit.

Mueller didn't name any companies or hedge funds. A person familiar with the matter has said the FBI is probing Countrywide Financial Corp., the U.S.'s largest mortgage lender, for possible accounting fraud.

On hedge funds and private equity firms, the FBI is primarily looking into potential insider trading by investment managers. The agency is also reviewing whether hedge funds, either on their own or on behalf of investment banks, improperly hid losses on securities tied to subprime loans.

Speaking with reporters after his speech today, Mueller said the bureau is stretched for resources as it works to handle the onslaught of cases. It shifted about 2,000 agents from criminal to terrorism investigations after the Sept. 11 attacks.

Still, Mueller said the agency will be able to combat the mortgage problem.

``We'll put whatever agents onto this as necessary to address it,'' he said.

To contact the reporter on this story: Robert Schmidt in Washington at rschmidt5@bloomberg.net.

Re: NIPC Petition Now Up At SEC Site, Comments Needed By Cinderella on 4/20/2008 9:33 PM
The ordinary person doesn't like being ruled by a king, someone that has done nothing, but like a parasite lives off working people's efforts, but still gets to tell them what to do.

Often a dumb inbred sort, he holds humanity back by his position even without ability.

What if the kings figured out a way to keep the working people in line.

- Control who runs for president. Only king friendly candidates may apply. Ron Paul out. Republicrats always welcome.
- Control the voting process http://www.blackboxvoting.org/
- Control the banking system and regulators
- Control the media

Assassinate those that get in the way.

http://www.john-f-kennedy.net/executiveorder11110.htm

The reason the naked shorting fight is so difficult is we've scared the crap out of the king as he doesn't like to be naked on the internet in front of angry workers with pitchforks.

Guess what, the king is scared crapless. TommyToyz and co. are on the front page of the SEC website. Ten years, no one knew that the debt was owed to the private federal reserve that printed money out of thin air. Now everyone seems to know it.

Like snowflakes gently falling, we are close to that last one that is going to bring a momentus avalance of change.

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