September 12, 2007
let's cut to the chase and say what naked shorting really is.. it's counterfeiting securities of the United Sates of America. To be selling shares with no actual shares to back up the selling of a stock at all, and with off shore hedge funds selling stocks at will and even some in this country, the USA, should be punished with what the US Constuition says in Article 1, Section 8.. and it states..
To provide for the Punishment of counterfeiting the Securities and current Coin of the United States and which brings in title 18 of the US Code for Criminal and procedure..
Sec. 513. - Securities of the States and private entities
(a)
Whoever makes, utters or possesses a counterfeited security of a State or a political subdivision thereof or of an organization, or whoever makes, utters or possesses a forged security of a State or political subdivision thereof or of an organization, with intent to deceive another person, organization, or government shall be fined under this title 1 or imprisoned for not more than ten years, or both.
(b)
Whoever makes, receives, possesses, sells or otherwise transfers an implement designed for or particularly suited for making a counterfeit or forged security with the intent that it be so used shall be punished by a fine under this title or by imprisonment for not more than ten years, or both.
(c)
For purposes of this section -
(1)
the term ''counterfeited'' means a document that purports to be genuine but is not, because it has been falsely made or manufactured in its entirety
(2)
the term ''forged'' means a document that purports to be genuine but is not because it has been falsely altered, completed, signed, or endorsed, or contains a false addition thereto or insertion therein, or is a combination of parts of two or more genuine documents
(3)
the term ''security'' means -
(A)
a note, stock certificate, treasury stock certificate, bond, treasury bond, debenture, certificate of deposit, interest coupon, bill, check, draft, warrant, debit instrument as defined in section 916(c) of the Electronic Fund Transfer Act, money order, traveler's check, letter of credit, warehouse receipt, negotiable bill of lading, evidence of indebtedness, certificate of interest in or participation in any profit-sharing agreement, collateral-trust certificate, pre-reorganization certificate of subscription, transferable share, investment contract, voting trust certificate, or certificate of interest in tangible or intangible property
(B)
an instrument evidencing ownership of goods, wares, or merchandise
(C)
any other written instrument commonly known as a security
(D)
a certificate of interest in, certificate of participation in, certificate for, receipt for, or warrant or option or other right to subscribe to or purchase, any of the foregoing or
(E)
a blank form of any of the foregoing
(4)
the term ''organization'' means a legal entity, other than a government, established or organized for any purpose, and includes a corporation, company, association, firm, partnership, joint stock company, foundation, institution, society, union, or any other association of persons which operates in or the activities of which affect interstate or foreign commerce and
(5)
the term ''State'' includes a State of the United States, the District of Columbia, Puerto Rico, Guam, the Virgin Islands, and any other territory or possession of the United States A security I was invested in was in the trillions of shares that were made up out of thin air, reminds me of the Federal reserve, they make money out of thin air.. nothing is backing it up.. now...
all who naked shorted must cover that security or face counterfeiting charges and the consequences of title 18..
all those who are opposed to naked shorting, just what are you trying to hide and cover up? do you enjoy raping america and her investors, and since we are a world wide market, do you enjoy raping the worlds investors?
what are you trying to hide.