March 27, 2007
HELLO: I AM THOROUGHLY DISAPPOINTED IN YOUR FARSIGHTED APPROACH TO CLEANING UP THE CORRUPTION OF THE STOCK MARKETS.JUST MAYBE YOU SHOULD START WITHIN YOUR OWN RANKS FIRST,FOR THIS BLATANT PROCRASTINATION WITH THE CHANGES FOR REG-SHO IS SHOWING THE WORLD THAT THE GOVERNMENT DOES NOT CARE IN THE LEAST FOR THE AVERAGE INVESTOR.SINCE SEPTEMBER, WHEN I BELIEVE,THE CHANGES WERE FIRST SET TO TAKE FORCE THERE HAS BEEN NO PROGRESS TO STOP THE RAMPANT CORPORATE THEFT OF THE NAKED SHORT SALES CROWD WHO PREY ON INNOCENT COMPANIES DRIVING THIER STOCK PRICE THROUGH THE FLOOR. IF I WERE A SIMPLE OBSERVER I MIGHT NOT HAVE THE EXTREME PASSION THAT I DO TODAY BUT FOR THE FACT THAT I HAVE HAD THOUSANDS OF DOLLARS STOLEN FROM ME IN THE LAST YEAR WHILE YOU WAIT SITTING AROUND IN YOUR PLUSH OFFICES DISCUSSING WAYS TO LET THE THIEVES GO FREE.RIGHT NOW AS WE SPEAK,EQBM (EQUITABLE MINING :OTC)IS BEING RAPED TO DEATH,FIRST WITH A FAULTY SUSPENSION BASED ON NO FACT WHATSOEVER ONLY TO OPEN ON THE GREY MARKET AND HAVE IT'S SHARE PRICE REDUCED 98%...HOW'S THAT FOR THIEVERY??ALSO,GBJT AND MANY OTHERS LIKE OVERSTOCK.COM GASPING FOR BREATH UNDER THE STRANGLEHOLD OF THE CORPORATE BANKING SCHEMES/SCAMS (MARKET-MAKERS AND HEDGE FUNDS) WHO HAVE THE ABILITY,GIVEN TO THEM BY THE REGULATORY BRANCH,TO CREATE SHARES OUT OF THIN AIR AND TO DILUTE THE MARKETPLACE.WHEN FORCING THEM TO COVER THOSE ILLEGITIMATE SHARES YOUR PURPOSED CHANGES DEEMS IT NOT IMPORTANT?? THE 3 DAY RULE SHOULD BE THE END OF SUCH DISCUSSION AND THEN BE RETURNED TO THE SHAREHOLDER TO BE SQUARED UP WITH THEM ON THE FORTH OR EVEN THE FIFTH DAY. THEN IF THE PRICE FLUCTUATED THE INVESTOR WOULD GET BACK HIS WHOLE OUTLAY INCLUDING COMMISSIONS DUE FOR THE FAILED SALE AND THE BROKERAGE THAT COULD NOT COVER (FOR SOME REASON)WOULD BE OUT THE SALE AND COMMISSION FOR ADVERTISING THE FACT THAT THEY COULD TRADE WITH THAT STOCK.THIS IS CHECKS AND BALANCES...FOR IF I WENT TO THE STORE AND THEY TOLD ME THEY HAD NO WAY TO GET BREAD, I WOULD SIMPLY GO WHERE I COULD GET IT, BUT BECAUSE WE ARE SPENDING A THOUSAND TIMES MORE THAN A LOAF OF BREAD THEY DO NOT HAVE TO BE HONEST AND ABOVE BOARD.THIS MAKES NO SENSE.
THEREFORE, I IMPLORE YOU TIGHTEN THE RESTRICTIONS ON THIS CROWD AND THE AVERAGE INVESTOR WILL FEEL SAFER AND POSSIBLY DESIRE TO COME BACK TO THE STOCK MARKET AGAIN.FOR MANY IN MY CIRCLE HAVE STOPPED TRADING BECAUSE OF THE EXTREME AMOUNT OF CORRUPTION ALLOWED TO PROGRESS DAILY.
I QUOTE,FROM AN OUTSPOKEN ECONOMICS PROFESSOR OF OUR TIME:
"One of the most compelling arguements that seems to fall on deaf ears is the sheer loss of revenue to the government. Is the profit margin on the NSS worth the tax loss? Seems to me it must be for they favor the short. Why is that?...are they getting bribes?...kickbacks?
What is the motivation to keep the shorts in business, and why should they get to sell stock they dont own without paying for it first?
Makes no sense other than corruption
I think it is time to take the gloves off, forget writing to government and start looking for media without their hands in the cookie jar. This story is getting to be real old and nowhere near enough spoken of.
I can't think of one good reason for yet another extension, as all the possible topics have been covered.
It would seem they are prepared to risk collapsing the economy in order toprevent collapsing the economy? We need a t+3 system and we need it fast".