September 12, 2007
September 12, 2007
I am very concerned about the situation created when brokers are allowed to sell stock they do not own, known as "Naked Shorting".
I am even more concerned to think that this would be allowed to continue for decades, without recourse. I'm appauled to hear people talk about this who belive it will be allowed to continue, because of weak laws and laws that are not enforced, or even laws that were created to allow it to happen, without recourse.
I believe that this is the exact thing that has occured in our stock markets with the implementation of the Grandfather Clause. I believe numerous securities laws have been broken and investers money has been stolen for decades, and to this point, without recourse.
If this is true, and I believe it is, our lawmakers need to take time to study the United States Constitution. In it you will find that it provides for it's citizens an opportunity to live in a country free from this type of corruption and tyranny.
It is imperative that our senators, our congressmen, our judges, the SEC, the DTCC, the DOJ, all the way up to the President himself realize that our futures are being stolen, through these illegal acts, without recourse. It is time that those responsible be held accountable. It is time that our justice system do it's job, or be held accountable. It is time that restitution is paid to those damaged by these evil deeds.
I believe this is necessary for continued success of our stock markets, for the future of our citizens, and for America to continue to be, The Land of The Free.