9 Temmuz 2012 Pazartesi

Malia on break in Mexico - You Pay The Bills

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After driving the U.S. more deeply into debt than any other President, this should make you shake your head. If George Bush's daughters or Bill Clinton's daughter had done this, it would have been all over the news and the voter's would have been calling for heads to roll 24/7. But with the chosen one, you hear nothing on the major media.

Want to know where Obama’s 13 year-old daughter went with 12 friends?

On “spring break” in Oaxaca Mexico , on your dime.

She took two jets, 12 friends and 25 secret service men.

A thirteen year-old? What the?

Why haven’t you heard about it?

The U.S. State Department recommended that Americans avoid travel to all or parts of 14 of 31 Mexican states. It's the widest travel advisory issued by the U.S. since Mexico stepped up its drug war in 2006. But if you are the Obamas, forget about it, send your daughters.

DPS Director Steven McCraw says Mexican drug cartel violence and other criminal activity represent a significant safety threat, even in some resort areas. So we have to send our Secret Service and put their lives in jepodary for Muchelle Obama and Barry Soetoro?

The Obama Administration has had the Secret Service scouring the web ordering that any website mentioning this be taken down because letting the travel plans out could have endangered the president’s daughter’s security.

Nonsense, the “royal couple” just want to hide the way they are ripping off the U.S. taxpayer.. Only a few Canadian Web-sites still have it up. (both below)

The Obama’s are laughing at the “suckers” who are funding their Imperial Lifestyle.

This trip cost more than most Americans make in their entire lifetimes

http://www.edmontonjournal.com/travel/Obama+daughter+spends+spring+break+Mexico/6323773/story.html

http://www.snopes..com/politics/obama/maliamexico.asp

PLEASE PASS THIS ON IT NEEDS TO GO VIRAL!!!

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Dutch to Abandon Multiculturalism

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Go Dutch - but why wait until 2013?

The Netherlands, where six per cent of the population is now Muslim, is scrapping multiculturalism: The Dutch government says it will abandon the long-standing model of multiculturalism that has encouraged Muslim immigrants to create a parallel society within the Netherlands.

A new integration bill, which Dutch Interior Minister Piet Hein Donner presented to parliament on June 16, reads: "The government shares the social dissatisfaction over the multicultural society model, and plans to shift priority to the values of the Dutch people. In the new integration system, the values of the Dutch society play a central role. With this change, the government steps away from the model of a multicultural society.

The letter continues: "A more obligatory integration is justified because the government also demands that from its own citizens. It is necessary because otherwise the society gradually grows apart and eventually no one feels at home anymore in the Netherlands.

The new integration policy will place more demands on immigrants. For example, immigrants will be required to learn the Dutch language, and the government will take a tougher approach to immigrants who ignore Dutch values or disobey Dutch law.

The government will also stop offering special subsidies for Muslim immigrants because, according to Donner; "It is not the government's job to integrate immigrants." (How bloody true).

The government will introduce new legislation that outlaws forced marriages and will also impose tougher measures against Muslim immigrants who lower their chances of employment by the way they dress. More specifically, the government will impose a ban on face-covering, Islamic burqas as of January 1, 2013. Holland has done that whole liberal thing, and realized - maybe too late - that creating a nation of tribes will kill the nation itself.

The future of Australia, the UK and Canada may well be read here. READERS NOTE: Muslim immigrants leave their countries of birth because of civil and political unrest "CREATED BY THE VERY NATURE OF THEIR CULTURE."

Countries like Holland, Canada, the UK and Australia have an established way of life that actually works, so why embrace the unworkable? If Muslims do not wish to accept another culture, the answer is simple; "STAY WHERE YOU ARE!!"

This gives a whole new meaning to the term; 'Dutch Courage' - Unfortunately Australian, UK and Canadian politicians don't have the ... guts to do the same. There's a whole lot of truth here!!!!

ELECTION 2013 IS COMING.

A Nation of Sheep, Breeds a Government of Wolves!
I'M 100% for PASSING THIS ON!
Let's Take a Stand!!!
Borders: Closed!
Language: English
Culture: The British Constitution, is the Bill of Rights!
Drug Free: Mandatory Drug Screening before Welfare! NO freebies to: Non-Citizens!
We the people are coming!!!

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The Poet: Rainer Maria Rilke, "I Believe In All"

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"I Believe In All"
"I believe in all that has never yet been spoken.
I want to free what waits within me
so that what no one has dared to wish for
may for once spring clear
without my contriving.

If this is arrogant, God, forgive me,
but this is what I need to say.
May what I do flow from me like a river,
no forcing and no holding back,
the way it is with children.

Then in these swelling and ebbing currents,
these deepening tides moving out, returning,
I will sing you as no one ever has,
streaming through widening channels
into the open sea."

~ Rainer Maria Rilke,
"Book of Hours: Love Poems to God"

"Uh Oh... Is The Securitization Fraud Teetering?"

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 "Uh Oh... Is The Securitization Fraud Teetering?"by Karl Denninger
"Now we got something interesting going on...  Sometimes law is complex, nuanced, difficult.  Other times it’s black and white…you just read the words, look at the facts and the answer is unavoidable.  Such is the case with the simmering dispute over the fact that the notes that are part of nearly every residential foreclosure case are not negotiable instruments.  Oh sure, too many courts won’t take the time to consider the argument and…just yesterday I heard an appellate court argument where the judges just kept repeating the mantra, “this is a negotiable instrument” without ever doing any analysis at all and without any finding of that “fact” from the trial court.  The attorney needed to stop the appellate judge right there and say, “No Your Honor, it’s Not A Negotiable Instrument”. Matt then goes into a rather complicated and technical discussion of what all this means.  I'll try to simplify it.

A negotiable instrument is (under the UCC Section 3) something that involves only (1) the payment of money, and (2) possibly the payment of interest.  It can be payable on demand or a specific time. Because it is an instrument that has no real interpretation available as to whether the terms were complied with or not (it's just about money) these can be passed around as if they were cash by simply "negotiating" (signing) the back.  You can pass a check around like this; it is a negotiable instrument because it is payable on demand and it is only an instrument for a given amount of money. A mortgage inherently contains other conditions, such as "you will maintain insurance", "you can prepay without penalty (or with one)", "the following things can be charged to you other than principal and interest", and "the note might be accelerated (due in full) if I do (or don't do!) x, y or z."

None of these are simply the payment of money on a given schedule or upon demand, coupled with a possible payment of interest.  All involve other conditions, which make the note non-negotiable. The reason it's not negotiable is that the formal process of assignment transfers not only the note but also the obligations of the parties, including the beneficiary- who might have obligations.  It is therefore much more formal than something that is "negotiable".  Assignments require formalities like notaries and such, because everyone has to agree- not just the borrower.  And if the formalities are not followed then the assignment simply never happened and title to the note in question remains with the original party.

The import of this decision, assuming it stands, is significant.  It means that the "defenses" to all the fraudclosure crap may just evaporate, as once you force recognition of all of those formalities if they didn't happen then the guy standing in front of the judge asking to steal your house fails, as he's not the right person to be making the request -- that is, he's a thief instead of a forecloser! And once you force these institutions to come to court with true and complete documents you find that they can't- they have played "fast and loose" with the documents, they don't have them at all, they try to cheat and forge them, and in some cases it appears they are trying to collect twice on the same instrument!

You can bet this ruling will be challenged, but there is hope so long as we have some real jurists that remain on the bench.  And as Matt explains, attempting to use these arguments "pro-se" is dangerous, but the fact remains that there is progress in this decision.- http://market-ticker.org/

The Economy: "Channeling Kurt Richebacher…"

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"Channeling Kurt Richebacher…"
by Bill Bonner
"A report in the Telegraph tells us that 172 leading economists have signed an open letter saying that ‘Angela Merkel is wrong.’ Which reminds us of the newspaper advertisements in the early ’80s, in which hundreds of economists protested Paul Volcker’s attempts to rein in inflation. If you have a flat tire, you do not want to ask an economist to fix it for you. One…on his own…might be able to do the job, assuming there are no bars nearby to tempt him away from his labors. Put two or more on the case, and you will never get back on the road. Instead, they will argue among themselves about what caused the tire deflation…theorize about how to reflate the tire…and generally make the tire flatter. And if you look carefully, you’ll find several of them dropping nails on the road.

So, anytime you get a group of economists signing a petition of any sort you may assume that it is a threat to the economy, the republic, or to all human life on the planet earth. In the event, however, these 172 economists may be the exceptions. Why? Because they are complaining that Ms. Merkel is giving away the store: "The economists, who included Hans-Werner Sinn, head of Ifo, the influential think tank, argued that the German chancellor had taken a dangerous step towards a “banking union”. The agreement by leaders at the last summit to allow the European Financial Stability Facility (EFSF) and European Stability Mechanism (ESM) to fund struggling banks directly — rather than via governments — was seen as a key advance. Spanish banks, which have dragged the eurozone’s fourth-biggest economy to the brink, are expected to tap the bail-out funds for as much as €100bn."

But in the letter, published by the German daily, "Frankfurter Allgemeine Zeitung," the economists said: “Banks’ debts are nearly three times higher than government debts…the taxpayers, retirees and savers in the so-far solid countries of Europe must not be made liable for backing these debts, particularly since gigantic losses are foreseeable from financing the southern countries’ inflationary economic bubbles.”

The other reason these 172 economists may be exceptional is that they are not ‘anglo-saxon.’ We recall, with pleasure, our old friend Dr. Kurt Richebächer: "Ya…I don’t know what has gone wrong with the Anglo-Saxons,” he would say, tapping his silver-handled cane on the floor. “They seem to have gone crazy. Everyone one of them. They seem to have forgotten everything we learned about economics — about the need for stable currencies, the importance of capital formation, and the folly of central planning. And now they are ready to believe anything at all.”

When Kurt died, several years ago, we inherited his favorite chair. It is a dark leather chair, with a curved seat, shaped like the trans-Atlantic deck chairs on ocean liners. Once you get in, it is hard to get out. We sat in it last weekend and tried to channel Kurt. What would he have made of all this — the crash…the bailouts…the QEs…the Twists…? We wondered…we drank… And then, from nowhere, we heard his teutonic voice.

"Ya…it’s just like I thought it would be. They are doing just what I thought they would do. And it is unbelievable. It is as if they knew nothing…as if they had never opened a real economics book or thought for two minutes about how an economy actually works. That’s the trouble with you Anglo-Saxons. Your brains have been taken over by this Keynesian claptrap. It was claptrap…nonsense…nonsense on stilts…when it came out in the ’30s. It is still nonsense. And yet, you Anglo-Saxons go along with it."

“Uh…Kurt,” we protested. We don’t like to correct a shade, but we thought we should set the record straight: “We’re not Anglo-Saxon…we’re Irish.”

"Okay…I did not mean you personally. I mean the English-speaking world. The world of English-speaking economists. They are all charlatans. Imposters. Mountebanks. Don’t they see that you can’t really cure a debt deflation by adding more debt? Of course, they do. But admitting it would mean throwing all their reputations…all their Nobel Prizes…and all their academic and government positions into the toilet. And that Ben Bernanke! He has the nerve to call himself an economist! He is nothing more than a con-artist…like the people running shell-games or flim-flam hustles in amusement parks.

It is so obvious what is wrong. The solution too is so obvious. Why can’t they see it? There is too much debt. And too many assets…and too many businesses…and too many careers and family budgets now depend on this bad debt. It does no good to lend the debtor more money and pretend the debt is good. There is nothing to be done but to get rid of it…the sooner the better. That’s what bear markets and corrections are supposed to do. So let them happen. People go broke. But so what? They’re already broke. They just don’t know it.

And then, if you want a real recovery, you have to put more real money in the hands of the people who can make it happen — families, entrepreneurs and businesspeople. Not the government! Good Lord, the government is a wealth consumer, not a wealth producer. If you want a genuine recovery…and not a phony, government-produced recovery….you have to let people keep their money so they can pay their bills, save, invest, and spend — whatever they want to do. You don’t continue to take their money away…and waste it on government boondoggles. The worst thing you can do is to raise taxes…and let the government spend more money. Then you are poorer. Isn’t that obvious? You either create wealth…by capital formation, investment and production. Or you consume it. The government is always a consumer, not a producer. 
What you should do is cut taxes…and cut government spending — including all the bailouts, contracts, and subsidies to private industry — even more. Then, you have balanced government budgets and more money in private hands. That’s the real solution. But none of you anglo-saxon economists will even mention it… Instead, you have your phony ‘growth’ — which means more government spending. And your phony ‘austerity,’ which means tax increase and less private spending. Ya, it’s unbelievable."- http://dailyreckoning.com/channeling-kurt-richebacher/

8 Temmuz 2012 Pazar

"Hot Air On Independence Day: Can Americans Escape the Deception?"

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"Hot Air On Independence Day: Can Americans Escape the Deception?"By Paul Craig Roberts
"On July 4 hot air was spewed forth all over the country as dignitaries delivered homilies to our “freedom and democracy” and praise “our brave troops” who are protecting our freedom by “killing them over there before they come over here.” Not a single one of these speeches contained one word of truth. No speaker lamented the death of the US Constitution or urged his audience to action to restore the only document that protects their liberty. No speaker acknowledged that in the 21st century the Bush/Obama Regime, with the complicity of the Department of Justice, federal courts, Congress, presstitute media, law schools, bar associations, and an insouciant public have murdered the Constitution in the name of the “war on terror.”

As in medieval times, American citizens can be thrown into dungeons and never accounted for. No evidence or charges need be presented to a court. No trial is required, and no conviction. As in tyrannies, US citizens can be executed at the sole discretion of the despot in the Oval Office, who sits there drawing up lists of people to be murdered. Protestors exercising their constitutionally guaranteed rights to freedom of speech and freedom of association are attacked by armed police, beaten, tasered, tear-gassed, pepper sprayed, and arrested.

Whistleblowers who report the government’s crimes are prosecuted despite the statute that protects them. US soldier Bradley Manning, who allegedly gave Wikileaks the documents revealing US war crimes, including the video of US soldiers in a helicopter gunship enjoying themselves murdering civilians walking along the street as if the soldiers were playing a video game, has been arrested and held in conditions of torture while the government tries to invent a case against him. According to the US Military Code, US soldiers are required to make war crimes known. However, the law on the books provided no protection to Bradley Manning, and conservative Republicans whom I know are foaming at the mouth for Manning to be executed for letting out the truth. The truth, what is mere truth compared to the “exceptionalism of the great american people”? America has carte blanche to do whatever it wishes to the unexceptional peoples. Manning deserves to die, they say, because he took the side of the oppressed and not the side of the amerikan oppressors.

After the Swedish prosecutorial office dropped the case against Wikileaks’ Julian Assange, ruling that the charges of rape had no foundation, another prosecutor, many believe at the urging of the US government, demanded Assange be extradited from England in order to be questioned. Normally, extradition only applies to those who have been charged with a crime and for whom a warrant has been issued, which is most certainly not the case with Assange. But, of course, if Washington wants Assange, Washington will be sure every law is broken or bent until they get him. The Swedish puppet will do the exceptional country’s will and be paid well for its service.

Peace activists in several states had their homes invaded by FBI, computers and personal records taken, and a grand jury was convened in an attempt to indict them for supporting terrorism by their protests of Washington’s illegal wars, wars that are war crimes under the Nuremberg standard established by the US government itself.

None of this was mentioned in July 4 patriotic speeches. The inebriated masses were wrapped in the flag and returned home full of the hubris that despises lesser foreigners, such as Muslims, Arabs, Chinese, and the French. And no dignitary mentioned that those that “we are killing over there” are mainly women, children, village elders, and aid workers. The US troops seem to specialize in soft targets like weddings, funerals, kids’ soccer games, farm houses, and schools. Recently Washington reduced the “collateral damage” count by declaring every murdered male of military age to have been a Taliban fighter or terrorist. Obviously, Washington has no way of knowing whether they were or not, but Washington’s declaration is intended as a green light to murder Afghan males of military age.

Currently, Washington has wars underway, or occupations, or is violating the sovereignty of countries with drones and/or troops in seven Muslim countries, and is arming rebels in Syria. All of this is being done without the constitutionally-required authorization by Congress, allegedly the people’s representatives. What a joke! In short, in “freedom and democracy” America, the people have no voice and no rights and no representatives. Yet, this huge deficit of democracy and liberty passed unmentioned by July 4th orators.

The crimes against humanity, the dismantling of the US Constitution and the lawlessness both domestic and international that define 21st century America are the results of September 11, 2001. Washington’s account of 9/11 is the wildest conspiracy theory known to mankind. The absurdity of Washington’s account is as follows: A few Saudi Arabians without any government’s backing or that of any intelligence service outwitted not only the CIA and the FBI but all 16 US intelligence agencies, even the Defense Intelligence Agency and the National Security Agency, together with the intelligence agencies of all of Washington’s NATO allies and Israel’s Mossad, which has infiltrated every radical Muslim group.

These humble Saudis of no known distinction or powers also simultaneously outwitted the National Security Council, NORAD, the Pentagon, Air Traffic Control, and caused Airport Security to fail four times in one hour on the same morning. In other words, every part of America’s defenses failed at the same moment.

Think about that for a minute. If such a thing had actually happened, the President, Vice President, Congress, and media would have been demanding to know how such universal failure of every aspect of the national security state was possible. An investigation would have started immediately, not over a year later as a result of pressure from 9/11 families who could not be bought off with monetary payments. Such complete and total failure of every aspect of US security would mean that americans were not safe one single minute during the 40-year stand-off with the Soviet Union. At any moment the Soviets could have utterly destroyed the US and we would never have known what hit us.

In a real investigation, the 9/11 evidence would not have been illegally destroyed, and the investigation would have been conducted by experts, not by government agencies assigned a cover-up and by political hacks. The NIST report is abject nonsense. It explains nothing. It is a fabricated computer simulation of a non-event. The co-chairmen and legal counsel of the 9/11 Commission later wrote books in which they stated that information was withheld from the commission, the military lied to the commission, and the commission “was set up to fail.” Yet, these astounding admissions by the leaders of the 9/11 Commission had no impact on Congress, the presstitute media, or the public. All heads were in the sand. Please, whatever you do, don’t make us emotional weaklings face the facts.

More than one hundred firefighters, police, first responders, and building maintenance personnel report hearing and experiencing scores of explosions in the twin towers, including powerful explosions in the sub-basements prior to the collapse of the towers. Distinguished scientists, authors of many peer-reviewed scientific papers, report finding unreacted nano-thermite in the dust from the towers, tested it for its explosive and high-heat producing ability, and reported the unequivocal results. Seventeen hundred architects and engineers have testified in a petition to Congress that the three World Trade Center buildings were not brought down by fire and airplanes and have demanded a real scientific investigation of the cause of the buildings’ destruction.

Yet, we are left with the paradox that scientific opinion based on careful examination of the remaining evidence has been designated by the ignorant and unwashed as a “conspiracy theory,” while Washington’s absurd conspiracy theory stands as the truth of the event.

Architects and Engineers for 9/11 Truth headed by high-rise architect Richard Gage has driven the final nail in the coffin of Washington’s concocted conspiracy theory with its new film: “9/11: Explosive Evidence — Experts Speak Out,” and they do speak out. Scores of top level demolition experts and experts on the design, engineering, and construction of high rise steel structures provide the scientific, architectural, and engineering reasons that the three World Trade Center buildings came down only with the assistance of explosives that were placed and timed to remove the powerful structural support and permit the sudden collapse of the buildings. As the buildings were engineered and constructed according to known and tested principles that absolutely prevent rapid collapse, fire and structural damage that two of the three skyscrapers suffered from airliners could not possibly have caused the sudden disintegration of the three buildings.

I saw the film in Atlanta on July 2. Atlanta was a stop on the 32-city premier of the film. The film was shown at the 7 Stages Theater on Euclid Avenue, the former Euclid Theater to which 65 years ago we kids used to ride our bikes to see Tarzan battle giant reptiles and ride elephants to victory over evil black tribesmen or evil white hunters, or to watch Randolph Scott bring justice with his six-shooter to a town ruled by black hats, or to witness the brave American soldiers liberate Europe from the Nazis. We never dreamed that we, residents of the “land of the free” would be menaced by a gestapo police state.

America’s descent into a gestapo police state could be arrested, perhaps, if Americans were not so ignorant of science or were capable of even realizing that what they see with their own eyes when they watch videos of the twin towers’ destruction is buildings blowing up, not buildings falling down from structural damage. Building 7’s destruction is the total and complete picture of controlled demolition. At the end of the powerful film, psychologists explain why the majority of a population lacks the mental and emotional strength to confront highly disturbing facts. A government that so thoroughly spies on its population as Washington does obviously knows its population’s profile and sees nothing but weakness and fear that can be manipulated.

What fact is more disturbing than the likely fact that 9/11 was a false flag event designed to provide the neoconservatives with their “new Pearl Harbor” in order to launch Washington’s Wars of Hegemony in the Middle East, and from there to Iran and to the nuclear powers: Russia and China, which are being encircled, as Iran has been, with US military bases? What we are experiencing is a replay of the French Revolution, this time on a world stage. Napoleon, the inheritor of the French Revolution, conquered Europe several times in the effort to expand the New Order in France to all of Europe. The French Revolution was the first claim of a New World Order, but at that time the world was Europe.

Washington’s “wars of liberation” are wars of world hegemony and wars of massive profits for the military/security complex. The combination of power and money that are the motives for Washington’s concocted wars are hidden motives, wrapped in the flag, patriotic sentiments, and fear of dark-skinned demonized Muslims.

Can Architects and Engineers for 9/11 truth or any truth break through and liberate Americans from the artificial reality created by government liars and a corrupt presstitute media, or are Americans doomed to expire in the Matrix that has been created for them? Perhaps the hope is that the economy will collapse under the would-be hegemons, and people who will not fight for principles and their liberty will fight for their economic survival.”- http://www.marketoracle.co.uk/Article35469.html

"Discovery of the Higgs Boson God Particle– What Does it Mean?"

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"Discovery of the Higgs Boson God Particle– What Does it Mean?"by Ryan Dube
"By now, you have likely heard the recent CERN announcement about the discovery of the Higgs boson – the so-called “God Particle.” Unfortunately, few people really understand what the particle is or what the discovery means, and few particle physicists out there are able to explain it in a way that is easy for the lay person to understand. It is essentially like Galileo attempting to convince humanity– and more specifically the Church– that the Earth was not in fact the center of the Universe. As fantastical as it sounds, the discovery of the Higgs boson is no less Earth-shattering. The presence of the particle transforms something that was formerly invisible, into a visible and measureable entity. It can help science to explain how and why “things”– matter, objects, people and life itself– could come to exist in a Universe filled with nothing but subatomic particles.

The model was first proposed by a particle Physicist by the name of Peter Higgs and other physicists, who stipulated that there was an invisible field through which elementary particles gain mass as they pass through it. In other words, this theoretical field served as a sort of primordial “soup”– some physicists describe it as a cosmic molasses– that transforms an invisible, elementary particle into something that has actual mass. It describes the creation of matter at the point of the “big bang”, and from this discovery, particle physicists now have their imaginations inflamed with where this discovery can lead– to an possibility of other dimensions, an understanding of gravity, and so much more.

The Higgs Field and the Higgs Boson: The next question you may be asking is– that model describes an invisible “field”, so what’s the “god particle” all about. Well, Peter Higgs proposed in 1964 that by exciting that invisible field with the right level of energy, that invisible field would produce an actual particle– thereby proving the existence of the field itself. The particle is one of the simplest particles, and therefore the most difficult to detect. It has no spin, no electrical charge, and no color. It decays and disappears in a trillionth of a second after it becomes detectable. Higgs could not predict the particle’s mass, therefore it was extremely difficult to detect even though generations of particle physicists tried, and numerous particle accelerators failed to produce it.

Scientists at the Tevatron at Fermi National Accelerator Lab and Fermilab in Batavia, Illinois shut down in 2011 after spending years attempting to produce and detect the Higgs Boson. Two years ago, CERN– a multinational research center headquartered in Geneva- built the massive Large Hadron Collider. It was a $10.5 billion project that resulted in a particle accelerator that is 17-miles (27-kilometers) in circumference. The accelerator collides billions of subatomic particles that are all traveling at near the speed of light. The collisions produce effects, and from the data gathered, scientists determine whether there were any new particles produced, such as the Higgs boson.

10,000 scientists around the world work on data produced by the accelerator, but no one – even Higgs himself – ever expected that the Higgs boson would be discovered two years later. Higgs never believed his theoretical partical would be discovered in his lifetime. At age 83, he spoke at the press conference in Edinburgh, and told reporters: “At the beginning I had no idea a discovery would be made in my lifetime. It’s very nice to be right sometimes.”

What the Discovery May Mean: If you ask different particle physicists what the discovery may mean for our understanding of the Universe, you’ll get many different answers. The truth is, what the discovery produces is verification of the Higgs Boson theory, and that verification opens up many new doors of exploration in particle physics, and in furthering our understanding of what makes up the reality around us. Some concepts mentioned throughout the media include the exploration for other dimensions, research behind the concept of “spooky action at a distance” where particles can affect each other across space, or it could even lead to a greater understanding of matter and antimatter.

The one thing that most scientists agree on at this point is that the discovery is solid – a “Five Sigma” finding, the gold standard in particle physics – and that this one single discovery could now spawn multiple amazing, Earth-shattering discoveries about reality in the very near future. It is an exciting time for the human race – and with the discovery of the Higgs boson, it is only just the beginning.”- http://www.topsecretwriters.com/•“Everything You Wanted To Know About Higgs Boson "God Particle" But Were Afraid To Ask”
by Associated Press
http://gadgets.ndtv.com/• "The Higgs Boson, Part I" by Minute Physics
"The Higgs Boson. What more need be said? Two more Higgs videos coming soon. Minute Physics provides an energetic and entertaining view of old and new problems in physics- all in a minute!"Also, explore a map of the big bang! http://www.bigbangregistry.com"Theory of Everything" video: http://bit.ly/yEj0xG"What is Matter" video: http://bit.ly/ywH3tn

http://www.youtube.com/watch?v=9Uh5mTxRQcg&feature=player_embedded
 •
You did want to know all about this, didn't you? lol - CP

“Warning Shot Will Not Be Fired”

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“Warning Shot Will Not Be Fired”Army Manual Outlines Plan To Kill Rioters, Demonstrators In America
by Paul Joseph Watson
"A newly leaked US Army Military Police training manual for “Civil Disturbance Operations” outlines how military assets are to be used domestically to quell riots, confiscate firearms and even kill Americans on U.S. soil during mass civil unrest. The document (PDF), which is dated 2006 and was used for a self-learning course at the U.S. Army Military Police School at Fort McClellan, makes it clear that the operations described in the manual apply to both “CONUS and OCONUS,” meaning inside the Continental United States and outside the Continental United States.

The document outlines how military assets will be used to “help local and state authorities to restore and maintain law and order” in the event of mass riots, civil unrest or a declaration of martial law. The primary function of military assets will be focused around, “breaking up unauthorized gatherings and by patrolling the disturbance area to prevent the commission of lawless acts,” states the document, adding, “during operations to restore order, military forces may present a show of force, establish roadblocks, break up crowds, employ crowd control agents, patrol, serve as security forces or reserves, and perform other operations as required.”

The manual also describes how prisoners will be processed through temporary internment camps under the guidance of U.S. Army FM 3-19.40 Internment/Resettlement Operations, which as we reported earlier this year, outlines how internees would be “re-educated” into developing an “appreciation of U.S. policies” while detained in prison camps inside the United States. On page 20 of the manual, rules regarding the use of “deadly force” in confronting “dissidents” are made disturbingly clear with the directive that a, “Warning shot will not be fired.”- http://www.infowars.com/•What's that you say? Oh... yeah, silly me, I forgot, that could never happen here... thanks for reminding me, land of the free and the home of the brave and all... - CP

Chet Raymo, “The Top”

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“The Top”
by Chet Raymo
“There is a short (very short!) story by Franz Kafka about a philosopher who hangs around children in the street who are playing with tops. As the tops are sent spinning across the pavement, the philosopher leaps to grab them, to the distress of the kids. He has this idea that if he can understand any detail of reality, a spinning top for instance, he will grasp it all. But as soon as he has a top in hand, he is depressed, nauseated even. He tosses the top away- until the next time.

The story is called “The Top”, and is, I suppose, a parable, one of those Kafkaesque parables we can make of what we want. I see it representing our desire to know and understand the reductive laws of nature, the perennial quarry of science. But knowing those laws does not satisfy our deepest yearning, which is for the thing that spins, the non-reductive thing. Some folks are content to watch the spinning top, the blur of color and squeal. Others are satisfied by the solidity and heft of the thing in the hand. And others of us struggle as best we can to balance whirl and heft, to have our spinning top and grasp it too.”- http://blog.sciencemusings.com/

"A Look to the Heavens"

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“NGC 253 is not only one of the brightest spiral galaxies visible, it is also one of the dustiest. Discovered in 1783 by Caroline Herschel in the constellation of Sculptor, NGC 253 lies only about ten million light-years distant. NGC 253 is the largest member of the Sculptor Group of Galaxies, the nearest group to our own Local Group of Galaxies.  Click image for larger size.The dense dark dust accompanies a high star formation rate, giving NGC 253 the designation of starburst galaxy. Visible in the above photograph is the active central nucleus, also known to be a bright source of X-rays and gamma rays.”- http://apod.nasa.gov/apod/ap111220.html

7 Temmuz 2012 Cumartesi

Charles Schwab,Thomas Stern,Jonathan Feldman:SEC,Mary Schapiro Create First(and only) 'Naked Short Selling' Case

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Charles Schwab,Thomas Stern,Jonathan Feldman:SEC,Mary Schapiro Create First(and only) 'Naked Short Selling' Case

 SEC accuses local thrift officer of stock fraud - Baltimore Sun
articles.baltimoresun.com/.../bs-bz-short-selling-feldman-20120416_...Cached
You +1'd this publicly. Undo16 Apr 2012 – Federal regulator alleges Baltimore man conducted 'naked' short ... and Jonathan I. Feldman, a senior vice president at Eastern Savings, ...

 The Charles Schwab Corporation : SEC Charges OptionsXpress In ...
www.4-traders.com › SharesCachedYou +1'd this publicly. Undo16 Apr 2012 – Regulators charge optionsXpress, five others in short-selling ... (Updates with comments in the eighth paragraph from Gregory Lawrence, Jonathan Feldman's attorney.) ... in an alleged scheme involving so-called "naked short-selling." ... Feldman's attorney, at Conti Fenn & Lawrence LLC in Baltimore.

Even ex Businessweek 'business journalist' Gary Weiss whose closest associates,Sam Antar and  Barry Minklow use the stock market for fraud and laundering  and who defends offshore hedge fund short selling scams,has got it right about Bernie Madoff's 'dear friend',Mary Schapiro,who Barack Obama replaced her fellow colleague in stock fraud aiding and abetting,Christopher Cox with.He notes in his article of 2009  that Mary Schapiro,'The penny stock rag cover girl is living down to expectations', which means she is very good for the stock fraud hedge fund money laundering 'business' of his Israeli connected money laundering pals.


Note that a Dian Griesel mentuioned on the cover next to  photo of securities prostitute Mary Scapiro is the very 
kind of person with her Isreali Grin brothers penny stock fraud connections,that the SEC should have  busted a looong time ago and yet Bernie Madooff side kick Mary Scapiro who Barack Obama appointed to head the SEC is proud to be associated with her name on the cover as well !I t would not take long for anyone to verify that Implant Sciences Corpoation was a stock fraud that only benefited criminals with offshore accounts asnd probable connections to and with Israel or the Israeli government or 
David Grin and Dian Griesel would not be associated with it !
Implant Sciences Corporation - Investor Relations - News Release
phx.corporate-ir.net/phoenix.zhtml?c=88760&p=irol...ID...Cached
You +1'd this publicly. Undo5 Sep 2003 – David Grin, Fund Manager of Laurus Master Fund, stated, "Since our ... Janet Vasquez Dian Griesel 212/825-3210 SOURCE: Implant Sciences.

In fact just a quick search of 'implant sciences fraud' turns up this link and note it's with added info in 2012
that the ''SEC  
Halts Trades in 379 Shell Companies in Fraud-Prevention Push ...'' This gives a hint at just how great the number of stock share fraud money launderuing ops the U.S.SEC allows to operate and steal and launder Americans' stolen money into offshore accounts which has grown more than geometrically since advent of the internet !Both David Grin and Dian Griesel should be in jail for this fraud against Americans alone but thanks to SEC officials like Mary Schapiro and its corrupt attorneys for life at the SEC office as well as phony 'business journalists' like Gary Weiss,it just goes on and on......: 
IMSC News: Implant Sciences Corp Headlines & Press Releases ...
www.bloomberg.com/quote/IMSC:US/newsCached
You +1'd this publicly. Undo25 May 2012 – Breaking news on Implant Sciences Corp (IMSC) including company ... SEC Halts Trades in 379 Shell Companies in Fraud-Prevention Push ...

And of course Implant Sciences takes advantage of the lie that its shares haVE BEEN 'NAKED SHORTED' AS WELL !
 BUYINS.NET: MYS, IMX, CPWM, DCGN, GMXR, LMRA Have Been ...
www.amex.com/newsDetails/CmnNewsDet.jsp?id=XpressFeed...CachedYou +1'd this publicly. Undo27 Mar 2007 – For a complete list of companies on the naked short list please visit our web site. ... Implant Sciences Corporation (AMEX: IMX) engages in the ...


What Mary Schapiro Left Out

 Wednesday, March 11, 2009
by Gary Weiss

Mary Schapiro, President Obama's bad choice for SEC chairman, testified before the House Financial Services committee today, deploying all the usual platitudes and increasingly rresembling a kind of Chris Cox Jr.........
http://garyweiss.blogspot.com/2009/03/what-mary-schapiro-left-out.html



 Gary Weiss also covered up for James Dale Davidson when he was running the Genemax fraud as a 'business' reporter for Businessweek in 2003.Gary Weiss knew precisely who was 'behind' the Genemax 'biotech' penny stock fraud in 2003 and this lieing clown posing as a journalist,always ready to pull his 'anti-Semite' card whenever anyone catches on to his cons,purposefully does not mention either James Dale Davidson nor his Canadian stock fraud sidekicks Brent Baker and Grant Atkins in his 2003 article as the ones any idiot would know was 'behind' or in front yelling about 'naked short selling' in the first place and that the Blaine,Washington office he claims to have called without receiving a reply was the same office that the Genemax stock was being promoted from !He also knows there is a reason so-called 'naked short selling' by any other name would and should be illegal - i.e. no one should be allowed to sell shares that don't exist or the share price of even the most profitable company would collapse and if not hurt the executives of the company,it would certainly greatly harm any investor !What is most repugnant is the fact that Gary Weiss knew at the time he wrote the article below that he could have contacted Genemax CEO and co-founder of NAANSS James Dale Davidson by making a near local call to Agora Inc of Baltimore or the National Taxpayers Union of Steve Forbes,et.al., that he also founded !And that he as well as Investor International with Brent Pierce and Grant Atkins and David Patch,et.al.alsao founded Investor Communications International that was also officially located in that same Blaine,Washington office he conveniently couldn't get through to.Gary Weiss pals make money shorting scams that scuim like James Dale Davidson,et.al. promote or 'pump' and the higher they pump the price the more the other insiders to the fruid,often Israelis,make dumping or shorting shares.Both sides are parasites and only naive Americans the SEC doesn't protect lose as well as the U.S.economy that bleeds dollars offshore to and for these parasites!

http://www.businessweek.com/magazine/content/03_49/b3861105_mz020.htm
Commentary: Don't Force The Shorts To Get Dressed

by Gary Weiss

Shorts argue that if naked-shorting had not taken place during the microcap crime wave of the 1990s, such stocks would have climbed even higher before they crashed. In the past, the SEC was loath to act against naked shorting, but it now has succumbed to organized pressure -- including a letter-writing campaign encouraged by more than 100 microcap companies, organized as the National Assn. Against Naked Short-Selling (NAANSS).............
So who is behind this campaign? Calls to the NAANSS were answered at a firm called Investor Communications International, whose clients include companies attacked by shorts. Their anger is understandable. The market is a ruthless place, but it's supposed to be. The SEC should let it work -- and not cave in to this campaign to suppress the only force that can curb hype in the resurgent microcap market.
................................
My statement to the SEC re Gary Weiss:

http://www.sec.gov/comments/s7-19-07/s71907-358.htm

And like the NCANS group he claims to oppose - Gary Weiss never mentions James Dale Davidson's involvement in starting the 'naked short selling' hysteria nor NAANSS whose website was disappeared after NCANS appeared - even though he first 'investigated' NAANSS for BusinessWeek in 2003.In effect Weiss has a conflict of interest in investigating and reporting on the false and fraudulent naked shorting claim to cover up illegal penny stock pump and dump scams in light of the fact that a major player in this penny stock pump and dump fraud probably bigger than 'Bermuda Shorts' - is none other than his boss' National Taxpayers Union colleague James Dale Davidson himself Nonethless MantanMoreland is aiding fraud by posting Weiss' misinformation on Wikipedia.Patrick Byrne's and Judd Bagley's has BEEN BAD ENOUGH.

-Tony Ryals


................................

 Below is an explanation from Forbes,(note Steve Forbes is very connected to Agora Inc. and National Taxpayers Union founder, James Dale Davidson,who started the lie that worthless penny stocks were being 'naked shorted' in the first place in 2002), of the SEC's recent and only 'naked short selling' litigation since they,(the SEC and ex SEC Chair Chris Cox), lied in 2008 about most all of the major financial and mortgage companies stocks being 'naked shorted' at the time of the massive insider shorting and dumping of fnancial and mortgage company shares in 2008 and eventual massive selling by even small investors when they realised te U.S. SEC and government was hiding the insolvency and bankruptcy of many of the large  financial companies themelves while colluding with elite securities criminals to blame it all on 'naked short selling' or counterfeiting of shares by some unknown market maker(s) or a 'Sith Lord' as Overstock.com CEO and stock hedge fund money launderer,Patrick Byrne,fraudulently claims !Note also that the date of the SEC's accusation against the sleazy optionsXpress  and Feldman and Stern alledged 'naked short selling' of AIG shares is 2009, long after 2008 when it was shorted by securities 'professionals' to penny stock status and then sold eventually, when it was too late, by small investors taken in by the cover up by the SEC.And the U.S. SEC under Mary Schapiro's predecessor Christopher Cox lied on sec.gov about AIG and even Fannie Mae,Freddie Mac,Bear Stearns,UBS,Bank of America EVEN Goldman Sachs shares being 'naked shorted' by an unknown market maker or entity that Overstock.com CEO,and offshore hedge fund money laundering stock fraudster,Patrick Byrne,named as a 'Sith Lord' ! All knew that the companies themselves named as victims of 'naked short selling,except of course for Goldman Sachs that was really making a killing by shorting Fannie  Mae and Freddie Mac and probably the other companies' shares that the SEC erroneously blamed on 'naked short selling,was far from financial bankruptcy and as instead,a year later,going to admit that  it had made more money  than ever as all these companies' shares prices collapsed,most likely by shorting all of their shares and perhaps even their own ! The SEC's and Christopher Cox's and his handpicked IG,H DAVID KOTZ,LIES ABOUT THEM ALL BEING 'NAKED SHORTED' ONY CREATED MORE UNCERTAINTY AND FACILITATED INSIDER SHORTING.
However,as I emphsize,AIG was already a looted and de-capitalized former shell of itself anyway long before the SEC began lieing about it being 'naked shorted' in 2008 but this would only be acknowledged later,after it was too late for formerly middle class investors or victims.
You will also find below the SEC 's refusal to me to provide proof of its own fraudulant claim that Fannie Mae and Freddie Mac and  AIG and UBS and Bear Stearns and even Goldman Sachs shares were 'naked shorted' in 2008,which is infinitly more important that whether or not Feldman and Stern were 'naked shorting' AIG when it was a penny stock a year later ! SEC 'Special Council' Steven G. Johnston
Special Counsel claims they may give me their proof if I can apply by the freedom of information Act.My answer is that if they,(the U.S.SEC in early  2008), posted the claim that all these 'public  companies' were indeed being  'naked shorted' in 2008 when their shares had many hundreds of billions of dollars each in value that they all lacked a year later in 2009 when the scumbags Feldman and Sterns could much more easily manipulate them then that is much more important than this phony make believe case against them and the SEC itself posted that they WERE all being 'naked shorted' so they should make the proof available to defrauded investors or admit they were lieing and aiding massive fraud by insiders elites and hedge funds themselves  ! In fact the U.S.SEC and Christopher Cox and his chosen IG,H David Kotz,knew exactly why AIG and so many others were collpasing in share value and that was because the artificiallly pumped up the share value themsleves by lieing about their intrinsic worth which was a negative dllar value with hidden debts the U.S.SEC helped them cover up !Here from the Chicago Mercantile con artist Jimbo Wales own Wikipedia you can see why the mortgage and financial 'companies' all collapsed in 2008 while ex SEC Chair Christopher Cox and his chosen IG,H David Kotz lied to us on our own sec.gov 'investor education' website in May 2008 about all major mortgage and financial companies' stocks being 'naked shorted' by some unknown market maker(s) or unidentified entity -the truth was and Cox and Kotz KNEW IT WAS FOR THIS REASON AND NOT SO-CALLED 'NAKED SHORT SELLING' -the financial 'compabnies had and were 'cooking their books' !Eventually the insiders began to sell or 'dump' their shares,(which leads to share price collapse just as if someone or thing WERE 'naked shorting' or counterfeiting shares),while us uneducated and outside Wall Street or City of London or Switzerland and without offshore accounts in the Caribbean where hedge fund insiders operate and sell or dump their shares back into the U.S.market from and turn them into cash in their offshore accounts while our cash in the form of those shares disappears and the criminals at the U.S.SEC working in cahoots with them tell us our shares were 'naked shorted' to distract from the fact that our own U.S.SEC has allowed our wealth to be strolen into offshore accounts of international criminals protected by the U.S.SEC and U.S.government itself !   :






  http://en.wikipedia.org/wiki/American_International_Group

 Chronology of September 2008 liquidity crisis
On September 16, 2008, AIG suffered a liquidity crisis following the downgrade of its credit rating. Industry practice permits firms with the highest credit ratings to enter swaps without depositing collateral with their trading counter-parties. When its credit rating was downgraded, the company was required to post additional collateral with its trading counter-parties, and this led to an AIG liquidity crisis.(i.e.-NOT 'NAKED SHORT SELLING'AS EVEN WIKIPEDIA HAS LIED ABOUT ELSEWHERE).......
 AIG's London unit sold credit protection in the form of credit default swaps (CDSs) on collateralized debt obligations (CDOs) that had by that time declined in value.[24] The United States Federal Reserve Bank announced the creation of a secured credit facility of up to US$85 billion, to prevent the company's collapse by enabling AIG to meet its obligations to deliver additional collateral to its credit default swap trading partners. The credit facility provided a structure to loan as much as US$85 billion, secured by the stock in AIG-owned subsidiaries, in exchange for warrants for a 79.9% equity stake, and the right to suspend dividends to previously issued common and preferred stock.[17][25][26] AIG announced the same day that its board accepted the terms of the Federal Reserve Bank's rescue package and secured credit facility.[27] This was the largest government bailout of a private company in U.S. history, though smaller than the bailout of Fannie Mae and Freddie Mac a week earlier.[28][29]
AIG's share prices had fallen over 95% to just $1.25 by September 16, 2008, from a 52-week high of $70.13.[citation needed] The company reported over $13.2 billion in losses in the first six months of the year.[30][31] The AIG Financial Products division headed by Joseph Cassano, in London, had entered into credit default swaps to insure $441 billion worth of securities originally rated AAA. Of those securities, $57.8 billion were structured debt securities backed by subprime loans.[32] CNN named Cassano as one of the "Ten Most Wanted: Culprits" of the 2008 financial collapse in the United States.[33] .........


AND WHILE CONTINIUING ITS LIES AND DISINFO ABOUT 'NAKED SHORTING' CAUSING THE COLLAPSE OF AIG,WHAT HAS BECOME OF AIG'S MR.JOE CASSANO WHO WIKIPEDIA LABELS AS 'one of the "Ten Most Wanted: Culprits" of the 2008 financial collapse in the United States.'?

 Ex-AIG Exec Joe Cassano is Free, Rich and -- in His Mind ...
www.cbsnews.com/.../ex-aig-exec-joe-cassano-is-free-rich-and----in-...30 Jun 2010 – Joe Cassano, the man who nearly capsized AIG and cost taxpayers billions, says he has nothing to feel sorry for. http://www.forbes.com/sites/steveschaefer/2012/04/16/sec-charges-five-in-optionsxpress-naked-short-sales-of-aig-chipotle-others/

Here's one of at least HUNDREDS of stock frauds and, in this case of sadistic tortures ,who have lied about their shares being  victims of 'naked shorting' since James Dale Davidson created NAANSS or National Association Against Naked Short Selling in 2002 to distract from his his pumps and dumps of the biotech frauds Endovasc and Genemax that the SEC covered up !:
Taser Investors Accuse Firms of Naked Short Selling (Update2 ...
www.bloomberg.com/apps/news?pid=conewsstory&refer...28 May 2008 – Shareholders of Taser International Inc., the world's largest stun-gun maker, sued Goldman Sachs Group Inc., a Merrill Lynch & Co. unit and six ...

Now what could have caused the collapse in share price of Taser that was indeed making a profit selling its stun guns to U.S.government and police to taser often non violent U.S. citizens ? Well
Rudy Giuliani's ex police chief Bernie Kerik for one dumping or selling thousands of those shares to an unsuspecting public whose shares collapsed in value as Kerik and so many insiders to the fraud promoted the company's value then dumped their shares for dollars !:


Kerik made millions from agency contractor - Business - US ...  
www.msnbc.msn.com/id/.../kerik-made-millions-agency-contractor/
9 Dec 2004 – Bernard Kerik, President Bush's choice to run the Homeland ... Kerik made $6.7 million by selling stock given him by Taser International.......

And Kerik was even given the position to head Homeland Security except that 9/11 terrorist Michael Chertoff who should be in jail for his use of U.S.governmet to sell Israeli airport  'security systems' after it was Israeli airport 'security' of Ezra Harel,Menachem Atzmon and their Shin Bet boys of ICTS International at Logan Airport at Boston that caused 9/11 to happen in the first place.And even though they got away with allowing 9/11 to happen they could have been convicted for stock fraud alone !

Here's another illegal penny stock pump and dump fraud I've followed over the years called Jag Media Holdings at the time.It was caught in an FBI sting in the 1990's and yet they and the SEC did nothing but let them,a Mr. Gary Valinoti and Dave Patch who was also involved with James Davidson Genemax fraud and then joined Patrick Byrne's NCANS after Davidson's NAANSS was disappeared from internet after 2005.Patch among many others was involved in the CMKX Diamonds 'we've been naked shorted' fraud that even brought in old CIA or FBI criminal who invented the 'exploding cigar' that was to be used to assassinate Fidel Castro as well as a Mr.Bud Burrell who posted death and torture threatrs to me on Patrick Byrne's thesanitycheck.com  ! The Jag Notes WAS USED TO PROMOTE OTHER WORTHLESS STOCKS WHILE BEING A STOCK FRAUD ITSELF,OFTEN ISSUING UNREGISTERED SHARES TO THEMSELVES AND WHEN THE SHARES CAUSE THE PRICE TO COLLAPSE AGAIN THEY LIE IT WAS REALLY 'NASKED SHORTING' BY SOME UNKNOWN PERSON OR ENTITY FOR YEARS AND THE SEC DID NOTHING !Their JAGH stock share 'business' GOES ON AND ON WITH THE SAME FRAUD ONLY AFTER 911 THEY EVENTUALLY BECAME A 'BIOMETRICS BUSINESS'  CALLEDCRYTOMERICS,(SHOULD HAVE BEEN CALLED KLEPTOMANIACS),SUPPOSEDLY SELLING  PASSPORT BIOMETRICS EQUIPMENT EVEN TO THE NEW ZEALAND AND TAIWAN GOVERNMENTS ! All fraud but the SEC protects them !
For several years now they have been called Cardiogenics Holdings and the SEC of Barack Obama Mary Schapiro still lets them go on and on........

www.cryptometrics.com/news_NewZealandPassport.php
CryptoMetrics Announces Facial Recognition Contract With New Zealand Passport Office
SecurIDent(TM) Technology Has Been Performing ''Watch List'' Check and Comprehensive Quality Assessment of Passport Photos
Tuckahoe, NY – May 24, 2006 -
TUCKAHOE, N.Y. - (BUSINESS WIRE) - May 24, 2006 - CryptoMetrics, a leading global provider of facial recognition and fingerprint biometric solutions to the government, aviation security, law enforcement, military, homeland security and commercial markets, today announced that the New Zealand Passport Office has deployed its facial recognition technology as part of that country's ePassport initiative......
David Philp, Manager of the New Zealand Passport Office stated, "For those who are involved in international crime and possibly terrorist activity, obtaining a false Passport is often critical to success. CryptoMetrics' technology will greatly improve security at step one of the Passport issuance process, by automatically comparing every application's photograph against the departments Watch List of persons who have previously attempted identity fraud. We chose CryptoMetrics because its technology offered the highest levels of accuracy available, very fast processing time and a very unique ability to enhance the quality of existing photographs through a process called 'normalization'."
................................................................
Well the joke may be on New Zealand passport office's David Philp if Cryptometrics is connected to James Dale Dabidson who I believe although American still holds property and influence in New Zealand as well.Davidson is certainly connected to David Patch and Gary Valinoti of Jag Media Holdings the fraudulent shell Cryptometrics jumped into and has been doing yet and 'share distribution pump and dump and money laundering scheme ! Further Mr.Davidson has been clearly linked to Israelis of the Mossad type who were convicted in New Zealand for obtaining New Zealand passports illegally !

CardioGenics Holdings formerly Jag Media and then CryptoMetrics Biometrics is now for several years a medical stock fraud and one of the first stock frauds to lie about shares that the SEC refuses to audit,being victims of 'naked shoret selling' !


Unassociated Document - SEC
www.sec.gov/Archives/edgar/data/1089029/.../v245419_10k.htmOn January 4, 2002, we formed JAG Media LLC, a Delaware limited liability company and wholly-owned subsidiary. ..... This information is also available from the SEC's website at http://www.sec.gov. ..... less than $5.00 per share, our common stock is considered a “penny stock,” .... Recent Sales of Unregistered Securities ...

http://www.sec.gov/Archives/edgar/data/1089029/000114420412004759/v245419_10k.htm
CardioGenics Holdings

As a result of our acquisition of CardioGenics, former CardioGenics warrant holders exchanged their warrants to purchase CardioGenics Common Shares for warrants to purchase our Common Shares. Currently, the warrants held by such former CardioGenics warrant holders entitle them to purchase up to 3,276,879 of our Common Shares at prices of $0.47 per share.Accordingly, you may experience substantial dilution upon exercise of these warrants. In addition, you may experience substantial dilution if the price of our Common Shares increases to a level greater than the exercise price of these warrants.'Dilution' as they state above causes the share price to collapse as insiders to the fraud sell their worthless shares.This is what caused collpse of shares price FOR DECADES NOW NOT so-called 'naked short selling' ! I could go on and on because their are AT LEAST HUNDREDS OF STOCK FRAUDS THE sec HAS ALLOWED TRO OPERATE TO DEFRAUD AMERICANS AND SEND THEIR STOLEN MONEY TO OFFSHORE ACCOUNTS,OFTEN OF ISRAELI CONNECTED STOCK FRAUDSTERS.So the amount we are givingh Israel GREATLY exceeds the several billions of dollars the U.S.goverment 'officially' gives to them ! And remember SEC Chair Mary Schapiro worked hand in hand with Bernie Madoff who many suspect channeled much or most of the money he stole in his 'securities' ponzi schemes,to Israhell !
To SEC's Nancy M. Morris re Christopher Cox's naked short lies ...www.offshorealert.com/WorkArea/.../print_thread.aspx?id=60...t...31 Aug 2011 – Ragingbull.com has been the most important penny stock tout site to ... s Endovasc did issue shares they either never even put in SEC filings or ... just like you do Jag Media Holdings with its Bermuda Shorts scandal Why ? ... Certainly international criminals with Reg S or unregistered shares of worthless U.S. penny stocks ...New Jersey Star-Ledger,legislature conned by Gary Valinoti ...- 24 Feb 2006
John Reed Stark UAE,SEC,Georgetown U. Stock ,Academic,Cyber ...‎ - 21 Feb 2006
Matthew Goldstein re BAWAG, Schlaff, LH Financial etc ...‎ - 24 Jan 2006
Gary Valinoti | ZoomInfo.com
www.zoominfo.com/#!search/profile/person?personId=2333144...Jagh is a penny stock scam that was involved in the 'Bermuda Shorts' scandal and Valinoti has ... www.sec.gov, 7 Jan 2004 [cached] ... of SEC charges that he engaged in "unregistered sales and transfers of securities of [Jag Media Holdings] ...


It is Barack Obama's, aka Barry Soetoro's, SEC Chair and Bernie Madoff crony, Mary Schapiro, who should be in jail along with W Bush's ex SEC Chair Chris Cox  and his right hand man ex sec IG H David Kotz for purposely lying about AIG and so many more major financial stocks being victims of 'naked short selling' to cover up the largest financial fraud against Americans in history using the modern internet 'informatiuon super highway' to do it !
And while Jonathan Feldman should be convicted for stock fraud for manipulation of AIG or other shares after the fact when they were already near worthless penny stocks that still had potential to manipulate to steal a lot of cash,he probably at most will get his hand slapped and be fined for far less than he stole manipulating AIG penny stock shares.And MNary Schapiro and the SEC attorney prostitutes in her employ can say see we finally got a ha ha 'naked shorter'.:

SEC Charges Five In OptionsXpress Naked Short Sales Of AIG, Chipotle, Others
 4/16/2012 @ 3:31PM |2,658 views
    Steve Schaefer, Forbes Staff

Naked short selling is the term for attempting to short a stock without having it available for delivery. It is also illegal, which is why the SEC charged brokerage firm optionsXpress and five individuals with operating an “abusive short selling scheme” Monday.
The regulator’s enforcement division alleges the Chicago-based firm engaged “in a series of sham ‘reset’ transactions designed to give the illusion that the firm had purchased securities of like kind and quantity.”
Those charged included customer Jonathan Feldman and former optionsXpress CFO Thomas Stern, while three other officials at optionsXpress – Peter Bottini, Philip Hoeh and Kevin Strine – settled charges in a separate administrative proceeding.
Robert Khuzami, director of the SEC’s Division of Enforcement, said that in effect the scheme “’kited’ shares of stock,” in violation of Regulation SHO – which requires a broker to have the reasonable belief that a share can be located and borrowed for a short sale, then deliver said share within three days – “thus depriving buyers of the benefit of their bargain – prompt delivery of their shares.”
The violations, according to the SEC, took place from at least October 2008 to March 2010, predating the September 2011 acquisition of optionsXpress by Charles Schwab.
According to the SEC order, Feldman “purchased at least $2.9 billion of securities and sold short at least $1.7 billion of options,” through the broker in 2009 alone, and willfully violated regulations. Under the scheme, Feldman and the handful of other customer accounts involved – which purchased $5.7 billion of securities and sold short $4 billion in options in 2009 – conducted the trading strategy in more than 20 stocks, including AIG, Citigroup, Chipotle Mexican Grill, Sears Holding and Under Armour.
Read the full SEC release and the related orders here.

......................................

While I have always said since being ripped off in one of the first fraudulant 'naked short selling' 
claims or scams called Endovasc in 2002 by Agora Inc and National Taxpayerrs Union founder James Dale Davidson as well as Washington,D.C. banker David P Summers,who still runs a sleazy bank called  Virginia Heritage Bank but at the time lied about being a resident of Texas -
SO CALLED 'NAKED SHORT SELLING' IS ILLEGAL AND IF ANYONE COULD BE PROVED GUILTY THEY SHOULD BE PUNISHED.However the ones who should be really singled out for punishment and confiscation of all assts helf in their offshore or even U.S.accounts are thoise who have LIED about their worthless companies' shares being 'naked shorted' in order to create more chaos and distract FROM THE FACT THAT THEY ARE RUNNING ILLEGAL STOCK 'PUMPS AND DUMPS' AND MONEY LAUNDERING WITH SHARES THAT THE U.S. SEC HAS REFUSED TO AUDIT.
 The Grin brothers of Israel,as well as Stanford University 'researchers' Christopher Heeschen and John Cooke among others,were also involved in the Endovasc biotech penny stock fraud as they have been in soooo many worthless penny stocks whose shares they dumped while allowing their stooges,such as a Mr.David Patch and Mark Faulk,on the internet to cry 'naked short selling' when it was an illegal 'pump and dump' as usual.One of the the Grin brothers most recent frauds has been the penny stock PetroAlgae that uses the idea of algae as an altrernative to fossil fuel as a fraud to sell worthless shares and as usual launder American investors' stolen money into offshore accounts for 'the greater glory' of Israel or IsraHell where grown white people still believe or claim they are 'Semites' and are the (hee hee),direct decendants of the madman Abraham of the old Testament,Torah and Koran .Truly this 'organized religion' has,in the 'modern era', only led to organized crime on a massive scale far exceeding anything related to the almost mythological Catholic Italian mafia by comparison.The Pope of the Vatican no doubt has his bank and money laundering ops probably in cahoots with them, just like the Morman mafia of Utah, but not on anything like the scale of the Jewish mafia with its tentacles deeply buried in both the U.S.and Russian and UK governments among others.Barack Obama's aka Barry Soetoro's biggest sponsors,Goldman Sachs,is also in cahoots with the Martin Schlaff connected Grin brothers,David,Eugene and Abraham,and has aided them with their connections to the White House,to promote the PetroAlgae fraud which we can only hope is a flop.And of course we all know by now that Mitt Romney is perhaps even a bigger Israel and Zionist prostitute that Obama himself and has made his money through defrauding his fellow Americans with the Zionists and Israeli 'Americans' of Baine hedge fund.
So far  the Israeli-Ukrainian Grin brothers haven't cried 'naked short selling' to distract from this illegal pump and dump fraud but that's only perhaps because they haven't sold enough worthless shares to Americans so far....
Charles Schwab was my broker at the time of my rippoff by the Enodovasc fraud and they knew these 'public companies', that they were the major 'market makers' of,   were illegal pump and dump scams but remained quiet and profited from allowing their defrauded clients and others buy and sell these frauds.Shortly afterwards they sold their 'market maker' business to UBS of Switzerlanmd and no doubt many of their clients,their real clients that is who profit from penny stock frauds incorporated in the U.S.and particularly Nevada,became the new clients of UBS.And those Swiss UBS bank accounts  should have been what ex hedge fund scumbag and now IRS Commissioner, Douglas Shulman, along with his ex partner at the old stock securities agency NASD and then FINRA,Mary Schapiro,should hsave been on the lookout for when Americans with Swiss banking accounts were investigated and then covered up for a few years ago.But these are the very people far right elite that are the  'untouchables' by the prositutes Schapiro and Shulman who now control the SEC and the IRS.

http://www.schwab.com/public/schwab/nn/legal_compliance/important_notices/material_aspects.html
UBS Securities LLC: UBS is a market maker in certain NASDAQ, OTC, and listed equity securities. Part of the consideration Schwab received for the sale of its capital markets business to UBS in 2004 related to execution services agreements with UBS and Schwab’s commitments to route most types of equity and listed options orders through UBS for eight years. However, Schwab does not earn rebates or other consideration from UBS or other firms or exchanges for equity and options orders routed through UBS or routed by Schwab directly......

Note the 8 year agreement  between 'securities' money launderers,Charles Schwab and UBS, would end in 2012 which would explain why Charles Schwab has now bought the  market maker Ex-OptionsXpress that Mary Schapiro now accuses of so-called 'naked short selling' although the names of the sleazy 'public compnies' that Baltimore,Maryland Jewish Zionist banster Feldman supposedly 'naked shorted' are conveniently not named even in the SEC press release.But they are probably worthless penny stocks that Feldman and his cronies already held the majority of shares in and dumping and buying the shares is what was really going on - NOT 'naked shorting'.I wonder if Baltimore bankster Feldman goes to the same synagogue as my old pal from UCSY or Air Water Corp penny stock fraud days,Wolf Blitzer of CNN, who is such the good 'Jew',, as his rabbi calls him, that he covered up ex Israeli President Moshe Katsav's,(recently convicted in Israel for rape),and ex Israeli Prime Minister Ehud Olmert's involvement with British Israeli penny stock money launderer Michael Zwebner who used some of his money defrauded Americans to sue Blitzer and CNN in Florida in 2005 because of my pseudonym wolfblitzzer0 !Or maybe Mr.Felman is probably connected to the scamsters of Baltimore,Maryland's Agora Inc. where paradoxically enougn its founder James Dale Davidson started the 'naked short sellinbg' rumor or lie in 2002 to distract from his money lasundering with shares of Endovasc and Genemax shares !? Agora in Baltimore and Porter Stansberry also employed  a Mr.Rey Rivera to put his name of a penny stock tout sheet called Rebound Report in the mid 2000's who had an unfortunate fall from the Belvedere Hotel in 2006.Then coincidentally so did a Mr.Obsfeldt who was a 'business' partner of Austrian-Israeli Stasi Nazi
Martin Schlaff with his Bawag Bank and Grin brothers connections.Remeber many of the fraudulant penny stocks that were lied about being victims of 'naked short selling' in the post 9/11 era were connected in some way to Bawag Bank 'coincidentally' and to Martin Schlaff and his Israeli Ukrainian Grin brothers.:

Families See a Utopia Turn Into an Ugly Legal Fight
www.nytimes.com/2010/02/13/nyregion/13hello.html?pagewanted...Similar
12 Feb 2010 – Mr. Obstfeld, Mr. Schlaff and Mr. Lewkowicz referred questions to the law firm. Terrence Oved, a partner at Oved & Oved, declined to comment ...
You +1'd this publicly. Undo
The mysterious death of an Orthodox Jewish millionaire – murder or ...
www.haaretz.com/.../the-mysterious-death-of-an-orthodox-jewish-mi...Cached - SimilarYou +1'd this publicly. Undo21 Jun 2010 – The New York medical examiner ruled Solomon Obstfeld's June 9 death a ... Israeli police suspect Schlaff of having bribed Sharon and want to ...

 However until this new SEC case against Stern and Feldman no has ever been charged and considering that the SEC has perhaps itself fraudulently claimed that Fannie Mae,Freddie Mac,AIG,Bank of America and even Goldman Sachs shares were 'naked shorted' on the sec.gov website without providing any proof and in fact refusing to give me the proof they claim to have,all I can say is that Mary Schapiro and the SEC itself has lied about stocks being 'naked shorted' themselves to cover up for very big people who themselves caused the collapse of 2008 by massive insider dumping and illegally conspiring to pre meditatively crash the market for their presonal financial gain. This case against Thomas Stern and Jonathan Feldman would certainly be small by comparison and although thery have still not been convicted for 'naked short selling' by the SEC,which would be a first,the question is why didn't ex SEC Chair Chris Cox or now Mary Schapiro go after the people they claim to have caught here which would in fact help restore all that investor money lost to us in 2008 :
 http://www.sec.gov/news/press/2008/2008-143.htm


SEC Enhances Investor Protections Against Naked Short Selling

FOR IMMEDIATE RELEASE
2008-143

Washington, D.C., July 15, 2008 - The Securities and Exchange Commission today issued an emergency order to enhance investor protections against "naked" short selling in the securities of Fannie Mae, Freddie Mac, and primary dealers at commercial and investment banks.


The SEC's order will require that anyone effecting a short sale in these securities arrange beforehand to borrow the securities and deliver them at settlement. The order will take effect at 12:01 a.m. ET on Monday, July 21. In addition to this emergency order, the SEC will undertake a rulemaking to address these issues across the entire market.
"The SEC's mission to protect investors, maintain orderly markets, and promote capital formation is more important now than it has ever been," said SEC Chairman Christopher Cox. "Today's Commission action aims to stop unlawful manipulation through 'naked' short selling that threatens the stability of financial institutions. We will continue our vigorous commitment to investors by working within the SEC and in close cooperation with our regulatory counterparts to promote the continued health and vibrancy of our markets."
The Commission's emergency order, pursuant to its authority under Section 12(k)(2) of the Securities Exchange Act of 1934, will be effective at 12:01 a.m. ET on July 21, 2008 and will terminate at 11:59 p.m. ET on July 29, 2008. The Commission may extend the order to continue it in effect thereafter if the Commission determines that the continuation of the order is necessary in the public interest and for the protection of investors, but for no more than 30 calendar days in total duration.

# # #The securities identified in the Commission's order:
Company Ticker Symbol(s)
BNP Paribas Securities Corp. BNPQF or BNPQY
Bank of America Corporation BAC
Barclays PLC BCS
Citigroup Inc. C
Credit Suisse Group CS

Daiwa Securities Group Inc. DSECY
Deutsche Bank Group AG DB
Allianz SE AZ
Goldman, Sachs Group Inc GS
Royal Bank ADS RBS
HSBC Holdings PLC ADS HBC and HSI
J. P. Morgan Chase & Co. JPM
Lehman Brothers Holdings Inc. LEH
Merrill Lynch & Co., Inc. MER
Mizuho Financial Group, Inc. MFG
Morgan Stanley MS
UBS AG UBS
Freddie Mac FRE
Fannie Mae FNM

http://www.sec.gov/news/press/2008/2008-143.htm


UPON MY REQUESTING PROOF OF ALL THAT SUPPOSED MASSIVE 'NAKED SHORT SELLING' IN MAY 2008  AND POSTED ON THE SEC.GOV WEBSITE BY SEC CHAIR CHRISTOPHER COX HIMSELF,THIS WAS MY REPLY FROM STEVEN G JOHNSTON 'SPECIAL COUNCIL' FOR THE SEC.:




Regarding the additional information you are seeking, it appears that
you are seeking information that is non-public. Requests for
non-public information are handled by our Freedom or Information Act
office. For further information, please click on FOIA at the bottom of
the SEC homepage, sec.gov.

I hope this information is helpful.

Sincerely,

Steven G. Johnston
Special Counsel
U.S. Securities and Exchange Commission





IT WOULD APPEAR THAT JONATHAN FELDMAN AND THOMAS STERN HAVE BEEN INVOLVED IN STOCK FRAUDS FOR A LONG TIME BUT NOT NECCESSARILY SO CALLED 'NAKED SHORT SELLING'.INSTEAD THEY BUY LARGE BATCHES AND CONTROL PENNY STOCKS AND OR OWNERS OF SO MANY SHARES THEY HARDLY WOULD NEED TO RESORT TO SO CALLED 'NAKED SHORT SELLING' WHICH WOULD BE SELLING SHARES THEY HAVE NOT BOUGHT OR RENTED FROM A BROKER OUT OF OTHERS ACCOUNTS.
It is intersting that Feldman is a banker in Baltimore,Maryland where James Dale Davidson's,Bill Bonner's, Porter Stansberry's and the Lord William Rees-Mogg's,et.al.' Agora penny stock 'holding' and dumping' business is located however.It is also CIA connected.
Another lieing scumbag I have come across in the last couple of years is a 'man' named Larry Doyle who as a 'securities dealer' has a vested interst in fraud and deception as well while playing the part of an unbiased 'educated' observer.He has now shown his true colors by promoting a 'naked short selling lie' video starring
Geico billionaire Jack Byrne's son Patrick Byrne of Overstock.com out of the corrupt Mormon stock fraud money mlaundering state of Utah.I have wondered for some time if the scumbag broker or whatever Larry Doyle was also a Mormon who unfortunately use the state of Utah fort stocxk fraud and money laundering against Americans on a probaly smaller but just as corrupt manner that Zionists use Israel as their main money laundering banking state to steal American ansd European investors' money.
What is obvious now about this Larry Doyle character is that he would have to know that Patrick Byrne started NCANS or Nationbal Coalition Against Naked Shorting in 2005 with an ad in the Washington Post and that it replaced James Dale Davidson's NAANSS or National Association Against Naked Short Selling
that was removed entirely from the internet at that time.And he would havr to know that Patrick Byrne not only is CEO of a fraudulant 'company' called Overstock.com that manipulates and promotes its worthjless shares to investors using the lie of being a victim of so called naked shorting to do it but that Patrick Byrne runs his own offshore hedge fund to manipulate his own Overstock.con and other sharws like the real estate mortgage ponzi scheme NFI or Nova Star Financial fraud fom until that scam collapsed.And it alweays paid dividends on every share before the collapse so no 'naked shorting' ever occurd ! It was a complewte lie and sleazy brokers like Larry Doyle shouldn't be allowed to post their bs about stocks without a rwal disclaimer that stock deception is his 'business'.
LARRY DOYLE HAS HIMSELF PROBABLY DEALT IN WORTHLESS PENNY STOCKS AND SCAMS LIKE OVERSTOCK.CON HIMSELF AT HIS OWN PERSONAL FINANCIAL GAIN WHILE SUCKERS HE DEALT THE SHAREES TO LOST BIG  ! It is NOT 'naked shorting' per se,it it insiders illegally pumping and dumping wortjhless shjares of 'companies' that any real ,audit would expose as worthjess in the first place with no assets other than worthless shares.WHILE LARRY DOYLE WILL POST A VIDEO WITH CON ARTIST AND SPOILED BILLIONAIRE'S SON PATRICK BYRNE WHINING ABOUT SO CALLED NAKED SHORET SELLING,DOYLE WILL IGNORE THE FACT THAT OVERSTOCK.COM HAS BEEN AN ONGOING STOCK FRAUD FOR A DECADE OR MORE THAT BARACK OBAMA'S SEC CHAIR MARY SCHAPIRO HAS DONE NOTHING ABOUT JUST AS W BUSH'S SEC CHAIR DID NOTHING ABOUT AND WHO LIED ABOUT
FIMNANCIAL STOCKS BEING 'NAKED SHORTED' NDURING THE BEGINNING OF THE CRASH-SELL OFF OF 2008.


my comment to Larry Doyle on his website blog re Naked Short Selling: A “Wall Street Conspiracy”?
Posted by Larry Doyle on April 17, 2012.It will probably be censored because he himself is part of the stock fraud money laundering clique who use the term to distract from their own ninsider stock fraud manipulations that inmclude moving the market with massive amounts of shares they collectively control,but not neccessarilyt by 'naked shorting'.:


 http://www.senseoncents.com/2012/04/naked-short-selling-a-wall-street-conspiracy/


 Naked Short Selling: A “Wall Street Conspiracy”?
 Posted by Larry Doyle on April 17, 2012
Do readers recall Dick Fuld, then CEO of Lehman Brothers, railing against hedge funds that were attacking the once venerable firm by aggressively shorting its stock? Fuld maintained that these aggressors were engaged in a practice known as ‘naked short selling’ and that they brought Lehman to its knees in the process..........
This topic clearly deserves front page coverage. I believe Wall Street, Washington, and the media controlled by both centers of power view this topic as too explosive. Let’s navigate past the front page and we see that the FT writes today, SEC Charges Broker in Short Selling Scheme:
US regulators accused optionsXpress, an online futures broker, and five individuals of engaging in sham options transactions as part of a naked short selling scheme.
In an administrative proceeding, the Securities and Exchange Commission charged optionsXpress, which is now owned by Charles Schwab, four executives and customer Jonathan Feldman, a top executive with Eastern Savings Bank, a private Maryland savings and loan operation, with violating short selling rules.
Mr Feldman is accused of trading shares of Sears and American International Group, among others, from October 2008 to March 2010 that involved billions of dollars in trades.
Under short selling rules, known as Reg SHO, an investor who sells borrowed securities is required to replace them within three days of the trade. Failing to deliver the securities violates the rule and makes it a naked short sale. The SEC has cautioned that abusive naked short selling harms the market because it creates the impression that traders believe the company’s securities will drop.
I have no confidence that the questions I pose above will be addressed in the midst of the SEC’s pursuit of this individual case. I am hopeful, though, that my questions will be advanced if a documentary on naked short selling gets the attention it deserves. What documentary is this?  Wall Street Conspiracy. Take the 3-minutes to view this clip.......-Larry Doyle

Note that the video that Larry Doyle provides link to features Geico insurance billionaire's son Patrick Byrne who the U.S.SEC jhas allowed to run a stock fraud called Overstock.com  of the Mormon state of Utah that is notorious for allowing stock fraud and is controlled by a Mormon mafia much as Israelis con trolled by a Jerwish Zionist mafia.In fact as the case of Mitt Romney and Baine Capital demonstate,both of these mafias  work together in stock fraud and offshore money laundering particularly,that defrauds Americans of untold billions if not trillions of dollars !
If you watch the video you will see the penny stock porn stars Patrick Byrne as well as a Mr.David Patch who has run penny stock pump and dump frauds whose collapse he has all blamed on 'naked short selling' since 2002.He was first involved with James Dale Davidson's Genemax biotech fraud that claimed tro have a 'vaccine' to cure cancer.He was part of Davidson's NAANSS or National Association Against Naked Short Selling when it was formed in 2002..Later he became part of Patrick Byrne's NCANS or National Coalition Against Naked Shorting in 2005 at the same time Jim Dale Davidson was closing and removing all mention of NAANSS from the internet.Also in the video stock broker Larry Doyle provides is the corrupt Houston attorney Wes Christian who even dumped worthless penny stock shares from his own family trust that he was given as payment for lying about and liottigating against so-called 'nakked short selling'.The dump and those sharews is axactly what causes the generally fraudulent shell companies' share prices to collapse -NOT 'naked shorting'!Note also that the corrupt ex Utah SEC attorney Brent Baker was hired or bribed by Patrick Byrne after he and two ther SEC attorneys removed all litigation against James Dale Davidson for his and Agora Inc associate Porter Stansberry's illegal promotion of Genemax and Endovasc 'biotech' penny stock frauds from their litigatiuon in 2003.Baker now represents Stanford hedge fund money launderer and has always aided stock fraud both inside and outside of the SEC.

MY COMMENT TO Larry Doyle:
Well Mr.Doyle,are you saying that all this time Patrick Byrne's Overstock.com wasn't just another illegal pump and dump scam that it has appeared to be and his 'business' would have thrived had it not been for some 'Sith Lord' 'naked shorting' it all this time ? And what about NFI or Nova Star Financial that he used to promote with his anonymous and not so anonymous gang (including possibly James Dale Davidson who started the naked short selling rumor by claiming his biotech penny stocks Genemax and Endovasc were 'naked shorted' in 2002) on the Yahoo NFI message board ? If dividend paying NFI shares were 'naked shorted'as they claimed then why did everyone always receive their dividends anyway even on what would have supposedly been non-existent 'counterfeit' shares (until that stock ponzi scheme collapsed) ? Are you sure Overstock.con was really 'naked shorted' ? And how do you feel about CEOS of public companies like Patrick Byrne having their own offhore hedge funds to buy and sell their own shares among others ? Don't you think some of that insider manipulation might not be confused with so called 'naked short selling' ?
Tony Ryals

 a small sample of my posts re the fraudulent naked short selling claim of James Dale Davidson Patrick Byrne et.al.,in the last few years....:

Utah Senator Bob Bennett asks SEC Chairmam Cox to aid NCANS ... rochester.indymedia.org/node/3107
  Utah Senator Bob Bennett asks SEC Chairman Cox to aid NCANS stock fraud.

Max Keiser ,Al Jazeera,Qatar promote Naked U.S. Penny Stock Fraud
www.indymedia.org.uk/en/2007/06/373856.html17 Jun 2007 – and suppoedly 'anti-naked short selling' website called ... has a massive list that even includes Adnan Kashoggi's massive U.S. penny stock fraud ... internet around 2004, David Patch who also helped pump and dump shares ...


http://www.phillyimc.org/en/senator-carl-levinsarlen-specters-naked-short-fannie-mae-theory-vs-jfk-magic-bullet-assassination-th
  Senator Carl Levin's,Arlen Specter's 'Naked Short Fannie Mae Theory' vs JFK 'Magic Bullet' Assassination Theory
 by
Note James Dale Davidson,(who first began the fraudulent naked shorting claim in 2002),
 is founder of National Taxpayers Union of Alexandria, Virgina,(just a few blocks from Mary
Schapiro's Securities Exchange Commission or SEC) and VERY Beltway connected.
He has hinted at money laundering for Bill Clinton and addressed
Congress many times before that as president of National Taxpayers
Union that he founded in 1969.He eventually turned on Clinton with
billionaire Richard Mellon Scaife of Pennsylvania and accuses him of
killing Vince Foster.So like Robert Maheu mentioned below Arlen 'Magic
Bullet' Specter as well as Carl 'Naked Shorts' Levin probably know him.............


German Chancellor Angela Merkel Nackt:9/11,ICTS International ...
twincities.indymedia.org/.../german-chancellor-angela-merkel-nackt9...18 Jun 2010 – Merkel supports the fraudulent naked short selling claims of far right ...... Not long ago AIPAC connected Senator from Michigan Carl Levin and ...  UK Indymedia - GB,Northern Rock:Lord Rees-Mogg's Times of ...www.indymedia.org.uk/en/2007/11/386245.html22 Nov 2007  GB,Northern Rock:Lord Rees-Mogg's Times of London Lied About Naked Short Selling... Texas Republican 'Libertarian' Ron Paul,Houston's John O'Quinn Lied About Naked Shorting by Tony Ryals Dear SEC, I was only beginning to organize my thoughts about the Republican 'Libertarian' Ron Paul's statements re SHO to the SEC,(U.S Securities Exchange Commission),that were only recently posted here. However no sooner was I getting over the shock that Mr.Ron Paul was aiding the fraudulent penny stock naked shorting claim of his well heeled Libertarian pals such as the NTU founder James Dale Davidson, Porter Stansberry,Bill Bonner,et.al.,than 'news' came out of England that Northern Rock was a victim of 'naked short selling' as well. ............ ......................... Tony Ryals - OffshoreAlert
www.offshorealert.com/WorkArea/.../print_thread.aspx?id=60...t...I don't understand how the following article appeared in the Guardian under the name of ... to start their fruadulent 'naked short selling'rumor re Northern Rock.http://www.guardian.co.uk/business/2007/nov/18/businessandmedia16Beware naked short-sellers streaking into the bank  Richard Wachman The Observer, Within a fortnight of the terrorist attacks on the US in 2001, financial regulators were investigating whether groups connected with Osama bin Laden sought to reap profits from the outrage by dumping shares before the hijackers slammed their aircraft into the World Trade Centre and the Pentagon.
Much of the inquiry focused on Munich Re, a German insurance company which was exposed to claims linked to the destruction of property in New York. Inexplicably, the company's stock price slumped 12 per cent four days before 9/11. The affair is a dramatic example of how short-selling can lead to big falls in the share price of individual companies, spreading panic among the wider investment community.
Short-sellers, typically hedge funds, borrow stock from institutions and take a bet that the shares will fall, pocketing the difference in price. The short-seller makes a windfall profit, while the lender collects a fee for loaning the stock in the first place..........

Short-sellers in Northern Rock have been criticised by one of the bank's big shareholders, RAB Capital, for encouraging panic that allowed hedge funds to profit by £1bn. RAB's Philip Richards, pictured, claimed that a wall of hedge fund money, sometimes dubbed 'crowd-shorting', was creating panic and could have brought down the bank.
Attention has now turned to 'naked short-selling', where traders are briefly assigned unborrowed shares by their broker, often for no more than 24 hours. The London Stock Exchange warned on Wednesday that many such trades remained unsettled.
The danger is that if Northern Rock calls an emergency meeting to approve a disposal of the business, it will be difficult to trace the ownership of a large slug of shares - endangering the sale.

.........................
Note also that Patrick Byrne who often blames hedge funds for the losses of  shareholders caused by his 'business' practices and stock shares manipulation of not only Overstock.com but a number of other stock fraud companies he has used the internet to promote as victims of 'naked short selling' such as the formerly dividend paying Novastar Fuinancial or NFI mortgage and stock fraud 'company' has used offshore hedge funds to manipulate and buy and sell the very stock frauds whose collapse he blames on 'naked short selling'.His father Jack Byrne sold the Geico Insurance to Warren Buffett and are very close to Buffett which can onbly mean that Warren Buffett is certainly not the honest broker he and his pr machine  have made him out to be all these years.And you can be sure that Patrick Byrne has not lost due to the collapse and manipulation of shares of Overstock.com or Novastar Financial or any other fraudulent company he and his internet gang claim to be victims of 'nmaked short selling'.They have onshore and offshore accounts to manipulate from and have even used the German stock market to list these worthless shares and manipulate from as well.
Also the source of this article below re Buffett and Patrick Byrne's brother's offshore hedge fund is newsmax that like Agora Inc Baltimore penny stock and mortagate and oil and gold touting 'holding' and dumping 'company' and the National Taxpayers Union located a few blocks from the SEC office in Alexanria,Viginia,was foyunded by the person who started the 'naked short selling' lie in the first place - James Dale Davidson ! :

 http://archive.newsmax.com/archives/articles/2005/11/26/202513.shtml


Buffett Takes Hit on Hedge Fund

November 26,2005 Newsmax


A major hedge fund backed by billionaire Warren Buffett could lose up to $34 million due to a bad bet on interest rates.
Bermuda-based Value Capital LP, a $570 million hedge fund, lost the money sometime in the first nine months of 2005, according to documents filed by the fund for the Securities and Exchange Commission (SEC) on November 4.
Fund manager Mark Byrne told Bloomberg this week that his bet that long-term borrowing costs would rise faster than short-term rates as the US economy strengthened backfired. That didn't happen as the gap between 2-year and ten-year bond yields, known as the yield curve, narrowed by more than 1 percentage point to the smallest since January 2001, as the Federal Reserve raised the overnight bank lending rate 12 times, Bloomberg reports. Byrne's fund is down five percent so far in 2005.



Naked Short Selling Case Ensnares Ex-OptionsXpress CFO, Customer
April 16, 2012
Tom Steinert-Threlkeld
The Securities and Exchange Commission Monday charged the former chief financial officer of optionsXpress and three other officials of the online options and futures brokerage of engaging in “an abusive naked short selling scheme’’ involving billions of dollars of sham trades.
Charged in the case were one-time CFO Thomas E. Stern of Chicago as well as head of trading and customer service Peter J. Bottini and compliance officers Phillip J. Hoeh and Kevin E. Strine.
Also charged in the case was customer Jonathan I. Feldman. In the SEC’s order against Stern, Feldman and optionsXpress, the SEC cited violations of Regulation SHO, which prohibits naked short selling.
OptionsXpress and Feldman engaged in “reset transactions” that gave the illusion that the brokerage had purchased the securities that it needed to deliver in the trades involved, but which the federal regulator said it had not.
Attempts to locate Stern and Feldman or their lawyers were not successful.
Bottini, Hoeh and Strine settled the charges against them, in a separate administrative proceeding with the SEC.
OptionsXpress engaged in “continuous failures to deliver,’’ during a period that lasted from October 2008 to March 2010, according to the SEC.
That pre-dated the acquisition of optionsXpress by The Charles Schwab Corporation by roughly a year and a half. Charles Schwab completed its $1.0 billion acquisition of the options and futures brokerage in September 2011.
“We believe the evidence at trial will demonstrate that, 1, optionsXpress covered all assignments consistent with Reg SHO; 2, there was no downward pressure on prices; 3, no one was defrauded; and, 4, the trades were not shams,’’ said Stephen Senderowitz, a partner at the Chicago law firm of Winston & Strawn, on behalf of optionsXpress, now a Schwab subsidiary
All the traded were arm’s length market transactions. “They had economic risk, they had economic purposes. They were not novel or exotic,’’ Senderowitz said.
The SEC’s Enforcement Division alleged that the transactions — shams or not — impacted the market for issuers of securities.
For instance, the regulator said, optionsXpress customers including Feldman accounted for an average of 47.9 percent of the daily trading volume in one security, from Jan. 1, 2010 to Jan. 31, 2010.
In 2009, optionsXpress customer accounts engaging in the activity purchased approximately $5.7 billion worth of securities and sold short approximately $4 billion of options.
Feldman in that year purchased at least $2.9 billion of securities and sold short at least $1.7 billion of options through his account at optionsXpress.
Failure to deliver securities when due is a violation of Regulation SHO. Regulation SHO requires the delivery of equity securities to a registered clearing agency when delivery is due, generally three days after the trade date
Page 1 of 2.
http://www.securitiestechnologymonitor.com/news/naked-short-selling-optionsxpress-former-cfo-30373-1.html?ET=securitiesindustry:e3534:180629a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=SIN_DailyClose__041612

While Charles Schwab's market maker business aided and abetted stock frauds like Endovasc and Genemax that lied about shares being 'naked shorted' in 2002 they then sold that 'budsiness' to UBS of Switzerland right as I was wanting to ask them a lot of questions about illegal pumps and dumps they profited from being erroneously called 'naked shorting'.Yes Charles Schwab continues its criminals stock activity by buying this new marekket maker accused of so-callerd 'naked short selling',but Schwab knows they are all illegal pump and dump activity as they werew a decade ago when National Taxpayers Union and Agora Inc  founder made up the term to distract from illegal penny stock pump and dump andcorresponding offshore money laundering activities with money stolen from mainly American investors.Unfortunately the specific 'companies' that the Jewish Zionist money launderers Feldman and Stern were involved with in this SEC litigation or conventiently not mentioned or one could easily verify they were more illegal penny stock pumps and dumps the SEC did nothing about and is now lying by calling them 'naked shorting' to save SEC Chair and ex SEC crooks Christopher Cox and IG H David Kotz  tarnished reputations by calling them 'naked shorting' because they have all lied for years about 'naked sjuorting' without ever litigating a single case of said activity and now with this 'case'.And thry hsave allowed nundreds of fraudulent companies about it up to now,in the end not only penny stock 'companies' but big financial frauds from Fannie Mae to Goldman Sachs shares in 2008 ! And all the while Goldman Sachs shares werrew falling and thew SEC lying about it being due to 'naked shorting' they never came out and said that they were really themselves making another fortune shorting Fannie Mae Freddie Mac and probably even their own sheres themselves !




Below is a reply from the U.S.SEC’s Steven G Johnston claiming the U.S. SEC and its office Office of Investor Education and Advocacy,(who allow Matt Taibbi's Rolling Stone and main stream 'business' media such as NY Mayor Michael Bloomberg's Bloomberg,etc.,and penny stock fraud promotion websites such as Yahoo!, ragingbull.con, investorvillage, thesanitycheck.con, to post post lies about supposed ‘naked short selling’,( and death and torture threats to me from a known stock fraud money launderer named Bud Burrell),that I must seek proof that Fannie Mae and Freddie Mac were ‘naked shorted’ as claimed by Christopher Cox and the sec.gov website in 2008 through the FOIA of the SEC !
Note link below to sec.gov 2008 in which ex SEC Chairman Christopher Cox claims dividend paying stocks Fannie Mae,Freddie Mac,Goldman Sachs,etc.,(ha),were victims of ‘naked short selling’ or share counterfeiting and ‘Special Council’ Steven G Johnston’s reply to my request for the proof that Christopher Cox’s and sec.gov website is correct in its contention that Fannie Mae,Freddie Mac,Goldman Sachs,et.al. were ‘naked shorted’.The SEC fraud cover up artist Steven G Johnston claims I must ask for the evidence through the FOIA or Freedom Of Information Act.Note also that the loss to investors from the companies named as supposed victims of ‘naked short selling’,(most that paid dividends that every shareholder received thus proving the contention of IG H.David Kotz,Christopher Cox and Mary Schapiro a lie anyway),would greatly exceed the estimate of Bernie Madoff’s fraud,at least the one he got caught for.
Matt Taibbi and Rolling Stone have done a great piece of disinformation in their ‘naked short selling’ articles even using ex Utah SEC attorney Brent Baker who covered up for James Dale Davidson and a Porter Stansberry of Agora Inc and dismissed all charges re their Genemax and Endovasc penny stock pump and dump fraud.Baker was bribes with employment by Overstock.con CEO Patrick Byrne for dismissing charges against Davidson and he quit the SEC to be employed lieing about Overstock.con being a victim of ‘naked short selling.Strangely Brent Baker appears in a cameo roll in 9/11 because he was at the WTC to visit an unknown SEC client or whatever when 911 occured. ICTS International and Securacom were able to incorporate in Joe Biden’s state of Delaware and get on Bernie Madoff’s(now Sheik Mohamed Al Rashid of Dubai’s NASDAQ)and in a position to ‘guard’ Logan Airport and Dulles on 9/11, (while running their stock frauds),more easily than that !

Press Release: SEC Enhances Investor Protections Against NakedSEC
Enhances Investor Protections Against Naked Short Selling …
protections against “nakedshort selling in the securities of Fannie
Mae, Freddie Mac, … promote capital formation is more important now
than it has ever been,” said SEC Chairman Christopher Cox. …
www.sec.gov/news/press... …
sec.gov/news/press/200...

SEC Response - File HO1354085 [ ref:00D3JxQy.50037bxIY...

“Help” Thank you for your additional communication. If you filed a
complaint online …

“Help” to me

Thank you for your additional communication.

If you filed a complaint online using one of our online forms, the
complaint would either come to our office, the Office of Investor
Education and Advocacy, or to our Division of Enforcement. It sounds
like your complaint went to our Division of Enforcement, since we have
no record of the complaint.

Regarding the additional information you are seeking, it appears that
you are seeking information that is non-public. Requests for
non-public information are handled by our Freedom or Information Act
office. For further information, please click on FOIA at the bottom of
the SEC homepage, sec.gov.

I hope this information is helpful.

Sincerely,

Steven G. Johnston
Special Counsel
U.S. Securities and Exchange Commission


Note also that Mary Schapiro the corrupt SEC replacement for ex SEC Chairman Christopher Cox has mention 'dark pool' trading in the NASDAQ and NASDAQ is now over 20% owned by DUBAI Sheikh Mohammed bin Rashid Al Maktoum apparently as a consolation prize for having sent over $100,000 to Mohamed Atta pre 9/11 through Dubai banking system and not being able to take over security at U.S. ports through Dubai Ports.
Our own leaders have committed treason against America and Americans and Fannie Mae and Freddie Mac shares appear to have been methodically dumped from accounts around the world that siphoned money out of the accounts of Americans with those shares in their accounts and into anonymous or perhaps not so anonymous accounts because the DTCC and the SEC could track back to where diividends were sent before the criminal SEC Chair Chris Cox lied about Fannie Mae,Freddie Mac,Goldman Sachs and all those others in his 2008 list on sec.gov disinformation campaign.


News Sophisticate: Ever Heard of Sheikh Mohammed bin Rashid Al ... - Nov 7

When Sheikh Mohammed bin Rashid Al Maktoum decided he wanted a part of the western financial ... As of Sept 27th, Nasdaq and Dubai have attained 47.6% stake ...Ever heard of Sheikh Mohammed bin Rashid Al Maktoum? Me neither, but I'm studying up on him quick. Why, you ask?..well that's because soon he will be our new business partner. Yup..yours and mine. Every time we make a trade on the Nasdaq, he gets PAID.

How is that possible? Well, anything is possible if you're the Prime Minister and VP of the United Arab Emirates, as well as, the ruler of the city state, Dubai. So when the honorable Sheikh Mohammed bin Rashid Al Maktoum wants something..he gets it. Be it the world's largest aluminum smelter, the fastest growing airline company, ports, hotels, premiere soccer teams, cheap slave labor...the Sheikh can have it all.

When Sheikh Mohammed bin Rashid Al Maktoum decided he wanted a part of the western financial markets...he set his strategic plan to get it. On August 6, 2007 he created Borse Dubai, a holding company which essentially consolidated the all Dubai 'exchanges' under one 'holding' company. Now remember...The Sheikh owns this 'holding company' it is his. It is a STATE OWNED company.

Shortly after its' birth it began a bitter battle with NASDAQ for months over OMX. OMX is a Swedish/Finnish financial services company with an amazing highly desired integrated 'back end technology' which consolidates other money market 'exchanges'. Formed in 2003, OMX has become a financial leader which makes gaining OMX paramount.
[OMX] in addition to owning and running exchanges in Sweden, Denmark, Finland, Iceland and the Baltic states, provides technology to about 60 exchanges worldwide, including the Australian Securities Exchange, Nordic power market Nordpool and the Singapore Exchange. khaleejtimes
All that changed on Sept 20th when NASDAQ and Dubai announced they would partner up and attempt a highly controversial 'swap' trade. According to the NASDAQ Press release...NASDAQ Increases Certainty of OMX Combination

Borse Dubai to become a 19.99 Per Cent Shareholder in NASDAQ;
Restricted to 5 Per Cent V
oting Rights

Steps taken to allow DIFX to be rebranded with the NASDAQ Brand

NASDAQ to Become a Strategic Shareholder in DIFX

Borse Dubai Purchases a 28.0 Per Cent stake in LSE From NASDAQ
.....
Borse Dubai to become a 19.99% shareholder in NASDAQ (capped at
5 per cent voting rights)

NASDAQ will acquire all OMX shares to be purchased by Borse Dubai
in its offer for OMX

NASDAQ will become a strategic shareholder and the principal
commercial partner of Dubai International Financial Exchange
("DIFX")

http://newssophisticate.blogspot.com/2007/10/ever-heard-of-sheikh-mohammed-bin.htmlNote that Mary Schapiro who has also lied about stocks like Fannie Mae and Freddie Mac being 'naked shorted' to distract from offshore accounts that dumped them with the full knowledge of Mary Schapiro and her ex FINRA collueages such as the present IRS Commissioner Douglas Shulman  who self enriched themselves selling NASDAQ to to 9/11 money laundering and Zionist connected  Sheik Mohamed Al Rashid bin Maktou,also lied about her sell of NASADQ itself to offshore interests such as Dubai Sheik Maktoum !:http://www.senseoncents.com/2009/10/nasdaq-sale-why-would-schapiro-and-finra-execs-lie/
 NASDAQ Sale: Why Would Schapiro and FINRA Execs Lie?Posted by Larry Doyle on October 22, 2009

Writing about the integrity, or lack thereof, of a senior governmental official and other high ranking financial regulators is a serious topic. Given the seriousness of this topic, I do not treat it lightly. For newer readers here at Sense on Cents, I am referring to the commentary I wrote this past Monday entitled, Attorney Richard Greenfield Brands Mary Schapiro and FINRA Execs As “Liars.”
If in fact Ms. Schapiro and her FINRA colleagues lied, what was their motivation? We learn more about this amazing financial intrigue as on Tuesday a redacted version of a Second Amended Complaint brought on behalf of Standard Investment Chartered and all others similary situated  v FINRA, NYSE Group, Mary L. Schapiro, Richard F. Brueckner, T. Grant Callery, Todd Diganci, and Howard M. Schloss was made public.
Recall that the core of this complaint is a charge made by plaintiffs against defendants regarding the inappropriate allocation of proceeds generated from the sale of the Nasdaq Stock Exchange. That sale generated approximately $1.5 billion. FINRA paid out $35k per firm to approximately 5100 member firms for a total of approximately $175 million.............
..................

James Dale Davidson in his own words about his 'naked short' securities frauds and penny stock pump and dump activity.Although to promote a stock for purpose of dumping shares is illegal,the SEC looks the other way.I am the 'crazy dog' of his obsessions and was posting on ragingbull.com as did others to warn about his anti-naked short fraud 'NAANSS' used to divert attention of naive investors from the act that it was him dumping shares and not brokers 'naked shorting'.Mr.Davidson was founder of Agora Publications that has touted numerous questionable penny stocks over years years and has numerous websites and mail fraud scams.Agora even promoted CIA invested penny stock Ionatron that CIA insiders dumped.This post by James Dale Davidson on his Agora Inc. Vantage Point penny stock promotion website is from around 2004.Everything he says about his penny stock frauds being 'naked shorted' of course,is a lie.They were all illegal pumps and dups the U.S.SEC allowed and still protects.He was also involved along with ex Carlyle CEO and CIA murder suspect, Frank Carlucci,in the Israeli U.S.penny stock fraud against Americans called Pluristem that claims to use stem cells for medicine.PERHAPS THE ISREALI GOVERNMENT PROVIDES SPECIAL BANK ACCOUNTS FOR NON JEWISH CRIMINALS WITH U.S.
GOVERNMENT CONNECTIONS WHO AID AND ABET THEM IN STOCK FRAUD AND  MONEY LAUNDERING OPS AGAINST THEIR FELLOW AMERICANS.  :

http://www.vantagepoint-ia.com/Secure/IssueArchive/html%20ve&

Lies, Lies, Lies: Stalkers Meet the Stock Market

It is hard to imagine a retiree or a housewife with time on her hands suddenly deciding to make a hobby of posting anonymous slanders on the GeneMax thread. But one can read dozens of embittered messages there complaining of everything but the real problem. For example, some bozo whose screen name translates to "crazy dog" recently posted an outrageous slander of me: "Does Davidson, as founder of National Taxpayers Union, ever pay taxes on fraud pump-dumps he"s orchestrated using "naked shorting" as a subterfuge to mask his fraud?" In one sentence he manages to falsely imply that I have engaged in a whole range of felonies. I don"t know whether to feel flattered that the naked short sellers find me so formidable an opponent that they would stoop to anonymous smears, or to hire a bodyguard.

In any event, I would hope that Mr. "crazy dog" is well paid for his pains. With the possible exception of a few demented people I"ve crossed paths with, I can"t imagine anyone other than stalkers and major parishioners of naked short selling being so obsessed with me. And what humanitarian motive could explain the smears they pour down on GeneMax - a company that if it can raise sufficient funding may possibly help cure cancer? Go figure.

The Electronic Counterfeiter"s Worst Nightmare:
Circle Group Holdings Rallies 30,000%

The worst nightmare of naked short sellers is that the companies they attack should survive and actually succeed. When that happens, as recently occurred in the case of Circle Group Holdings Inc. (CXN: AMEX), the counterfeiters are obliged to enter the market and buy the duly authorized shares of the capital stock of the company they have sold. CXN rose by nearly 30,000%, from 3 cents to almost $9, as naked short sellers were obliged to buy and deliver shares they counterfeited prior to CXN"s move to the AMEX.

When you think of what happened in the case of Circle Group Holdings, you can see why the malicious charges leveled against me by anonymous smear-mongers on Web sites are ridiculous. If their assertions that I was orchestrating naked short selling were correct, I would hardly have become one of the leading critics of the practice. Nor would I continue to champion the causes of the companies I had "sent under" by allegedly selling wave after wave of electronically counterfeited stock.

And as the example of CXN demonstrates, the damage done to the share prices of companies targeted for destruction by electronic counterfeiters is also a measure of their upside potential - for everyone but the counterfeiters.

Of course, even the most virulent rantings of Mr. "crazy dog" are unlikely to carry much weight with thinking people. To orchestrate more effective smears, the electronic counterfeiters needed a more apparently credible platform. An Internet site called our-street. com emerged to fill the market arising from naked short sellers for seemingly trustworthy smears of small-cap companies that threaten to succeed.

Thus for one reason or another, our-street. com and its marquee character, who writes under the pseudonym Nick Tracy, stepped up to service this market. Our-street immediately began hurling accusations about securities violations left and right. I first became aware of Nick Tracy and his tendentious exposés when someone sent me a copy of an hysterical attack he did on ChampionLyte Products (CPLY: OTCBB) , a company in which I and a group of investors took a portfolio interest as it attempted to restructure its balance sheet and realize the potential of its low-carb sports drink.

James Davidson,Vantage Point


UK Indymedia - Pluristem Placentas,James Davidson,Leumi Bank ...
www.indymedia.org.uk/en/2007/07/377305.html30 Jul 2007 – Pluristem Placentas,James Dale Davidson,Leumi Bank Israel Holocaust Victims and U.S. Penny Stock Fraud......... Ezra Pound and James Dale ...

Strange bedfellows: Gretchen Morgenson and Patrick Byrne | Felix ...
blogs.reuters.com/.../strange-bedfellows-gretchen-morgenson-and-pa...26 Mar 2012 – Strange bedfellows: Gretchen Morgenson and Patrick Byrne ... Cohodes is furious at Goldman for one main reason: that after Lehman Brothers went bust, there ... And when he tried to move his positions to a hedge fund with ...

 Mitt Romney,Utah Mormon Gov Jon Hunstman,Securities Fraud ...
rochester.indymedia.org/newswire/display/20670/index.phpBillionaire's boy Patrick Byrne who bribes billionaire's boy Utah governor Jon .... all about it but her biggest contributers are hedge funds and no doubt penny stock con ... Endovasc involved with both the Grin brothers of Israel and James Dale ...

 http://observer.com/2010/01/shooting-the-naked-messengers/2/

 Shooting the Naked Messengers by Max Abelson

The infamous Judd Bagley who used Facebook to stalk enemies and children of enemikes of Geico Insurance billionaire's son Patrick Byrne of Overstock.com or Overstalk.con.:

 He met Mr. Byrne for two more hours of interviews, learning about naked short selling: Mr. Bagley, who’d been a Mormon missionary in Chile; a sidekick called Judd the Stunt Boy on a Salt Lake radio morning show; and a spokesperson for Jeb Bush’s gubernatorial administration, had never heard of it. “I’m a pretty spiritual person, and I have this belief that if you educate your conscience, it will tell you when you’re hearing the truth,” he said recently. “I thought, ‘I don’t understand this thing, but I know he’s telling the truth.’”

www.cryptometrics.com/news_NewZealandPassport.php
CryptoMetrics Announces Facial Recognition Contract With New Zealand Passport Office
SecurIDent(TM) Technology Has Been Performing ''Watch List'' Check and Comprehensive Quality Assessment of Passport Photos
Tuckahoe, NY – May 24, 2006 -
TUCKAHOE, N.Y. - (BUSINESS WIRE) - May 24, 2006 - CryptoMetrics, a leading global provider of facial recognition and fingerprint biometric solutions to the government, aviation security, law enforcement, military, homeland security and commercial markets, today announced that the New Zealand Passport Office has deployed its facial recognition technology as part of that country's ePassport initiative......
David Philp, Manager of the New Zealand Passport Office stated, "For those who are involved in international crime and possibly terrorist activity, obtaining a false Passport is often critical to success. CryptoMetrics' technology will greatly improve security at step one of the Passport issuance process, by automatically comparing every application's photograph against the departments Watch List of persons who have previously attempted identity fraud. We chose CryptoMetrics because its technology offered the highest levels of accuracy available, very fast processing time and a very unique ability to enhance the quality of existing photographs through a process called 'normalization'."
................................................................
Well the joke may be on New Zealand passport office's David Philp if Cryptometrics is connected to James Dale Dabidson who I believe although American still holds property and influence in New Zealand as well.Davidson is certainly connected to David Patch and Gary Valinoti of Jag Media Holdings the frauddulent shell Cryptometrics ju,ped into and has been doing yet and 'share distribution pump and dump and money laundering scheme ! Further Mr.Davidson has been clearly linked to Israelis of the Mossad type who were convicted in New Zealand for obtaining New Zealand passports illegally !

Attorney John O'Quinn,Warren Buffett, Overstock.com Patrick Byrne ...
rochester.indymedia.org/node/3130Do google search ' john o'quinn ryals ' for my writing on O'Quinn's aiding and ... Warren Buffett,apologist for Utah Overstock.com Patrick Byrne,Senator Bennett stock ... their death threats made to me and a hedge fund manager,Marc Cohodes.

 http://rochester.indymedia.org/node/3130


 Attorney John O'Quinn,Warren Buffett, Overstock.com Patrick Byrne,stock fraud


Mr. Buffett acknowledged that he has a "friend" who is very concerned with naked short selling, a reference to Patrick Byrne, the chairman and chief executive of Overstock.com, an online "close-out" retailer. He said that while the many companies that attract a lot of interest from short sellers "very often" are later revealed to be frauds, he noted that "The one my friend runs is not at all." Mr. Buffett and Mr. Byrne go back a long way; Mr. Byrne's father, Jack Byrne, was long-time head of Geico, Berkshire's automobile-insurance subsidiary. - from Wall Street Journal
Endovasc,Attorney O'Quinn,Warren Buffett, Overstock.com Patrick Byrne,stock fraud
This story has a Houston area connection because the fraudulent attorney John M O'Quinn has been and still is aiding and abetting massive penny stock fraud.Do google search ' john o'quinn ryals ' for my writing on O'Quinn's aiding and abetting of penny stock fraud that may include aiding and abetting of tax fraud and money laundering.
Attorney O'Quinn the sick Houston ambulance chaser and fraud upon American investors and traitor for allowing Endovasc and Dwight Cantrell,Judge Ken Reilly et.al. of Montgomery,Texas to do boiler room deals with Bellador Group of Dubai is also one of Patrick Byrne's many attorneys.
When you are a successful stock fraud attorneys are always available to defend your fraud and attorney O'Quinn loves helping criminals evade prosecution and gain from fraud,whether it be medical frauds or stock frauds or other.He should be disbarred by Texas bar along with his slimy partners in crime Wes Christian and Judge Ken Reilly of Montgomery, Texas.
Yes O'Quinn who would represent then ripoff women who were victims of silicon breast implants and then pull another medical-legal fraud involving 'silicosis' has no moral standards.But hey he owns the pope's old jalopy,bought for under a million and he buys and sells doctors and institutions in Houston so he must be doing something right....yeah far right as my article
titled,'The Byrnes,John Edwards,Attorney O'Quinn, Swift Boat Vets,Money Laundering ', whose link can be found below explains. :
http://chapelhill.indymedia.org/news/2005/10/16530.php
Below is from a 2002 BusinessWire press release where 'famed trial attorney O'Quinn ' lies about 'naked shorting ' to help the Endovasc fraud team of Montgomery,Texas.Of course the fraudulent attorney Wes Christian deserves kudos for helping post 911 money laundering with unaudited penny stock shares as well,(do google search ' bellador group ' ),that may have aided terrorism as well for all he knows or cares.:
Endovasc Announces Shareholder and Dividend Alert
Business Wire, Nov 12, 2002
Business Editors & Health/Medical Writers
MONTGOMERY, Texas--(BUSINESS WIRE)--Nov. 12, 2002
Endovasc (OTCBB:ENVC) - a biotechnology company with two new cardiovascular drugs approved for final FDA phase III trials -announced today that it has -- in the opinion of its consultants -- uncovered an oversold position in excess of 1,000,000 shares in the company's stock, held primarily by The Charles Schwab Corp. (NYSE:SCH), Ameritrade (Nasdaq:AMTD) and Refco. The findings are a result of an ongoing litigation intelligence work conducted in connection with the $216 million stock manipulation lawsuit filed by Endovasc and accepted on contingency basis by the legendary trial attorney John O'Quinn, who also won the record $17.3 billion dollar settlement for the State of Texas vs. Big Tobacco.
"The oversold position in our company's stock can actually be great news for our shareholders," says Dr. David P. Summers, Chairman and Chief Executive Officer of Endovasc. "The overselling in our stock in the past few weeks does not seem to have had a negative impact on our share price. But, if shareholders actually asked for physical delivery of the shares they bought, the market would probably have to pay a premium in order to deliver them."
Endovasc,Attorney O'Quinn,Warren Buffett,apologist for Utah Overstock.com Patrick Byrne,Senator Bennett stock fraud
Mr. Buffett acknowledged that he has a "friend" who is very concerned with naked short selling, a reference to Patrick Byrne, the chairman and chief executive of Overstock.com, an online "close-out" retailer. He said that while the many companies that attract a lot of interest from short sellers "very often" are later revealed to be frauds, he noted that "The one my friend runs is not at all." Mr. Buffett and Mr. Byrne go back a long way; Mr. Byrne's father, Jack Byrne, was long-time head of Geico, Berkshire's automobile-insurance subsidiary. - from Wall Street Journal
Warren Buffett,apologist for Utah Overstock.com Patrick Byrne,Senator Bennett stock fraud
Mr. Buffett acknowledged that he has a "friend" who is very concerned with naked short selling, a reference to Patrick Byrne, the chairman and chief executive of Overstock.com, an online "close-out" retailer. He said that while the many companies that attract a lot of interest from short sellers "very often" are later revealed to be frauds, he noted that "The one my friend runs is not at all." Mr. Buffett and Mr. Byrne go back a long way; Mr. Byrne's father, Jack Byrne, was long-time head of Geico, Berkshire's automobile-insurance subsidiary. - from Wall Street Journal
No one,particularly not the U.S. Securities Exchange Commission,challenges the massive internet cyber fraud of Yahoo message boards and ragingbull.com to promote a supposed 'anti-naked short selling' penny stock fraud and illegal touting or promotion and lieing of Utah Senator Bob Bennett and his favorite constituent Patrick Byrne son ex-Geico CEO Jack Byrne.
James J. Angel,Georgetown University,lap dancers and cyber fraud mafia
http://www.cleveland.indymedia.org/news/2005/11/17813.php
Those running this fraud appear to have very good Beltway connections as their representative to the SEC Senator Bob Bennett,proves.He even appears to condone their death threats made to me and a hedge fund manager,Marc Cohodes.:
Yahoo protects stock mafia , death threats
http://www.news.com.com/5208-1038-0.html?forumID=1&threadID=10346&messageID=76947&s
Senator Bob Bennett is either so corrupt or so senile he actually promoted a known penny stock fraud called Global Links and endorsed http://www.ncans.net sponsered by Patrick Byrne,whose only given address is the Cheetah Club whose owners,the Galardi's,were investigated under the U.S. Patriot Act !Mr.Bennett should do his patriotic duty and resign from the Senate !
Senator Bennett,penny stock scam,Cheetah Club
http://www.sandiego.indymedia.org/en/2005/07/110190.shtml
Warren Buffett who bought Geico from Patrick's daddy Jack Byrne for his Berkshire Hathaway Inc. even claims that Patrick is the only honest promoter of what has become a massive fraud on the U.S. penny stock market.Mr.Warren Buffett,why is your friend 'Dr.' Byrne who has done more to promote this massive fraud that claims Overstock.com and numerous penny stocks are being victimised by 'naked short selling',and that may include money laundering with unaudited U.S. penny stock shares issued by  corrupt money losing public companies,the only one who is just an idiot rather than a pump and dump 'securities' fraudster  and why has Berkshire Hathaway not invested in this fraud ? Why does Mr.Buffett believe it is a fraud only when someone other than his friends and former business associates engage in it ? Mr.Buffett ignores all together the many outrageous lies of Patrick Byrne,not only that his fraudulent claim that his  scammy Utah stock is being 'naked shorted' but that a 'Sith Lord' is responsible ! In truth, it is Patty Byrne,not a 'Sith Lord', who is running a fraud upon the investing public.
The Byrnes,John Edwards,Attorney O'Quinn,Swift Boat Vets,Money Laundering
http://www.chapelhill.indymedia.org/news/2005/10/16530.php
This fraud has links to Steve Forbe's and Grover Norquist's pal James Dale Davidson,founder of the National Taxpayers Union and his Agora Inc.,sleezy penny stock promoters located in Baltimore,Maryland.
Does Steve Forbes magazine cover up for National Taxpayers Union founder James Dale Davidson ?
Agora Inc.'s Bill Bonner and the far right James Dale Davidson, who ran the 'Clinton killed Vince Foster' smear campaign for Richard Mellon Scaife, et.al., unfortunately have many contacts in the Beltway, probably including within the SEC, that allow their frauds to continue. They even lobby our Congress with money they have defrauded from their illegal activities and Mr.Davidson's National Taxpayers Union is located in Alexandria,Virginia near the Securities Exchange Commission's Washingtovn,D.C. office  that so far protects their many years of securities frauds that may include both money laundering and tax evasion.
CFRN,Bud Burrell,attorney Ron Logan,'naked short' penny stock scam,Phoenix,Arizona
http://cleveland.indymedia.org/news/2006/02/18978.php
reviewjournal.com -- News: POLITICAL NOTEBOOK: GOP consultant aims ...Steve Wark GOP consultant has raised money to help Ralph Nader qualify for the ... Steve Wark helped establish Choices for America to raise money to help ...
http://www.reviewjournal.com/lvrj_home/ 2004/Jul-12-Mon-2004/news/24282787.html - 35k -
James Dale Davidson began the 'anti-naked short selling' scam called NAANSS' or National Association Against Naked Short Selling' in 2002 to cover up his illegal penny stock pump and dump frauds,particularly Endovasc and Genemax.Genemax was possibly named for his own right wing http://www.newsmax.com that is a mouthpiece for the Bush and neocon war machine. Patrick Byrne claims not to know Mr. Davidson and that he and his pal 'Bob O'Brien ' recreated Davidson's NAANSS fraud all by themselves.
However it is as unlikely that they created the very same fraud called NCANS or National Coalition Against Naked Short Selling that promotes a number of known penny stock frauds as supposed victims of 'naked short selling' without having heard of Davidson,Agora Inc. and NAANSS. The scammy website www.dailyreckoning.com that often promises 100's % returns is part of the James Dale Davidson, Agora Inc. penny stock fraud and internet cyber fraud operation that corrupts our SEC,our Congress and the White House.
Does Steve Forbes magazine cover up for National Taxpayers Union founder James Dale Davidson ?
http://www.okimc.org/newswire.php?story_id=1398
Bill Bonner now lies about being founder of Agora Inc. to cover up for James Dale Davidson who is awful quiet as Patrick Byrne and the anonymous 'Bob O'Brien' continue their anti-naked short selling fraud used to divert attention from insider stock manipulation and dumping of worthless shares.
' NCANS is NAANSS',Do Google search.
Roddy Boyd,business reporter for Rupert Murdoch's New York Post, claims he has proven Byrne's
 'business partner', 'Bob O'Brien', is really a person named 'Phil Saunders', yet he provides no proof whatsoever ! And we now know the New York Post is corrupt but what did we expect from Rupert Murdoch and the folks who bring us Fox ' News' ?
To NY Post re National Taxpayers Union, Agora Inc.,James Davidson,Rupert Murdoch
http://qc.indymedia.org/news/2005/12/5503.php
The billionaire, the Post and the $220G shakedown
Â
Page Six writer wanted $$$ to stop inaccurate coverage
BY WILLIAM SHERMAN
DAILY NEWS STAFF WRITER 
One was Jared Paul Stern, the New York Post's Page Six reporter and magazine editor. The other was Ron Burkle, a West Coast billionaire .... :
http://www.nydailynews.com/front/story/406794p-344411c.html
Although Patrick Byrne and 'Bob O'Brien ' feign outrage at Roddy Boyd's innocuous reporting on the fraud called Overstock.com he has done more to help the Patrick Byrne and ' Bob O'Brien' ncans.net fraud than anything and although the Yahoo OSTK message board does not allow one to mention James Dale Davidson without having one's email account confiscated or deleted and having your posts removed, you can mention 'Phil Saunders' all you want on Yahoo's scam stock message boards.
This is probably because James Dale Davidson really is behind the fraud although the lieing Patrick Byrne denies it of course.Below is a link to a buyins.net pdf  file that holds a Roddy Boyd article that the fraudulent buyins.net owner who was fined for securities fraud uses to promote itself.Roddy Boyd should be ashamed but of course Murdoch's ' news ' knows no shame as we have learned years ago.Still to blatently bribe billionaire's for good press and to allow buyins.net a known 'anti-naked short selling ' fraud site to use them for ' credibilty ' to lure and defruad suckers in a stock scam is really TOO MUCH Mr. Boyd ! :
http://www.buyins.net/articles/nypost.pdf+new+york+post+roddy+boyd+buyin|lang_en">http://72.14.207.104/search?q=cache:6ZC5duX6od4J:us&ct=clnk&cd=1&lr=lang_es">http://www.buyins.net/articles/nypost.pdf+new+york+post+roddy+boyd+buyin|lang_en
On a personal note I received email a while back from a Mark Mitchell of the formerly prestigious Columbia Journalism Review or CJR.He claimed interest in my writing on the fraud known as NCANS of Byrne and ' O'Brien '. I sensed it was rather strange that he demonstrated more interest in me than the issue itself.Mark Mitchel has since written absolutely nothing about ' naked shorting ' to my knowledge since he wrote me and I sense he may be sympathetic to the fraud just as Ralph Lambiase of NASAA who has aided and abetted the fraud ! Yes there is major corruption and it may extend to journalists as well.
Ralph Lambiase,NASAA : James Dale Davidson invented 'anti-naked shorting' scam
http://cleveland.indymedia.org/news/2005/11/17974.php
But Roddy Boyd and Mark Mitchell appear second rate journalists at best and although Boyd was included in SEC's journalist subpeona list along with WSJ's Carol Remond,Herb Greenburg and Jesse Eisinger that is because the spoiled billionaire's son and stock scamster Patrick Byrne cried to his SEC buddies about him for whatever and he was included in the subpeona they were writing. :
SEC Commissioner Christopher Cox vows to bring James Dale Guckert/Jeff Gannon to Justice
http://maritimes.indymedia.org/news/2006/03/11955.php
Time magazine's Daniel Kadlec is another example of a business journalist either duped or aiding the NCANS fraud of Patrick Byrne for whatever reasons of his own.Do google search, ' daniel kadlec ryals ', for my take on him.
Time Magazine, Daniel Kadlec duped by Houston attorneys Wes Christian and John O'Quinn
http://cleveland.indymedia.org/news/2005/11/17786.php
Because David Patch of investigatethesec.com is part of the anti-naked short selling ' fraud and a known touter of fraudulent penny stocks along with Gayle Essary of FinancialWire and also known to have ' worked ' with James Dale Davidson in touting Genemax and with the known stock fraud Gary Valinoti in touting his Jag Media Holdings fraud among many others,including Adnan Khashoggi's Genesis Intermedia,he is an example of one the SEC should investigate.The title of his scam websites hints of being a victim of the SEC when he is really a beneficiary of its orruption.
New Jersey Star-Ledger,legislature conned by stock fraud Gary Valinoti ?
http://cleveland.indymedia.org/news/2006/02/18926.php
For those interested updates on this massive fraud upon naive investors such as myself that appears to have Beltway backing and connections I highly recommend Gary Weiss' blogspot.He was a former Business Week journalist who wrote their,,The Mafia On Wall Steet ',exposes in the 1990's and has a new critically acclaimed book out titled,' Wall Street  vs America '. :
www.garyweiss.blogspot.com
Below,quote from and link to WSJ's recent article wherein Warren Buffett defends his 'friend' penny stock promoter and Overstock.com CEO and con artist Patrick Byrne.
Warren Buffett apologist for Utah Overstock.com Patrick Byrne stock fraud :
http://www.online.wsj.com/article/SB114684573302044986.html?mod=yahoo_hs
Selling Berkshire Short
Warren Buffett said he has no problems with short sellers and naked short sellers, who bet against stock that they haven't borrowed. "I don't have a great problem with that," said Mr. Buffett about naked short selling. "If anybody wants to do that with Berkshire, more power to them."
Mr. Buffett acknowledged that he has a "friend" who is very concerned with naked short selling, a reference to Patrick Byrne, the chairman and chief executive of Overstock.com, an online  "close-out" retailer.
He said that while the many companies that attract a lot of interest from short sellers "very often" are later revealed to be frauds, he noted that "The one my friend runs is not at all." Mr. Buffett and Mr. Byrne go back a long way; Mr. Byrne's father, Jack Byrne, was long-time head of Geico, Berkshire's automobile-insurance subsidiary.
"From our standpoint, we have no objection to people selling Berkshire short," Mr. Buffett added. "There's nothing I would love better than to be paid to lend out my shares to people who would short Berkshire shares," he said, referring to the high interest rates stock-lending brokers charge short sellers to borrow hard-to-borrow stock.
As for allegations that short sellers often try to "do things," sometimes inappropriately, to push down the prices of stocks so that they can profit, Mr. Buffett said some long-only investors also try to push up share prices inappropriately. "I have no ax to grind against short sellers," he said.
Mr. (Charlie)Munger, his business partner, noted that short selling is a difficult way to make a living. "It would be the most irritating thing in the world" to short a stock that soon tripled,with "the happy crooks flashing your money around while you're trying to meet
margin calls," he said.
Senator Bennett's SEC bs
Below,link to one of the many fraudulent websites aiding Mr.Patrick Byrne and his billionaire daddy's fraud.Although daddy Byrne,(Jack),has distanced himself from his son's fraudulent scheme in media interview, he continues to aid his son in the fraud called Overstock.com and the internet fraud sites sponsered by his son and investors money  that Patrick Byrne has defrauded with his lies, by remaining on the board of his son's fraudulent company.
Both of the scam artists,father and son,have aided both securities fraud in promoting the supposed 'anti-naked short selling' scheme that is most often used to aid insider stock manip[ulation and illegal 'pump and dump' activities as well as political fraud in aiding Republican neocons by supporting ' Swift Boat Captains Against Kerry' and funding a $1 million campaign against John Edwards by themselves,(or with defrauded investor's money),during the last presidential campaign.
Below is taken directly from one of the fraudulent websites called ' thesanitycheck ' that the ananymous
'Bob O'Brien ' ,Patrick's main partner in securities fraud
presides over. This only demonstrates how far Utah Senator Bob Bennett will go to aid the billionaire 's son who, with his father, provided over $1 million to
' dirty tricks ' campaigns against John Kerry and John Edwards in the last presidential campaign.:
Senator Bennett Covers A Lot Of Ground On Naked Short Selling
http://www.thesanitycheck.com/BobsSanityCheckBlog/tabid/56/EntryID/254/D.
'Here is the testimony from Senator Bennett today, in the hearing with Chairman Cox, head of the SEC. It speaks for itself:',...or so says ' Bob O'Brien'' who uses that alias rather than reveal his own name because he, like Patrick Byrne who funds his death threats and harrassment of those who are critical of Byrne or his Overstock.com pump and dump scam,know they are commiting securities fraud and may have gone too far even for Beltway connected insiders
.Bob O'Brien is apparenbtly paid to promote a number of other penny stock frauds as well and claims they are victims of 'naked shorting' when the truth is they are illegal pump and dump frauds the SEC refuses to close down probably because their management bribes the Republican Party mafia.:
Mexico Drug Bust,Tom DeLay,Adnan Khashoggi, Jeb Bush,Wally Hilliard Terrorist Flight School
http://www.phillyimc.org/en/2006/04/21660.shtml
Note the corrupt or senile Utah Senator Bob Bennett, in his discourse with SEC Chairman Christopher Cox who recently threatened WSJ business reporters with subpoenas to scare them away from investigating this internet securities fraud orchestrated by Republican contributers,also complains that if Mr.Cox doesn't aid penny stock fraud with U.S. securities there is the danger that those engaging in U.S. securities fraud,(that may include money laundering),may take their 'business' elsewhere.If only we were so lucky or Senator Bennett could get some psychiatric help for his own kleptomania and tendency to side with terrorists and criminals.
Note that a google search of words,' penny stocks money laundering ' will find mainly my writing and virtually NOTHING from the SEC ! Why ? If Mr.Cox is unaware that U.S. penny stocks are being used for money laundering or does nothing about it,he should resign.Mr.Cox ,you were WRONG about ' WMDS' in Iraq and you and Paul Atkins and John Reed Stark are ethically and morally wrong in allowing U.S. penny stocks to be used for offshore money laundering including Bellador Group's and other boiler rooms' use of them for money laundering and pump and dump fraud offshore that may be aiding terrorism you feign concern about right now ! :
SEN. BENNETT: Thank you. Several items.
Chairman Cox, thank you for being here, and welcome to your first
experience. I hope we have a lot of subsequent ones and that they are
pleasant. I heard the conversation about Sarbanes-Oxley. My
experience during the break was not the same as Senator Dodd's. I had
some venture capitalists tell me flatly they no longer do IPOs. And
Sarbanes-Oxley is the reason. And if it becomes necessary for them to
take a company public or if it's the logical thing, they look to do
it at some foreign exchange rather than in America.
So, as you do your analysis of the reports you have, this is
anecdotal, there's nothing scientific about it, but it's a different
kind of constituent response than the one that Senator Dodd --
MR. COX: Well, I appreciate that it's anecdotal. On the other hand, I
was speaking up at Harvard University recently, Harvard Business
School to a group of venture capitalists who expressed precisely the
same views.
SEN. BENNETT: Okay.
MR. COX: That is also anecdotal, as there are now two --
SEN. BENNETT: Right. Okay. Well, I -- I just -- I heard Senator Dodd
say he found nothing but good comments about it, and I had heard some
of the other kind. Let me move to a subject that I've been on for
some time and begin my remarks by saying that the SEC staff has been
responsive. I've been talking about this for maybe a year or more,
and they have -- staff members have been in and been in to see me.
But the problem still exists. We're talking about naked short selling
and the problems connected with that.
One of the things that I've been told that I want to lay down and say
I think this is an immaterial excuse, when they say, but you get 99
percent settlement, the FTDs are only in 1 percent of the dollar
volume, and therefore it's not really a big deal.
You made the comment earlier with respect to Sarbanes-Oxley that you
got 80 percent of the companies that might be made exempt, but if you
look at a market cap, it'll be very large. That same dichotomy exists
with respect to the naked short selling. I got into this because I
had constituents that had little companies, and for them, it's a huge
deal. And many of them insist that they've been destroyed by it --
that is, the naked short sellers keep hammering their stock until
finally they can't raise any money, the company goes under, and
nobody ever has to cover. And I don't know that that's the case;
again, this is an anecdotal accusation that's made.
But if indeed it is true, it's a demonstration of market manipulation
that is not only clearly illegal, but devastating to people who form
companies and then try to turn to the markets to raise money and
can't because the shorts keep hammering them.
I want to make it clear also, I do not think short selling is
improper. I have sold short in my investment life. Usually, I've been
burned by it, but I've done it. And the broker that handled it gave
me the old statement, "He who buys what isn't his'n" -- or "He who
sells what isn't his'n, must buy it back or go to prison." And
apparently, some of these people are not buying it back. I always had
to when I sold short.
And it's gotten into the news again. I started doing this because, as
I say, I heard from very small companies, who were my constituents,
and their stocks were traded on the pink sheets, and it looked like
nobody cared on the pink sheets. And they could hammer companies
there all day long with naked short selling, and nobody'd look at it.
And that's the thing that I raised with the SEC before. Well, now,
it's getting a little more current, see.
There was a piece in the Wall Street Journal on the 13th of April.
The headline said, "Despite SEC rules, a small amount of naked
shorting appears to persist," and in that article, they talk about
companies that have stayed on the list for months and months -- on
the list where the FTDs have not been cleaned up. Overstock.com,
Martha Stewart Living, Omnimedia and Krispy Kreme Doughnuts have been
on the threshold list for months.
Overstock.com happens to be located in Utah, and so that caught my eye.
Then, on the 12th of April, Forbes had a piece about short selling in
hedge funds, and how they felt that they were being taken advantage
of. The latest Bloomberg has a piece not specifically on short
selling, but entitled, "Corporate voting charade," and says that the
people who buy shares to sell them short, then get involved in proxy
fights and that people end up voting shares they don't own. They have
borrowed the shares for short-selling purposes, and then vote them
when they really have no interest in the long-term health of the
company. And there's an interesting chart in the Bloomberg piece
about how some close corporate elections were decided by the voters
of the short sales.
It says that Alaska Air Group, the short sales were 4 percent of the
winning votes -- 4 percent of the voting, and the winning votes were
2.4. Mony Group -- M-o-n-y -- 6.2 percent of the votes were in short
proxies, and the winning margin was 1.7. And El Paso, 67 percent were
short votes, and the winning margin was 17.2. And there are those who
say this whole situation cries out for more SEC oversight and
attention. So let me, with that, ask you the question; if you can't
answer it here, would like a response for the record. There have been
a lot of companies -- well, a lot -- several, we'll say several
companies have been on the Reg SHO Threshold List for a very long
time, and one of them, as I say, is one of my constituents.
Presumably, at least some of what has led to these companies to be on
the threshold list for so long is illegal short selling. So I would
like to know, as you examine the list, are you willing to use your
authority to have the SEC continue its pursuit of basic transparency
by requiring the disclosure of the amount of FTDs? (Pause.)
MR. COX: Well, you covered a lot of ground.
SEN. BENNETT: Yeah, and I apologize, maybe overwhelmed you here, but --
MR. COX: I'm trying to keep track of all of it.
SEN. BENNETT: We'll be happy to provide you with pieces of paper on
all of this.
MR. COX: Of course I'll take advantage of that, as well.
SEN. BENNETT: Sure.
MR. COX: To start at the beginning and end at the end, the
experiences that you describe, some of your own and many more that
you've been apprised of by your constituents and others, are
experiences that in some respects I've shared.
When I first came to the Congress in 1989, I served on a subcommittee
chaired by then- chairman of the Consumer, Commerce and Monetary
Affairs Subcommittee, Doug Barnard of Georgia, that focused for
several months on bear raids and short sellers and what was going on
in that industry. I share completely your approach to this problem
that short selling is a component part, and -- of healthy markets and
one that is perfectly respectable. And indeed it's an important check
and balance in our system.
From the standpoint of orderly markets, it's vitally important that
shares be delivered. These are contracts, and they have to be
fulfilled. And there has to be a rule of law. I also, moving to your
next point, agree with you that it is faint comfort for someone with
a micro-cap company to hear that statistically we're doing great,
that we're reducing these failures to deliver, and that life is much
better now than it's ever been before, because statistically we can
prove it's so. I mean, in a thinly traded company, life is different.
And so enforcing these rules in very different circumstances is also
vitally important. Having said that, I do think it is important to
recognize the progress that has been made under Regulation SHO, which
the commission, as you know, adopted in 2004, before I became
chairman.
That rule became fully effective in January of last year. It has a
modest ambition. It is designed not to eliminate but to reduce
failures to deliver on short sale transactions and to target
potentially problematic short selling, abusive naked short selling.
What I can commit to now is that when we have internalized and
understood the results of our examinations, which are now ongoing, of
compliance with Regulation SHO -- and we've completed the
examinations of some 45 firms that include comprehensive target exams
of 19 clearing firms -- that I will recommend changes to our rules if
those exams demonstrate that changes are necessary for the reasons
that you describe.
SEN. BENNETT: Let me just conclude -- and I -- Mr. Chairman, I
applaud what you're saying, and I'm sure you will go forward with
that. Picking up on what The Wall Street Journal had to say with
these three companies that are listed, that have been on list for
months, that might be one of the places to start. The company stays
on the list for months. That's an indication to me that there's
something going on that is unusual. I can understand an FTD.
I can understand a flood of FTDs for a variety of benign reasons. But
when a company is on the list one month, that says, "Well, okay,
there are just some problems." When they're on -- the same company's
on the list for two months -- well, maybe something is going on. We
need to pay -- when it's on for month after month after month and it
catches the attention of publications like the Journal, I think that
ought to be a rather informal but strong flag that says, "We ought to
pay attention at least to these companies to see why they keep
showing up on the threshold list." Thank you very much.
MR. COX: Thank you very much, and I hope to be able to follow up with
you on these things.
SEN. SHELBY: Thank you, Senator Bennett.

..........................

 http://216.139.253.38/newswire/display/25560/index.php
 Utah Senator Bob Bennett,Overtock.con's Patrick Byrne,Tangled Up in Striptease Stock Scam

by Tony Ryals, 27 Feb 2006

 Below are posts from the Yahoo OSTK message board of Patrick Byrne's Overstock.com who has been at the forefront of the fraudulent claim that his generally failing company and stock price is being 'naked shorted' by,I kid you not,a Sith Lord ! And because he and his daddy, billionaire Geico insurance man Jack Byrne,spent over $1,000,000 of their own,or defrauded investors' money,in anti-John Edwards and Kerry political campaign,he bought,or bribed in my opinion,much good will from corrupt politicians such as Utah Senator Bob Bennett who also made the fraudulent claim that another Nevada penny stock,Global Links,that has a Mormon CEO connection I believe,was also 'naked shorted' !

 nteresting that the www.ncans.net 'naked short' penny stock mafia chose a strip joint or lap dance club in Las Vegas as its only address and now we find Steve Wark ex-Clark County Republican commissioner is connected to the fraud whose only known address is the Cheetah Club of Las Vegas,the only strip or lap dance club to my knowledge ever investigated, for whatever reason, under the Patriot Act.......
 ..............................

Utah Gov Jon Huntsman Jr.,Senator Bob Bennett,Orin Hatch call Senator Shelby stock fraud
by Tony Ryals( endoscam [at] lycos.com )
Sunday Sep 24th, 2006

 Actually Patrick Byrne only calls Alabama Senator Richard Shelby a 'gangster'.It is Patrick Byrne ,along with his billionaire daddy Jack,who funds Republican 'dirty tricks' with dirty money from his Overstock.com pump and dump stock scam out of Utah.He is the one who commits and aids and abets stock fraud, including on an international scale with worthless U.S. penny stocks.And Utah's moronic Mormon Republican political 'leaders' such as Utah's Governor Jon Huntsman Jr. and Utah 's U.S. Senators Bob Bennett and Orin Hatch in turn help him............

..........................

 http://www.offshorealert.com/WorkArea/threadeddisc/print_thread.aspx?id=60&g=posts&t=38968
 Senator Bob Bennett,Dave Patch,Paul Floto,Conseco,Global Links

 Then below is statement from David Patch on his and Patrick Byrne's and probably James Dale Davidson's NCANS'or the
'thesanitycheck.con' website that paid for a $100,000+ Washington Post ad in February 8,2005 addressed both to U.S. President W Bush and the SEC about the grave threat to the stock markets posed by(you guessed it) 'naked shorting'.
Does the forum here or Mr. Lespearance who asked me awhile back about all this really still have any doubts that Chris Cox and the Bush administration are knowingly aiding and abetting this organized fraud!?



 ..........................
 http://archive.newsmax.com/archives/articles/2005/11/26/202513.shtml

  Buffett Takes Hit on Hedge Fund
MoneyNews
Saturday, Nov. 26, 2005












(Headlines - scroll down for full stories)
1. Buffett Fund Could Lose Millions
2. iPods in, Denims Out, Kids Say This Xmas

1. Buffett Fund Could Lose Millions
A major hedge fund backed by billionaire Warren Buffett could lose up to $34 million due to a bad bet on interest rates.
Bermuda-based Value Capital LP, a $570 million hedge fund, lost the money sometime in the first nine months of 2005, according to documents filed by the fund for the Securities and Exchange Commission (SEC) on November 4.
Fund manager Mark Byrne told Bloomberg this week that his bet that long-term borrowing costs would rise faster than short-term rates as the US economy strengthened backfired. That didn't happen as the gap between 2-year and ten-year bond yields, known as the yield curve, narrowed by more than 1 percentage point to the smallest since January 2001, as the Federal Reserve raised the overnight bank lending rate 12 times, Bloomberg reports. Byrne's fund is down five percent so far in 2005.


"I don't understand why the yield curve is so flat," a perplexed Byrne told the wire service. "We had bets in the direction of a steepening yield curve as the U.S. recovered from its cycle and the Fed started to raise rates."
Berkshire Hathaway had invested about $430 million in the seven-year-old fund through the end of 2002 and recorded $173 million of profits, a March 2003 filing with the SEC shows. The investment company sold $125 million from the fund in December, 2004, cutting its fund holdings to 62 percent from 90 percent on June 30, 2004, according to an SEC filing in March.
Bloomberg says that Byrne wasn't the only money manager to make the wrong call on the yield curve. Relative-value arbitrage hedge fund is down almost 1.7 percent this year, according to Chicago-based Hedge Fund Research Inc.
"A lot of people who placed bets on the yield curve steepening did get hammered," Duncan Hennes, chief executive officer of PFG Advisors, a Greenwich, Connecticut, hedge fund firm, told Bloomberg.
Analysts say that a 65 percent rise in Treasury bonds that were purchased by foreign investors have rocked the fixed income market this year. The influx of foreign cash has reduced volatility, in the bond market and hedge funds like Value Capital looks to capitalize on big price swings to register portfolio gains. "A huge excess of liquidity in the world has created a lot of buyers for bonds," Byrne told Bloomberg. "That could explain both the low volatility and the low level of long-term yields."

Value Capital has been in the black for the past six years, earning an average annual return of 7.5 percent for Berkshire Hathaway after fees and expenses.
It's not Buffet's habit to entrust money in funds managed by outside fund managers.
But there may be some nepotism in the air. Bloomberg reports that Byrne is the son of Jack Byrne, who became chief executive officer of Geico Corp. in 1976 and saved it from bankruptcy after Berkshire Hathaway invested in the auto insurer. Patrick Byrne, Mark Byrne's brother, worked from 1997 to 1999 as CEO of Fechheimer Brothers Co., a uniform maker owned by Berkshire Hathaway.
"We've made a lot of money with the Byrne family," Buffett told Berkshire Hathaway shareholders at the company's 2003 annual meeting. "I've looked at Mark's portfolio and I like the positions."