Tuesday, July 28, 2009

Senator Ted Kaufman of Delaware

Congratulations to the people of Delaware who have a real mover and shaker amongst them. This cowboy pushed and pulled for what the SEC will not do.

The lack of leadership coming from the SEC on the total ban of naked short selling by requiring a "hard-locate" and preborrow requirement is business as usual for the fat cats on Wall Street and around the world. The likes of Milken and Cohen and their ilk are open for business to do what they do best, push the envelope to continue the business of their bear raids.

Why the SEC is holding a roundtable to discuss naked short selling in the next 60 days is almost unfathomable, but then it is the SEC and you can ask any Madoff client about how effective they are in acting on all of the information at hand to combat the fraud and crime in naked short selling.

I sure hope the boys from DeepCapture.com are invited to sit with Ms. Shapiro of the SEC at the roundtable. She may learn a thing or two if she really cares.

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