Comments on: Blankfein: We Were Dicks, We Admit It

By: keefriffhards

keefriffhards — Thu, 14 Jan 2010 03:13:01 +0000

Taibbi is a great asset to the writing community. I seriously doubt Blankfein is human.

By: tonyryals

tonyryals — Mon, 23 Nov 2009 03:38:30 +0000

To give you some idea how hard it is to get a logical answer or really any answer at all from the U.S.SEC and its fraudulent ‘investor education’ service I present this correspondence with ‘Special Counsel’ Steven G. Johnston as a fine example.I sent the questions as you can see on November 5.But look they say they can’t even find my complaint from 2003 in their records and maybe I have the wrong department or SEC or something.The reason I wanted a copy of my original complaint re Endovasc was in order to post it on the internet for the record.The reason I don’t have my copy is that both ragingbull and their Lycos email and Yahoo email ’service’ used to delete my accounts and steal whatever mail was in my email account as punishment for criticizing stock fraud on the websites !
Note I was NOT just asking for my old complaint,I was asking what proof that Christopher Cox and the SEC had for saying dividend paying Fannie Mae,Freddie Mac were ‘naked shorted’ as the SEC and ex SEC Chairman Christopher Cox say on their own sec.gov website in the link I provise below.(Worse yet that the SEC’s additional claims that Goldman Sachs,AIG,Bear Sterns,UBS,Bank America,etc.,etc,WERE ALSO ‘NAKED SHORTED’go unchallenged by all the bought and sold so-called ‘business journalists’..Ha.Does Matt Taibbi believe as the SEC and Chris Cox claim,the Goldman Sachs shares were ‘naked shorted’ as well !? And if so who did it,a ‘Sith Lord’ as Patrick Byrne and presumably his ex SEC attorney Brent Baker maintain !?)
Don’t you believe as I do that the public and particularly people such as myself who suspect we were defrauded by ‘public companies’ who made fraudulent ‘naked short selling’ claims and who the SEC allows to sell their worthless shares over the internet deserve proof when the SEC itself(not just the con artists they allow to run public companies)uses its or our own sec.gov federal government website to promote what to me appears a dangerous ‘naked short selling’ rumor at best and probable fraudulant lie ? It’s no better than James Dale Davidson posting his rumor that Bill Clinton,who he turned on after supporting and funding his first presidential campaign,killed Vince Foster with no proof whatsoever !
In fact it is James Dale Davidson who started the naked shorting rumor himself with his NAANSS or National Association Against Naked Short Selling 2002 that Patrick Byrne and Christopher Cox as well as Senators Carl Levin,Arlen Specter,Bob Bennett,Chuck Grassley et.al. continue to promote out of ignorance or outright contempt of the American public with intent to defraud ! Am I wrong or are they ? Why can’t they just provide the proof and answer my queries so I can post the SEC’s and Mary Schapiro’s and Christopher Cox’s proof on the internet that dividend paying Fannie Mae and Freddie Mac shares were ‘naked shorted’ or counterrfeited once and for all ?
Do these U.S. government scumbags, pimps and prostititutes of fraud realize what it is like to be an American post 9/11 in a world where they as supposed elected officials who should be concerned about money laundering, not only allow stock fraudsters to steal me and so many others blind(particularly through Dubai Sheik Mohammed bin Rashid Al Maktoum’s NADSAQ and OTC penny stock market),but then actually lie about naked shorting themselves outright ? I say this because it appears to me that post 9/11 somehow those in positions of power decided that if they could cover up for ICTS International who guarded Logan Airport on 9/11 and Securacom who guarded Dulles and the ‘IT’ Odigo fraud, etc.(they being both stock frauds and foreign corporate sabotage in my opinion),and protect them even though they were U.S. incorporated public companies and in sec.gov’s own filings and archives then they could, really, in the name of their ‘war on terror’ fraud anything goes and if someone like me gets in the way of or is conned into a stock fraud using U.S.penny stocks in offshore accounts such as Bellador Group of Kuala Lumpur that cold called Endovasc shares among others(such as CIA’s SRA International and Republican Party connected China Wireless) in Hong Kong,etc.,(until the Hong Kong SEC had enough regard for its citizens to demand cease and desist) then I was not to be protected by the U.S. SEC or the U.S.government but instead terrorized by the likes of Robert Maheu connected Bud Burrell of thesanitycheck.con and CMKX Diamonds and USXP and CFRN or Christian Financial Radio Network as well as some penny stock he ran that claimed ‘dark pool’ trading was its business .According to Mark Cuban’s blogmaverick, Bud Burrel was even part of the Endovasc fraud that ripped me off as well and Burrell claims all these scams were ‘naked shorted and if you don’t like it he’d like to torture and kill you at the pleasure of the U.S. SEC and the U.S. government ! His pal Patrick Byrnre of Overstock.con even gave Barack Obama’s U.S.Ambassador to China $75,000 from his stock frauds when he was governor of Utah !I feel like I entered the twilight zone a long time ago.
But I’m getting distracted and wish to focus only open the one question to the SEC below.What is the SEC’s proof that Fannie Mae,Freddie Mac and other stocks named on their website were really ‘naked shorted’ ? Below my dialogue with SEC ‘Special Counsel’ Note SEC’s Steven G. Johnston does not even address me by my name in his reply :

Thank you for your additional communication.

Our office has no record of a 2003 complaint with us. If you filed the complaint with another division of the SEC, you may wish to contact that division.

I hope this information is helpful.

Sincerely,

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

QUESTION

Submitted: 2009-11-05

INVESTOR INFORMATION
Name: Mr. Tony Ryals
Day Phone:
Email: wolfblitzzer0@gmail.com

Dear SEC and Steven G. Johnston,
First there is only one SEC office in Alexandria,Virgina and I sent
and lodged my complaint using the SEC’s own official internet
complaint format.But you must realize there were TWO queries I sent to
you NOT JUST ONE.So the SEC HAS SOMEHOW LOST MY COMPLAINT re the
Endovasc biotech pump and dump scam,James Dale Davidson(founder of
the National Taxpayers Union who still runs penny stock scams a few
blocks away from you at his NTU office in Alexandria) and Virginia
Heritage Bank penny stock conman David P Summers (who posed as a Texas
biotech exec and inventor from Montgomery,Texas while running the scam from the Beltway,(where he really resided and resides),and then
claiming it was a victim of ‘naked shorting’ or an ‘oversold’ position
in press releases of 2002.No surprise.

However my other and more important query both to me and MANY
investors who lost money in companies making fraudulent ‘naked short
selling’ victim claims are the cases of dividend paying Fannie Mae
and Freddie Mac.If Christopher Cox was correct in his sec.gov press
release of July 15, 2008 (with link below) that shares of Fannie Mae
and Freddie Mac were ‘counterfeited’ or ‘naked shorted’ why did not
some shareholders come forward to claim they did not receive their
dividends ? This question is really very simple but may to too complex
for you Mr. Johnston.Maybe you are new to the SEC and didn’t even
realize Cox claimed those dividend paying U.S. government connected
‘public’ companies shares were ‘naked shorted’ or ‘counterfeited’.

What remaining question I am asking is either the evidence ex SEC
Chairman Christopher Cox based his claim on that Fannie Mae,Freddie
Mac,Goldman Sachs,etc., were ‘naked shorted in the press release of
July 15, 2008 below so that I can present this to other concerned
parties or an acknowledgement that,( like Patrick Byrne and his NCANS
and James Dale Davidson and his NAANSS before that ) ex SEC Chairman
Christopher Cox and the Securities Exchange Commission has and had no
evidence at the time that the SEC and Christopher Cox released the
statement below to back up Cox’s claim that Fannie Mae and Freddie
Mac were ‘naked shorted’.By evidence I mean which market makers and
how many ‘naked short’ or ‘counterfeit’ shares did they have out on
each individual company,(particularly Fannie Mac and Freddie Mac but
all dividend paying companies named by ex SEC Chair Chris Cox in his
press release of July 15, 2008) and how long did the ‘naked shorts’
or ‘counterfeit shares circulate in the float(s),before real share
were purchased to replace them.And if indeed there was ‘naked
shorting’ or counterfeiting’ of shares’ how come all investors
received their dividends ?
Sincerely,
Tony Ryals

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 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 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

By: mackenna

mackenna — Mon, 23 Nov 2009 03:01:42 +0000

“Facing Criticism, Goldman Sachs Cancels Plan to Dance Around Bonfire of Thousand-dollar Bills” http://tinyurl.com/ydorfm6

MY GOD, WHEN DO WE GET TO DANCE AROUND A BONFIRE OF BURNING GOLDMAN SACHS EXECUTIVES?

By: citizenpat

citizenpat — Sun, 22 Nov 2009 20:52:18 +0000

Yes, indeed, Blankfein and Goldman are a lovely bunch. And now, knowing full well that they were a kingpin in destroying the economy, our government wants to knowingly let them play a key role in cap and trade. When will we learn?! As Matt’s Rolling Stone article pointed out, Goldman always finds its way to wherever the action is, and always disproportionately profits.

By: noslanttruth

noslanttruth — Sat, 21 Nov 2009 21:47:22 +0000

If you want to see how stupid evil is, watch Blankfein in action. One day he proclaims, with or without a mock sneer on his face, that Goldman is doing God’s work. The next day he’s apologizing for whatever the hell it is that Goldman has done.
Blankfein is flaunting this flip-flop in the smugly secure knowledge that the schnooks who want his head on a pike will be stupefied by the very curious, really rather inexplicable stock market bubble that has puffed up since March in the face of economic meltdown and be distracted long enough for Goldman & Ilk to cash in their stock option bonuses.

By: dburn

dburn — Sat, 21 Nov 2009 21:27:36 +0000

I’m not up on your situation, but I do wish more balance had been in that piece. There is no question that it goes on . But with split second trades the norm, it’s just not possible to do locates.

With that said, there is nothing stopping the SEC from monitoring the level of shares sold short and sending out a block message to all brokers. Something similar was done during the “bullshit.com” era when brokers routinely posted a list of stocks that could not be bought or sold on margin. It was an active list too in that it would block an order from being entered. Many people were getting burned on both sides of the trade.

So is it the short sellers fault or the Govt’s fault for not putting more safeguards up? I’m guessing , but I think more people have lost money on massive pump and dumps with the rumors of huge acquisitions, the old comparative value trick, and major contracts rumors filling the “tubes” to lure people into buying stocks that had nothing but air in them.

Short selling is anathema to the public’s perception of fairness in the markets. How could anyone bet on a company’s failure? Meaning how could anyone bet on my investment going down? That’s why it seems to be a popular media target.

An equal side of the piece would have been comparing losses that Abbie Cohen, Henry Blodgett and Mary Meeker caused with their out of mind price targets on companies that had never seen a a dime of profit. I remember one company that reached an unfathomable 80 Billion in market cap being described as a software feature, not a company. Sales were somewhere in the neighborhood of 200 million and profits were nowhere in sight. That was during the B2B rage in Bullshit.com after wired wrote a article called (paraphrased) the next three trillion dollar market .

Suddenly VC firms were financing B2B start-ups and they came pouring out of Goldman Sachs and all the other peddlers of crap.

People bought it at the top when some of this companies , who aren’t around today saw their market caps climb into the 100s of billions with the encouragement of the paid for analysts and lost all their savings.

Yes they should have been more careful, but a whole industry of on-line brokerages was build on the notion that anybody could buy and sell their way to unheard of fortunes with commercials of little billy landing his helicopter in the front yard after trading on his Dad’s account.

Then our media picked success stories of people who didn’t know better , who had bought a stock and watched it appreciate 2,500% in one year. They would shrug and look in the camera and say “Don’t all stocks do that?”

That side needs to be told in as much depth as the manipulations and rumors that go on that produce naked short selling. But it just wasn’t during “bullshit.com.”

Who hasn’t heard the story of the CEO of Point Blank Armor, a pink sheet company, who paid off some in congress and the Dod to be the sole source supplier for body armor for the troops during the Iraq war from 2003-2005.

The stock was pumped. The CEO cashed out over a 100 million as soldiers were dying in Iraq because his company didn’t have the funds to expand to meet the urgent need. This is when you saw soldiers being forced to wear Vietnam era flack jackets. It took until late 2004 until the army was able to get out of the contract..

The now ex-ceo had a 10 Million dollar party for his daughter in which Aerosmith did the music duty as soldiers were dying.

This stuff goes on all the time . This time people lost their lives and loved ones because of it. That never should have happened. But that’s one of the ways that people get burned on the way up as well as on the way down.

More balance in media coverage of this would be helpful. I point that out here because Matt is different from his counterparts. We just expect more from you Matt. That’s life on the top.

By: tonyryals

tonyryals — Sat, 21 Nov 2009 06:03:09 +0000

Again with a couple of links:
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 bribed 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.
Note that Gary Weiss who I often disagree with and don’t trust for an being apologist for con artist Sam Antar and other stock con artists and who is as bad as the stock market ills he claims to fight,at least has Brent Baker correct in his speel below.I wish Taibbi would get his facts straight and do his dd before lending credibility to such crooks as Brent Baker who now adds Stanfoed hedge fund crooks to his list of clients along with penny stock scum who claim they didn’t pump and dump but were instead ‘naked shorted’ by a ‘Sith Lord’.Yeah sure Matt..

Brent Baker,Stanford Hedge Fund:
Utah lawyer relishes high-stakes battle

Client’s indictment in $8 billion fraud case puts SLC’s Brent Baker on national stage … billion fraud committed at the Texas-based Stanford Investment Group. … south tower of the World Trade Center. Outside the Embassy Suites Hotel … At the SEC, Baker also became involved in the issue of naked short-selling, …
http://www.parsonsbehlelaw.com/…/Utah-Lawyer-Relishes-High-stakes-Battle.pdf
………….

Matt Taibbi based his entire recent, wretched Rolling Stone article on that same premise, which turns out to be false. No surprise, as most of his named sources were related to Overstock.com’s wack-a-doo CEO Patrick Byrne, or were otherwise old veterans of the NSS conspiracy circuit. Among them were someone from the Haverford Group, which he didn’t mention is a Byrne-owned company, and ex-Overstock lawyer Brent Baker, without his mentioning that his client list includes two of the most wretched companies to use NSS as an excuse, Universal Express and the recently-indicted CMKM Diamonds. – Gary Weiss

By: tonyryals

tonyryals — Sat, 21 Nov 2009 05:14:37 +0000

nomar5,
Well I’m glad you approve of Sheikh Mohamed Al Rashid Maktoum of Dubai’s NASDAQ as arbitrater of companies and whether they are laundering money by way of Dubai and on to Israel etc. that was stolen from American investors. Certainly the Israeli money launderers
approve of the Sheik Al Rashid Makturd whose country sent over $100,000 to Mohamed Atta in Venice,Florida pre 911 but then again if Patty Byrne’s Overstock.con is no longer a clean mean money laundering machine maybe he should be moved out of the way to see if perhaps the Grin brothers – Eugene,David, Abraham – of Israel,(or the Ukraine as Forbes calls it),can come back in and pump us up.Or at least pump the Israeli mafia up with the aid of their pál and Dick Cheney,et.al.’s pal Sheikh Mohemad of Dubai’s NASDAQ !
Petroalgae anyone ? I’m sure glad you are selective about your scum.Maybe the Sheik’s NASDAQ is an improvement of Bernie Madoff’s NASDAQ but it seems like the same old NASDAQ to me.Anyway even if Byrne’s and his corrupt ex SEC attorney Brent Baker’s,Overstock.con is removed from NASDAQ the Sheikh’s new improved stock fraud NASDAQ website allows criminals to fake being on the NASDAQ.Even Virginia
Heritage Bank of Endovasc money lauinderer David P Summers is able to appear on the Sheikh’s NASDAQ internet site even though it has never filed ANY SEC filing ! And Grin bros Petroalgae and even Menachem Atzmon of Israeli Likud Party money laundering fame and the security and securities fraud ICTS International that ‘guarded’ Logan Airport Boston on 911 and that was delisted before and finally removed from NASDAQ in 2006 is now back on the Sheikh of Dubai’s ‘new’ NASDAQ
website ! BERNIE MADOFF,EAT YOUR HEART OUT.. Israeli and as well as Christo and Islamo fascists and money launderes love their Dubai Sheikh of the NASDAQ !

By: bhatanyreport

bhatanyreport — Fri, 20 Nov 2009 21:49:08 +0000

Any comment on the Federal Reserve audit bill? Is this the first time the Fed has lost in Congress?

By: sgtdoom

sgtdoom — Fri, 20 Nov 2009 18:28:12 +0000

The big apology before the hammer falls. I suspect Goldman will shortly be laying off Jesus — whom, as they have previously stated, works for GS? Dare I be correct?