Destroying Companies For Profit

If you liked this video, please vote for it and my two other entries at another contest - deadline Nov 15th.

Please LOG IN here:
https://auctions.overstock.com/cgi-bin/auctions.cgi?PAGE=LOGON&redirect_url=...://community.overstock.com/contest/entries_inc.php?id=2&ostkhdr=0

If you do not already have an account, please create one (credit card needed just for verification - it's free - but billing address must be in the USA),

and vote for my 3 entries -

Answered on Oct. 26, 2008 by tomvallarino
Answered on Oct. 26, 2008 by tomvallarino
Answered on Nov. 1, 2008 by tomvallarino

Many Many thanks.
Tom Vallarino

Website for detailed information set up here:
http://investorprotectioncoalition.org/

Yes, we did it! More people will find out about this Wall Street fraud and hopefully it gets more media attention after that. Kudos, tommytoyz!

I do not hold a collage degree I did not graduate high school. But i can see how this will destroy our economy even more than it already has. This must stoped if we aare to have a future for our selves and our childeren.

Awesome job of putting this together - very timely with what is going on in Washington and Wall Street with the bailout.

German Poem, atributed to Poet and journalist, the late Kurt Tucholsky (1890 1935):

Wenn die Börsenkurse fallen,
regt sich Kummer fast bei allen,
aber manche blühen auf:
Ihr Rezept heißt Leerverkauf.

Keck verhökern diese Knaben
Dinge, die sie gar nicht haben,
treten selbst den Absturz los,
den sie brauchen - echt famos!

Leichter noch bei solchen Taten
tun sie sich mit Derivaten:
Wenn Papier den Wert frisiert,
wird die Wirkung potenziert.

Wenn in Folge Banken krachen,
haben Sparer nichts zu lachen,
und die Hypothek aufs Haus
heißt, Bewohner müssen raus.

Trifft's hingegen große Banken,
kommt die ganze Welt ins Wanken -
auch die Spekulantenbrut
zittert jetzt um Hab und Gut!

Soll man das System gefährden?
Da muss eingeschritten werden:
Der Gewinn, der bleibt privat,
die Verluste kauft der Staat.

Dazu braucht der Staat Kredite,
und das bringt erneut Profite,
hat man doch in jenem Land
die Regierung in der Hand.

Für die Zechen dieser Frechen
hat der Kleine Mann zu blechen
und - das ist das Feine ja -
nicht nur in Amerika!

Und wenn Kurse wieder steigen,
fängt von vorne an der Reigen -
ist halt Umverteilung pur,
stets in eine Richtung nur.

Aber sollten sich die Massen
das mal nimmer bieten lassen,
ist der Ausweg längst bedacht:
Dann wird bisschen Krieg gemacht.

Even back then and in Germany, naked short selling had a name :"Leerverkauf"

literally it means, "Empty Sale".

The poem goes onto describe unscrupulous people profiting by selling what they do not have while others suffer. The end describes how an exit strategy is planned should the villagers come after them with torches - a bit of warfare.

It's beautifully written by someone who obviously understood what the scheme was. Like the Henry Ford quote, it seems little has changed in 100 years.

This is all just a continuation of Ronald's "smaller government"/deregulation. It started with legitimate companies buying out other legitimate companies and then raiding them, taking the best it had and throwing the rest out the door, with no concern for the workers at all. I reckon it finally got to where little 'big shots' wanted to get in on the action, so they created phantom companies to get investors.
It's all called 'creative accounting' and it all ought to be absolutely against the law.
I dropped out of business school in my senior year about 30 years ago because they were starting to teach this c#*p. And they're probably still teaching impressionable young minds how to lie, cheat and steal.

I cannot add any more to these great comments. It is all true and the pigs should be butchered. Along with their supporters. They should all be imprisioned with their assets forfeited. Or impaled!

What started with the FED and the corrupt investment banks on Wall Street has now spread around the world.

Listen to what Bernie Sanders (Independent Vt) had to say to former FED Chairman Greenspan in 2005: http://www.brasschecktv.com/page/454.html

This video has also been entered in a contest at
https://community.overstock.com/contest/entries_inc.php?id=2

I would appreciate a vote there. It's free, but I could win $30,000 for this video entry. Help me make more of these. tomvallarino

America...raped and pillaged by our own citizens. We should all say NEVER again. I voted EVERYONE out in office that was on my ballot!!! We must keep doing this and demand our governments fiscal responsibility. There was an email found from Frank to Dodd that said "I hope we get rich and get the hell out before everyone finds out what is happening!"

Do not vote for a single incumbent should they neglect to become an anti-NSS advocate.

A securities compliance officer asks the SEC to level the playing field so everyone can be crooks and naked short sell securities:

Eight years ago a former Wall Street Community Compliance Officer named J. Bernard LoVerde Jr. urged the SEC to allow the public to adopt the market makers; and broker/dealers; covertly rigged and protected practices. A game he describes in his comment letter as one the authorities permit on the sly by ignoring regulations and without the requirement for disclosure.

Date: 01/31/2000 6:21 PM

Subject: Subject: File No. S7-24-99 Comments

To Whom It May Concern:

I am a retired member of the Wall Street Community after spending years in the Operation & Compliance (as both a senior member and director of both departments) sides of NASD member firms. This included the oversight of the trading activities of numerous branches, registered representatives, and the actual Trading Departments of the last two firms I worked for. As part of these activities I have spent numerous hours reviewing trading operations and compliance as well as immeasurable amounts of contact with both NASD and SEC regulatory officials.

I am writing this to you regarding the above referenced matter as I feel compelled to offer my comments on the subject at hand.

It is my persona belief that it is of the utmost importance to maintain, and strive for, the concept of "fair markets". To that extent I believe that it is absolutely necessary that you level the playing field for the investing public with regard to the trading strategy of short selling.

It is time to create, and enforce, a single set of short-selling rules which will apply to specialists, market makers, broker/dealers, and the investing public. As such, I urge you to remove what I believe to be the inequitable and discriminatory regulations that restrict the public investor's ability to short-sell stocks, while providing preferential treatment only for the market makers and broker/dealers.

While I understand that most novice investors do not understand, or appreciate, the critical check-and-balance afforded by the action of short selling in the exercise of free markets. Since the industry itself makes no effort whatsoever to educate the public with regard to short selling (this is one of the more sophisticated investing strategies that they fail on, much less the proper use of margin and/or the trading of options), the public is left to draw the erroneous conclusion that it is short sellers who should be blamed when a stock goes down in price.
...
However, on the flip side, market makers and broker/dealers have rigged the game so they can play by a different set of rules than the general public and, to date, this ha been protected by the regulatory bodies. These market makers and broker/dealers have done this for no other reason than to line their own pockets, under the sham of maintaining "fairness" in the market. Every day, market pros short sell IPO's, short sell on downticks, and short sell without regard to the availability of certificates, all things done at the expense of individual investors, who do not have the right to do the same. They do it quietly, without regulation, and without a requirement for disclosure; often in direct contradiction to the public "recommendations" of analysts from the very same firms which I believe is another area that the regulatory bodies should be aware of (for example look at the recent action in AMZN where outlandish price targets were placed on the stock creating a price run right before the stock pre-announced a financial warning).
///
Letter continued at this website:

http://www.sec.gov/rules/concept/s72499/loverde1.txt

The point is not whether or not we find out who is doing this or not. The SEC certainly can. But they're never going to do anything about it, no matter how good they talk publicly about doing so, because they are captured by the criminals.

I have a letter from the SEC itself, where they tell me that they do not even track certain "fails" data - on purpose. Now if you wanted to regulate the industry, don't you need to know what they're doing?

You look at what they're saying and what they're doing and there is a total disconnect there. Google Gary Aguirre and read what happened to a SEC insider who was fired because he got too close.

It goes on and on, that's why the solution lies in the states and citizens taking control. Going through Wall Street and Washington DC is too tough, and will never work, unless the new president and Congress do some radical surgery where needed. But I doubt that'll happen because there is just too much money in the corrupt system.

It's up to the states, Check out www.voteyes9.com. More states are planned.

Is Cramer correct? Can an investigative entity really re-create selling strategies by observing the trading tapes that all brokerage houses are supposed to keep? If that's the case, then that's one avenue worth pursuing.

The charts that exist PREDICTING who will be the next victim of manipulation, even after the fact, are a strong indictment of how they're gaming the system.

If we can figure it out, all we have to do is work out a method to 'splain it to the uninitiated, who, while they may not be directly invested in Wall Street, are sure to be affected by it's falling off a cliff.

The economy hasn't LOST a trillion $ of it's value, it's been STOLEN!

Robert

This is about the destruction of companies by Wall Street, not about Patrick Byrne. I just used him as an example because his company is a victim of naked short selling and I know how to contact him. Just look at the official "fails" data. This is beyond discussion. Unless you're saying, "Don't believe what you're seeing..." Which is a Wall Street tactic.

Down the road, I'll tell the story of fairfax (NYSE: FFH) another naked short selling victim with personal threats to their executives while they were being attacked by naked short sellers, with news articles and analyst reports with false negative information being publicized....these criminals don't stop for anyyone.

Another disturbing part is that it could be foreign sovereign funds doing a lot of the naked short selling - who would know?

Now if anyone can get me in touch with Richard Fuld, the ex-CEO of Lehman Brothers (the guy who appears in this video in the beginning), I'd love to interview him. The executives of Bear Stearns have also blamed naked short sellers.......I'd love to interview them all.

So that a few can get rich, we all get plowed under.

Great piece Tommy! Turn it into a series.

Wall Street has robbed Main Street.
As Main Street lays on the ground bleeding, Wall Street is running away in it's Gold encrusted Nikes, telling the cop on the beat (SEC) to clean up the bloody mess and bury the body. Crime pays if you own the Regulators.

It would be interesting to find out, going back 10 years, who worked at the SEC and where those same people are today and their corresponding salaries.

Christopher Cox's next job will tell you just who he was protecting.

How about the death penalty for counterfeitng stock, selling same, and not paying taxes on the sale.

jtl

So, now that we have the issue of the Restatements of 5 years of revenue and losses out of the way: can we get back to worshiping the Man-God Dr. Patrick Michael Byrne?

Isn't that why we are all here? I know it's why I stalk him all over the internet. Is it too much to ask you all admit this as well?

You fools need to drop this whole 'Naked Shorts destroyed the financial system' thing (after all; we all know it was synthetic debt instruments, right) and get back to the subject that really matters: what is Dr. Byrne wearing today? Turtleneck? Maybe a neck scarf? Is he going to use any esoteric and long forgotten words or phrases in his next rant on the collapse of the financial system?

Will he blame the shorts on the 70% decline in his corporations stock? Or, was it just the fact they have been unable to turn a profit and are now restating their results for the last 5 years?

As much as I have lost in financial value in the market, I have gained as much and reinforced my love and adoration of one Dr. Patrick Michael Byrne: Man-God hero to the thousands of internet lurkers. The lonely and destitute men of the cause celeb. I am proud to count myself among the few, the proud and the obsessed.

Come on people: get your head in the game! Lets take this to the next level!

lenofus

GW has been taking are rights away slowly. It won't be long before were jailed for speaking out about this kind of corruption.His second in commands company from what Ive heard is building prison camps. Its do as I say not as I do or your ass will be in thrown in jail for treason against the goverment. Good job Tommytoyz

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

- Henry Ford

Still applies

This is telling it like it is. Not only should our Congress and Senate members be hung on Pennsylvania Ave, but our SEC officials should all be hung on Wall st. Why isn't there any discussion of jail time for all those allowing these illegal transactions to continue. Real jail time, where they just throw away the key. A very few are allowed to just steal from the many. Allowing to short without covering, and you immediately lose your right to ever trade on Wall Street again.

Dems/Repubs - fraudulent two party system…Who owns who?

The media/gov./wall street is owned by controlling interests - the super wealthy who rule the universe. They started their assent to wealth 400 years ago. They invented money out of thin air! They still rule the world today. They use Democrats and Republicans alike to do their bidding. They don’t care who is in power but still sway elections to fit their causes. This is why we have depressions and wars. It starts during our own Revolutionary war to break from the central Bank of England - the same power elite as today. They got a strong foothold in 1913 at Jekyll Island. They finally consolidated their power in 2008. The next Depression and World War III - already started - will make them even wealthier. All Presidents have been political slaves since 1913 and perhaps before, but one thing is true… If you are a Republican or a Democrat, you are a fool! They divide and conquer you through the fraudulent two party system. They cozy up with Capitalists, Fascists, Socialists and Communists, alike. Capitalists, Fascists, Socialists and Communists take their money to expand their political ideologies and POWER through war. WE, as a GOVERNMENT cozy up with Capitalists, Fascists, Socialists and Communists alike because we make MONEY with them. My father and all our forefathers believed in freedom so they risked their lives for such a vague term. So what is freedom? Shouldn’t we be fighting Communism?

Are we really free today? Does the media always tell the truth? Do our Republican/Democrat leaders do what is in the best interest of Americans? Wake up and understand that we are all (credit) slaves made to play the games of the Super Wealthy whose playground (credit) planet we live on. If we as Americans truly believed in freedom, than why do we owe so much money to Communist China or Dictatorial Saudi Arabia.

Sorry to burst your bubble that your whole life was a LIE! YOU WERE LIED TO! Now you are about ready to lose a lifetime of savings to the Wall Street/Government backed thieves who you risked your lives for in WWII, Korea, Vietnam, etc., etc., . BOTH DEMOCRATS AND REPUBLICANS are to blame because they are all bought and paid for by the lobbyists and corporations who are owned and directed by the super wealthy.

Subprime loans will account for a very small percentage of the toxic waste of mortgage backed securities for the next 3 years. The subprime $100,000 loans made Wall Street a lot of money. The million dollar homes were not subprime loans. They too made a lot of money in origination, closing and servicing fees. But wait till you see what 300,000 half a million to million dollar loans that go into default looks like. No subprime there, is there?

So pull your head out of your Republican/Democrat $$$ and smell the poop. Only idiots believe that one party ruined our country because in reality, it was both parties acting in cyclical concert as puppets to the ruling class for the last 100 (or 400) years. THE SAME BANKS, CORPORATIONS, AND MEDIA ARE OWNED BY THE SAME FAMILIES OF PEOPLE WHO STARTED BANKING 400 YEARS AGO.

http://yourmortgageoryourlife.wordpress.com/2008/09/30/who-really-owns-your-mone...

Thomas Jefferson quotes:
I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a moneyed aristocracy that has set the Government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.

Thomas Jefferson quotes:
The two enemies of the people are criminals and government, so let us tie the second down with the chains of the Constitution so the second will not become the legalized version of the first.

God bless you sheeple!

And just to put this in more perspective, companies like Fairfax (NYSE : FFH) and Overstock.com are not small companies. Fairfax has market cap of about $5 Billion and Overstock of $240 million, as of today.

Allied Capital (ALD) has a market cap of $1.2 Billion. These are companies under severe naked short selling attack trying to bring them down. Lehman was brought down by choking off their access to capital and false rumors, causing customers flee.

It goes on and on.......this is the deliberate destruction of the US economy, one company at a time. 1929 all over again, where the same thing happened. Then, naked short selling was rampant among a few elite - like Joe Kennedy - who became rich as the market fell apart.

awesome video patrick and tom, well done .

i posted the video on my web site as well.

http://iwillnotsupportobama.blogspot.com/

The SEC is another root cause of this financial crisis…

Starting August 7, 2007 to October 2008 more than a year’s worth of letters to the SEC concerning Naked Short Selling went ignored…

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

Same happened from October 20, 2003 to July 9, 2004 … ignored

http://www.sec.gov/rules/proposed/s72303.shtml

Same again happened from October 25, 1999 to September 22, 2003

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

Christopher Cox and his predecessor William Donaldson should be investigated by a Special Prosecutor.

I`ve watched this happen for the last 7 years. The SEC refuses to demand settlement of trades.

Great video,Tommy....we need more! Do you have a website?

Several letters concerning NSS:

Letter to California AG Bill Lockyer

http://tinyurl.com/5ycz85

Letter to Missouri Securities Commissioner Cosgrove

http://tinyurl.com/3pspze

Letter to Alabama Senator Shelby

http://tinyurl.com/3kerd4

Wow. I have been searching the web for more information and I am shocked. Nothing in the newspapers nor on TV, yet this is a larger terror attack than 911.

We must write down the names and addresses of the people responsible for this. I believe the Internet will be shut down to prevent us from uniting against these criminals.

Great job putting this together - such a pity that so many companies were destroyed while a "captured" SEC did nothing and such a pity that the bad guys were allowed to finally destroy the US economy before Naked Short Selling was admitted as the evil it is.

Nice work, Tommy

I've seen this happen with companies I invested in, and lost a lot of hard-earned money in the process. Naked shorting has the potential to destroy our financial system and our free market economy. Many smaller companies have many more shares trading on the exchanges than are actually issued, which dilutes shareholders and makes equity financing much too expensive.

Those behind it don't care, as they will be unbelievably rich rather easily and at little risk. The Federal Government doesn't care, as the politicians are kept in power by the massive campaign funding providing by the perpetrators, and the bureaucrats have been co-opted by the promise of lucrative jobs once they are ready to collect their government pensions.

Unreconstructed

In light of the credit market freeze that resulted from obvious and unscrupulous wall street participants that are now being investigated and brought before congressional investigative committees, perhaps we should include an independent audit of the stock settlement system and those in charge of it.
We have had a whole lot of out right fraud on wall street that is approaching a trillion dollars to fix. If there is a way that they could commit fraud here, you can bet they did. There is obviously no honor or sense of right or wrong on wall street.

Facinating and frightening. Billions of dollars of our economy evaporated.

While the doubters believe this is a bunch of baloney, and all the failures are do to corporate deceit and mismanagement, maybe now they understand the definition of manipulation via security counterfeiting.

There were 4 hours of testimony today by three major players in the US's financial system, Former Fed Reserve Greenspan, Current Chairman SEC Cox, and Former Secy. Snow. Practically no mention at all of Naked Short Selling, and it's subsequent effect on the economy, more specifically the economic 'MELTDOWN.' It's more than the media that's limp.

Robert

Good work for good purpose, Tommy. Keep up the good work. Part of the problem is that too few people are aware of the problem of naked shorting, and I think this will help in that regard.

Awesome video, tommy. But where's the Media on this? Are they all limp?

This Video was made for free by me. I was not paid to do it. I am merely a victim of naked short selling and have been involved in trying to stop it for years. It's a volunteer effort.

It gives me honor and makes me feel good in knowing that I am doing something good in exposing the truth. I
Corruption all the way down.

I wish I could have included a lot more, but I think they will merrit their own POD. Like what exactly is going on in the main stream NY financial media. Or the glue that holds Wall Street together through personal relationships, favors and money, not the law.

I have a lot more footage in the can, so to speak.

This could become a small mini series, if it gets enough support.

Short selling of stock on the market is destroying companies by using millions of dollars to drive the price of their stock down so that they can buy it at a lower price or not having to buy it at all and profit from the difference between what they have sold it for.
No one but the actual owner of a stock should be allowed to sell it yet it is done every day, all day,in a relentless barrage of trades at or below the bid using the regulation change that the SEC made effective on July 7, 2007, allowing short sellers to sell stock that they do not have legal title to on the down tick, successively, at ever decreasing prices effectively stopping any advance in the ask. This eventually results in destroying investor confidence in the honesty, openness and fairness of the investment potential of the stock market for contributing to the growth and success of companies who rely on it for appreciation of the value of their company and for their net worth which is needed for continued availability of needed capital to grow.
While naked shorting, the most ludicrous game of speculating on the demise of subject enterprises without actually having an actual financial investment in the subject companies, is the most egregious form of fraud, all short selling of stock is fraudulent since it entails selling something the seller does not own to someone who believes that he is receiving an actual share of stock. Short sales of stock----all short sales of stock, naked or otherwise, is dishonest and should be prohibited in a market the government, through its agent, the SEC, insists is "fair, honest and open" with all buyers and sellers totally aware of what is actually being sold and bought.
The SEC has demonstrated that it is not capable of policing the short sales universe and actually supports the activity, purporting to add liquidity to the market---completely ignoring the blatantly fraudulent basis upon which it rests----treating IOU's as if they were the equivalent of actual shares of a company, immediately exchanging ownership at the moment a trade is executed between a seller and a buyer during which money is immediately expended by the buyer but not met with the immediate transfer of ownership from the seller (who does not own it) to the buyer (who in many millions of case never does receive it.
How can anyone with any sense of fairness and honesty, possibly fail to see the dishonesty in this system??? It boggles the mind that an ordinary investor cannot obtain a judgement from any member of our government that this is fraudulent behavior and immediate corrective legal and regulatory action to stop this must be taken.

This is nothing short of treason....pure and simple. I want every member of the House, Banking, and finance Committee hung from cherry trees on Pennsylvania Avenue!

Patrick Byrne: an American hero. One of the only CEOs with the guts to stand up to the powerful Wall Street crooks, the hedge funds and their media lackeys. If he (or Gary Aguirre or Dave Patch or Tom Vallarino) were head of the SEC, we would finally see a level playing field for the small investor.

Investigate the DTCC!

Just think about this for a few minutes. Would you buy a car with no title? How about a house? You even have a title search when you buy a house. However do you have any proof that substantiates your assetts in your 401's, IRA's, stock accounts, etc. other than a paper statement. What we are finding out that there are counterfeit or phanthom shares floating through our system and some of us if not many of us will be victims of relying upon something that is not there.Picture if you will a game of musical chairs and as a chair is elimintated someone takes a fall. The government even admits the problem is here and growing, however they vehemently denied it until it was exposed by people like Patrick Byrne and Bob O'Brien. Now many companies who have been destroyed or in the process of it are are in the process of legal protection and retribution. Some regulators have blown the whistle on their bosses. All of this is proven at www.deepcapture or www.thesanitycheck.com or www.investigatethesec.com If you are serious about your future and your well being take action now before you loose it all. This is serious and you can see the proof.

I believe this site has finally reached a viable way of communicating to the public as to what is really going on in the hallowed walls of Wall St. and how the small investor is being ripped off. If a person were to take the time out to read www.deepcapture and wwwthesanitycheck it would eliminate any doubt in your mind as to the magnitude of the crimes being committed and ignored by our government and regulators and it is, to say the least, scary and sickening. Everything is backed up with proof and and names are given that normally would never be mentioned by the media. This crime spree on Wall St. affects every man, woman and child for decades to come and could even destroy our fiancial well being as a country causing us to be vulnerable by weakening our security. We can not ignore this any longer, it is our existence that is at stake. Read and watch and you will know why I say this. Thank you Patrick and Tommy and Bob O'Brien for having the courage to fight back. Lets fight with them and reclaim our future.

Maximus

I have experienced the root cause of the current financial crisis.

Five years ago I invested in a company I’ll call ABC Corp. ABC appeared to be trading extra heavily over a short period of time on a US Stock Exchange; the float kept rolling over. Because of the high volume it appeared to me that real shares weren’t trading, they were probably IOU counterfeit shares. When I requested my shares in certificate form (as they used to be before the conversion to electronic digits), I learned ABC’s transfer agent was having a difficult time accumulating sufficient authentic ABC shares from my broker that could be transferred. I contacted the company to ask for direction.

The CFO of ABC Corp sent me the following message (I've edited certain names but left my broker as is):

Monday, July 21, 2003 6:00 PM

Sir:

You are on the unfortunate side of what I believe is a multi-trillion US dollar problem - so large that it is on the verge of sending the US economy into recession. If you check ABC Corp.'s press releases back to July 2002, the Company has started litigation in three countries suing most of Wall Street over the epidemic of "naked short selling" that exists since the US's 3-day securities settlement system only applies to the payment side of the transaction and the share delivery side is routinely never delivered. The result is banks, brokerages, market makers, and hedge funds that sell non-existent securities and the NASD, SEC, and all other regulating bodies allow it to go on. The investor is none the wiser unless they attempt to actually obtain delivery of what they purchased. The broker statement you get only indicates what the broker said he purchased for you, and they say you can buy and sell it anytime, and they will sell those non-existent securities for you any time you wish, but the securities you actually thought you bought are not really there a lot of the time - it is all a big fraud on the investor. Our litigation and those of other companies that include AMEX, NASDAQ, and NYSE exchange companies show how large the dynamic really is. All you can do that I believe is effective is complain to the SEC in writing and demand a response, or sue your broker in small claims court. The SEC will not do anything but may if many others also complain. The suit will cost you little, and cost the brokerage everything. They will find you stock in short order. They know they have no defense to not providing what they contracted with you for.

I am available for further discussion per the contact numbers below. The further response you got from TD Waterhouse regarding "certificate only" reasoning is from the entity that is perpetrating fraud on you. I would not expect the answer to be correct.

Signed xxxx ABC CFO

Ever since the U.S. government--in the 1980's-- essentially did away with defined contribution pension plans in favor of employee-controlled 401-K's, Wall Street has been the happy recipient of vast amounts of taxpayer retirement money flowing into their coffers on a regular basis, to be invested into America's--and the world's--public companies. Over the last ten years, however, with the huge proliferation of unregulated hedge funds, it has become increasingly obvious that the clearance and settlement system of the U.S. securities markets has been badly corrupted, resulting in this massive influx of retirement savings money being routinely siphoned off into the accounts of a relatively few predatory shortselling hedge fund operators who were quick to exploit loopholes in the U.S. market's clearance and settlement system, and to recognize that regulators were completely asleep at the switch in enforcing regulations which have been on the books since the days of the Great Depression to protect investors.
While Wall Street interests have been successful in having the New York financial media community downplay and ignore the magnitude of the naked shortselling and failure-to-deliver problem, keeping it largely "hidden" from Main Street, a perusal of foreign media and investor message boards and internet blogs, all with an international audience, clearly shows that the perception is growing all over the world that the U.S. equity securities markets are as crooked, corrupt, and manipulated as those of any third world country...and that the SEC is doing nothing substantive about it. It has become abundantly clear that our so-called "Self-Regulatory Organizations" haven't been regulating themselves at all -- and that their sole priority and objective has been to facilitate the theft of Main Street's investment and retirement funds by their wealthy, greedy, avaricious hedge fund clients thru their use of naked shortselling techniques.
This is truly shameful and humiliating...and should not be the case for the most powerful nation on earth.
Edmund Burke observed that: "The only thing necessary for evil to flourish is for good men to do nothing."
The SEC and the U.S. Congress have done nothing for far too long about the fraudulent and illegal practice of naked short selling which tommytoyz and Patrick Byrne have so eloquently revealed in their video. Now that the practice has resulted in the destruction of the world's financial systems and the retirement savings of millions, it's past time for our Congressional leaders to act decisively to stamp out this evil once and for all. For unless and until they do, those who have been financially massacred by the corruption and lack of integrity in the U.S. markets will never return to them.

In the face of overwhelming evidence, the main stream media will still not get on board this freight train. They are what you might call 'captured.' Only a handful of reporters will even touch on this topic, with the vast majority toeing the Wall Street line of lying, obfuscating, and obliterating any source which tries to make the information available to the public. This is the same public that is being robbed at every turn by Wall Street. It's so sickening, it makes you want to just give up.

But that's not what's happening anymore. More and more people are becoming aware of the mass theft that's taking place.

Robert

Chairman Christopher Cox is part of a criminal cartel. In the middle of the comment period for the elimination of the illegal GRANDFATHER CLAUSE for failed delivery that had been placed into Regulation SHO, they decided to eliminate the UPTICK rule. The uptick rule had served to protect mainstreet for over 70 years, and they just eliminate it saying it was unnecessary in today's environment. Look what has happened since... a perpetual BEAR RAID.

I would like to see a perp walk lead by Christopher Cox, and followed closely by Henry Paulson.

www.deepcapture.com
www.investigatetheSEC.com
www.investorprotectioncoalition.org

Yet another source of the truth. And today @10am the House Oversight Committee will parade Chairman Cox at a hearingon regulatory failure and its members will show off for the camera by villifying him. Then we go back to continuing naked shorting and lack of enforcement.
The relatively small cabal of miscreants only whet their appetite in 2003-4 and honed their criminal skills by picking on small cap, thinly traded,capital needy public companies.
Now late '08 has witnessed their greed run amuck. They've taken down household name large caps and even turned on themselves.
They can't stop,they won'tstop...until America wakes up and votes in politicians that will send in the DOJ with handcuffs. Wil it ever happen? Patrick Byrne will not give up,but where's the public?.

First rate video! It's all there: pusillanimous financial journalists, malfunctioning SEC, corrupt Wikipedia, politicians too frightened to do the right thing, the surreptitious tape capturing NY Post's Dan Colarusso telling everyone that "we have the tools to crush" Patrick Byrne.

Patrick Byrne said he might be too low-key in describing the events in this video. I disagree. For a man who has been publicly mocked, scorned, and called a cookoo, his casual attire and mild demeanor attest to an eminently sane man.

Thanks for the video, tommy...

This is a fantastic video! I will post it on my site's main page.

I think if people realized how much stock counterfeiting AFFECTED THEM then maybe they'd be a lot more upset. Perhaps you could do a video on the naked short selling of the financial instiutions which TAXPAYERS have to bail-out. You could talk about how the counterfeiters excacerbated their fall by spreading rumors and diluting their stocks with fake shares. They might not have failed if rumors were not spread about them and their stocks diluted. I explain this in my blog:

http://www.counterfeit-o-meter.com/blog/how-wall-street-counterfeiting-affects-m...

Again, great work tommytoyz!!!

The regulators know this is going on. The regulators don't want to touch it. Instead, they move on to jobs within the industry and take high-paying jobs as a form of kickbacks for letting this go on.

The SEC is dirty. After Gary Aguirre appeared before the Senate Judiciary Committee, an investigative report by the GAO was released. Four of the top seven people at the SEC left. No indictments, no censure.. they just left. These are people who had the oversight of our markets and not only let this go on, they encouraged it with their policies that harmed the ordinary investor in favor of Wall Street criminals.

I have documented this act with companies and it is true. This group deserves a metal of honor for discussing NSS and Chris Cox, President Bush and above all the hedge funds getting away with murder deserve HELL !
P.S. There is more to life than money.

You really need to find better ways to spend Patrick Byrnes' money. This is just a complete waste of resources. If he had gave me the pile of money he has given you, I'd have an Emmy by now.

lenofus

A great many retail investors are aware of the blantant Naked Short Selling that is the criminal underpining of the our Stock Market System and most, if not all, of Wall Street and Politicians are aware of the open manipulations. But nothing has been done to correct the situation. Even the current world financial crisis hasn't motivated the SEC or the politicians to take a corrective stand against the open counterfeiting of stock and fails to deliver. I hope this presentation opens even more eyes. Maybe, just maybe, this will be a catalyst to market reform.

An eye-opening confirmation of what I suspected already. The sad thing is I can still remember when I respected the Wall Street Journal and the SEC. Most Americans simply cannot believe how deep and pervasive the corruption is. Now why would the South Dakota governor be against a law requiring delivery of stock that has been paid for?!