GREY:BPWRF - Post by User
Post by
ganzeron Jun 21, 2004 3:48pm
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Post# 7634550
More snippets
More snippetsI did a liitle research over the weekend. What inspired it was reading a letter
from MM Nite to the SEC dated Jan 6, noting their objections to the proposed
tightening of rules as regards naked short selling particularly on OTCBB
issues.
Copied on that letter was one Annette Nazareth. That name rang a bell. From
a little more research, I found out why. The recent "Stockgate" conundrum
included her name as the SEC official that has suggested that ownership of
paper stock certificates may be "outlawed", simultaneous with the DTCC
being accused of "electronic counterfeiting" of non-existent shares through
their "stock borrow" program.
This piqued my curiosity. As it turns out, Annette Nazareth is the SEC's
Director of the Division of Market Regulation and appears to be squarely in
the camp that supports naked short selling - something seemed very odd.
It seems comparable to a US Gov't Environmental official that would support
higher levels of Sulpher Dioxide.
Through a few more google searches - something interesting came up. She
(Annette Nazareth) is married to Roger Ferguson. Does that name ring a bell?
Well, it should.
Roger Furguson is the Vice Chairman of the Federal Reserve, the number 2
guy after Alan Greenspan. Funny that Roger's name is rarely in the media, but
besides Greenspan, the only Fed I have ever seen in the news is Bernarke
(sp?).
Seems as if the Federal Reserve isn't anxious to disclose the roles of Roger
and Annette. And for obvious reasons why. This marriage reeks of CONFLICT
OF INTEREST big time. If you were to say why, I would have to respond, "Let
me count the ways!"
Some further reading, with a focus on the SEC enforcement unit, revealed that
they are powerless unless accompanied by a Joint Effort with the Justice
Department. And further, that the majority of SEC employees do nothing
during the day but play computer video games. Our "watchdog", ha! Good as
#### on a bull.
In my naive youth, I believed in the power of our National Institutions such as
the Federal Reserve and the SEC. Within the last few months I have learned
that the Federal Reserve is NOT a National Institution and the SEC is inept.
More fallen icons like so many statue figures on Easter Island, mere
primordial figures bearing no current import ot relevance to today.
And the singular mutual trait of both of them in today's reality appears to be
the capabilty and willingness to defraud the overwhelming and vast number
of US citizens and investors; who are trying to free themselves from the yoke
of perpetual servitude.
Annette and Roger, the new millenium. I feel sick.