Obama’s Economic Hits and Misses

soundtracks

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soundtracks of AL @ Jul 17, 2009 06:43:48 AM

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tramadol side effects canine of NE @ Jul 02, 2009 16:56:13 PM

OBAMA AND THE DEFICIT !

The United States of America is lucky, that it can still

borrow money overseas, to implement different programs.

The question is, how a Military Super-Power like the

United States can sustain itself in the long run, with

such a huge debt,and how the fabric of society can function

as of now in the U.S., with huge unemployment,not sales

and production, mimimun exports,and the big danger of a

cut off of credit from overseas; particularly from the

CROOKED CHINESE ?

I have my doubts as to a bright U.S. future !

XAVIER of CA @ May 07, 2009 00:46:08 AM

obama lies.

Obama lies. It serves the government bankers, FED and Wall street. They

people's create private army outside the knowledge society. With the help of website

usaservice.org they taked people to civil army.

Concentration camp FEMA called resettlement camp. Check yourself and use your head to think

don't believe in credits, finance, this is a fake

Prepared in uproar as soon as it brings to crash market again.

wake up people!!!

read on internet

look around yourself

before it will be too late..............

mac of AL @ May 06, 2009 13:02:24 PM

Eradicate Poverty

As we look at America, we need to cast an eye on the world as well.

Please spare 6 minutes of your life and watch this film. Over 2,000,000 people have watched and shared this film, who care about hunger and human inequality. If you deem appropriate, please share it with your members, friends, students, and family - all who care about hunger and its impact on human race.

----------------------------------

THE FILM : It is a TRUE STORY

Chicken a la Carte

Director: Ferdinand Dimadura | Genre: Drama |

http://www.cultureunplugged.com/play/1081/Chicken-a-la-Carte

This film is about the hunger and poverty brought about by Globalization. There are 10,000 people dying everyday due to hunger and malnutrition. This short film shows a forgotten portion of the society. The people who lives on the refuse of men to survive. What is inspiring is the hope and spirituality that never left this people.

Nimesh Patel

Culture Unplugged Studios Team

Promote Films. Promote Consciousness.

nimesh of CA @ May 03, 2009 07:50:50 AM

All misses from where I sit

It seems MR Obama/Pelosi/Reid have failed to adapt to a rapidly deteriorating Economy. ALL parties agree that the Mortgage Crisis caused all this Mess. We've had 757 Billion in "Stimulus", 700 Billion in "TARP", 3.5 TRILLION BUDGET , Billions of bailouts of Auto-makers that needed and ARE going Bankrupt anyway and...

A mere 75 Billion to help irresponsible homeowners ONLY.

Meanwhile thousands of small businesses AND their JOBS are disappearing, hundreds of medium sized retailers are closing because no one is spending, Banks raise interest rates and cut limits for NO reason AND there is a second wave of foreclosures looming as "prime" mortgages begin to fall behind.

"YES I CAN" might work if you knew the correct target.

Chris Petty of GA @ May 01, 2009 19:58:56 PM

700 BILLION DOLLAR BAILOUT, CMKX/CMKM SCANDAL.

700 BILLION DOLLAR BAILOUT, CMKX/CMKM SCANDAL.

CMKX-CMKM- At the time of cmkm's revocation, CMKM had 703,518,875,000 shares of common stock validly issued and outstanding.

Then a 700 billion dollar bailout.

My Fellow Americans and Global Investment Community.

The case of the greatest "counterfeit shares." fraud in the UNITED STATES is in my opinion CMKX.

CMKX DIAMONDS, THE LARGEST NAKED SHORTED STOCK IN THE HISTORY OF THE UNITED STATES/WORLD" Trillions of stock shares traded and changed hands UNTIL CMKX revoked itself and had every stock holder pull stock certifcates out of brokerages out of street name and into Investors name to safely hold in their possesion. CMKX is also the LARGEST STOCK CERTIFICATE PULL IN THE HISTORY OF THE UNITED STATES"

I Hope the the SEC did not create a regulational rule during this period the above action was commited to absolve them from liability of cmkx "counterfeit shares." from this compnay or anyother company that used this tactic to steal from all markets. This naked shorting fraud rule be passed without a second to lose.

Naked shorts in the United States: "counterfeit shares."

Naked short selling is a case of short selling the shares without first arranging a borrow. The Securities Exchange Act of 1934 stipulates a settlement period up to three business days before a stock needs to be delivered, generally referred to as "T+3 delivery".

If the stock is illiquid or simply has a small number of outstanding shares, finding the borrow can be difficult to arrange. In these cases the trader normally arranges for the borrow before making the trade, to ensure delivery. In the case when a borrow cannot be arranged within that time period and the shares cannot be given to the buyer, the trade is considered to have "failed to deliver". The SEC states that "Naked short selling is not necessarily a violation of the federal securities laws or the Commission's rules," and clarifies that in some circumstances, it can contribute to market liquidity.

Naked shorting to drive down share prices violates US law. In recent years, a number of companies have been accused of using naked shorts in order to make profits at the expense of share prices. To do this, the trader simply enters a naked short with no intention of ever delivering the shares. A large enough short sale could cause the price to fall, as is the case with any stock being sold, so as long as the trade is large enough to move the share price, the short is likely to be profitable. Normally this would be risky if the price did move back up for other reasons, the trader would be driving the price up with every purchase, a condition known as a "short squeeze". But as long as the buyer turns around and shorts it back into the market, the price continues dropping, making the trades profitable even though no one actually holds any of the shares.

"Legal" naked shorting would normally be invisible in a liquid market, as long as the short sell is eventually delivered to the buyer. However, if the covers are impossible to find, the trades fail. A sudden rise in number of fail reports will alert the SEC that something irregular is going on. In some recent cases, it was claimed that the daily activity was larger than all of the available shares, which would normally be unlikely.

The North American Securities Administrators Association (NASAA) held a conference on naked short selling in November 2005. An official of the New York Stock Exchange stated that NYSE had found no evidence of widespread naked short selling, and alleged "fear mongering that there's this rampant naked shorting that's gone unregulated." Cameron Funkhouser, NASD senior vice president of market regulations, noted that although companies have alleged stock manipulation through the Berlin stock exchange, the NASD has seen not one instance of naked short selling on the Berlin stock exchange". Ralph Lambiase, head of the Connecticut Securities Agency and the NASAA, declared his disappointment at how the industry was handling the issue as a whole.

A report issued in early 2006 found no evidence of naked short selling in US markets, despite allegations from many companies. The SEC's short selling FAQ also cites common misconceptions about the practice, such as the belief that naked shorting causes "phantom" shares to enter the market, as one source of confusion over the practice's market effect. Naked short selling, the SEC said, would not increase a company's shares outstanding shares nor result in "counterfeit shares."

Statistics on failures to deliver securities are sometimes used as evidence of naked short selling in specific stocks. However, the U.S. Securities and Exchange Commission stated in January 2008 that "fails-to-deliver can occur for a number of reasons on both long and short sales. Therefore, fails-to-deliver are not necessarily the result of short selling, and are not evidence of abusive short selling or 'naked' short selling."

Current legal naked shorting rules allow brokerages to make large profits doing "bona-fide market making" while stock markets are falling. The market maker exemption to the rules governing the practice is intended to allow market makers to naked short sell on a very temporary basis, in order to increase liquidity and stabilize markets.

However, Robert J. Shapiro, former undersecretary of commerce for economic affairs, has claimed that naked short selling has cost investors $100 billion and driven 1,000 companies into the ground.

The Depository Trust and Clearing Corporation has been criticized for its approach to naked short selling. DTCC has been sued with regard to its alleged participation in naked short selling, and the issue of DTCC's possible involvement has been taken up by Senator Robert Bennett and discussed by the NASAA and in articles -- disagreed with by DTCC -- in the Wall Street Journal and Euromoney Magazine.

While there is no dispute that illegal naked shorting happens, there is a fight as to the extent to which DTCC is responsible. Some blame DTCC as the keeper of the system where it happens, and say DTCC turns a blind eye to the problem. DTCC says naked shorting is not widespread enough to be a major concern. "We're not saying there is no problem, but to suggest the sky is falling might be a bit overdone," DTCC's chief spokesman Stuart Goldstein said. DTCC General Counsel Larry Thompson calls the claims "pure invention." The SEC, however, views naked shorting as a serious enough matter to have made two separate efforts to restrict the practice. And in July 2007, Senator Bennett suggested on the U.S. Senate floor that the allegations involving DTCC and naked short selling are "serious enough" that there should be a hearing on them with DTCC officials by the Senate Banking Committee. The committee's Chairman, Senator Christopher Dodd, indicated he was willing to hold such a hearing. The North American Securities Administrators Association, representing state stock regulators, filed a brief saying that if the claims were correct, its shareholders "have been the victims of fraud and manipulation at the hands of the very entities that should be serving their interest."

Critics also contend DTCC has been too secretive with information about where naked shorting is taking place. In 2007, WayPoint Biomedical sued DTCC for DTCC's refusal to comply with a subpoena request for documents Waypoint needs to track trades in the company's shares. Ten suits concerning naked short-selling filed against the DTCC were withdrawn or dismissed by May 2005.

A suit by Electronic Trading Group, naming major Wall Street brokerages, was filed in April 2006 and dismissed in December 2007.

Two separate lawsuits, filed in 2006 and 2007 by NovaStar Financial, Inc. shareholders and Overstock.com, named as defendants ten Wall Street prime brokers. They claimed a scheme to manipulate the companies' stock by allowing naked short selling. A motion to dismiss the Overstock suit was denied in July 2007.

Why has everyone tried to COVER UP NAKED SHORTING, is it because all the Wall Street banks have naked shorts in Level 3, and hidden in derivatives where there are Trillions of fake shares?

The illegal practice of short selling shares that have not been affirmatively determined to exist. Ordinarily, traders must borrow a stock, or determine that it can be borrowed, before they sell it short. But due to various loopholes in the rules and discrepancies between paper and electronic trading systems, naked shorting continues to happen.

Naked shorting is illegal because it allows manipulators a chance to force stock prices down without regard for normal stock supply/demand patterns.

This Rule must be passed and not covered up. As it looks today on Wall street the word is out on naked shorting and must be stopped , and all who profited from stealing trillions be put in jail.

Thank you.

Lou Manhiem of CO @ Apr 30, 2009 12:06:43 PM