Bank 'Stress Tests' Expose Cracks

Back to blog

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"

CMKM DIAMONDS INC. and Naked Short Shares

1. ***FRACTIONAL U.S. STOCK CLEARING AND SETTLEMENT--WHICH INCLUDES THE DEPOSITORY TRUST CLEARING CORPORATION--SYSTEM ALLOWS HEDGE FUNDS TO ILLEGALLY NAKED SHORT OVER 2.4 TRILLION SHARES OF CMKM STOCK AND THEN CREATES IOU'S/COUNTERFEITED SHARES IN PLACE OF THE REAL CMKM SHARES

The SEC, just two years ago,denied that Naked Short Selling ever existed. The dismal state of economy is a direct result of the ramifications on NSS. Robert Mahue was brought in by a small diamond exploration company named CMKX to expose this illegal activity.

CMKX WENT THROUGH THE LARGEST NAKED SHORT IN THE HOSTORY OF THE U.S. Nearly 7 TRILLION Naked Short Shares were sold. Robert Mahue squeezed the Brokers to come up with Billions of dollars to cover these illegal sales. I am a stock holder in CMKX. The SEC is aware of a huge trust that Mr.Mahue set up to compensate CMKX share holders because of NSS. The SEC and or the government are holding up the distribution of these funds. The money is sitting, waiting to be sent out to damaged share holders. The SEC has the ability to release these funds.............but are not doing so.

I want the people responsible to go to jail and to be fined. Naked Short Sharing has ruined Hundreds if not Thousands of small upstart companies in America and is responsible for the Market Disarray as we see it happening before our eyes. I want the DTCC, the SEC and Congress and whomever else was involved in letting this go unenforced to be held LIABLE. I want JUSTICE for the 40,000 shareholders of this stock.

Lou Manheim of CO @ Apr 30, 2009 11:52:07 AM

Outdated

HSBC is not part of the stress test, National City was bought by PNC and Countrywide was bought by Bank of America - this article is using a hugely outdated/out-of-touch source.

Corrector of WY @ Apr 29, 2009 16:50:12 PM

Fed: At least 6 Banks "Fail" Stress Test

Speaking of "cracks", even the Fed (which is loathe to ask for more bailout money) reportedly says at least 6 banks will need capital.

I imagine links don't work but Google:

"Fed Is Said to Seek Capital for at Least Six Banks After Tests"

Bill of TX @ Apr 29, 2009 02:36:43 AM

Back to blog

Add Your Thoughts
About You
The Ticker

The Ticker

Kirk Shinkle is a senior editor at U.S. News. He writes daily about ups and downs in equity markets, sectors and stocks. Formerly, he covered business and economics on both coasts for Investor's Business Daily.

advertisement

advertisement

Subscribe

U.S. News Digital Weekly

A weekly insider's guide to politics and policy — in a multimedia, digital format. 52 issues for $19.95!

U.S. News & World Report

6 months of U.S. News & World Report's print edition for only $15. Save up to 67% off the cover price!