Post by fastwalker on May 26, 2005 8:09:36 GMT -5
"This issue is being handled by the Administration, not Congress".
First of all, the Administration is not handling the issue. The body that does.... is the Congress...
This according to the SEC's own site..that CONGRESS ESTABLISHED THE SEC IN 1934......here is a segment of what the SEC has to say....which they apparently, by design or accident fail to adhere to....
"Monitoring the securities industry requires a highly coordinated effort. Congress established the Securities and Exchange Commission in 1934 to enforce the newly-passed securities laws, to promote stability in the markets and, most importantly, to protect investors."
www.sec.gov/about/whatwedo.shtml
We know that laws are on the books...we just need to enforce them....
United States Code, Title 18, Chapter 25, Section 514, also refer to Section 513 for definitions:
caselaw.lp.findlaw.com/casecode/uscodes/18/parts/i/chapters/25/toc.html
Here we see that when some have tried, they are shoot down...
biz.yahoo.com/prnews/050406/nyw122.html?.v=4
Is it in the best interest of the American public for the SEC to "ignore" or minimize and "hide" the NSS problem? I think not.
Just as the market was manipulated to create...we were told "simulate" a crash. We know know the extent of their absolute power, which anyone knows corrupts absolutely.
What we see, if we follow the bread crumbs, is that the SEC has engaged in a form of apathy with regards to any real enforcement. They (SEC) would have us believe that failure to act (enforce) the laws against those engaged in NSS is not a viable venue to follow.
This approach can only be seen as either because they can't find a "clue" to follow, or they have the information and decided that in the best interest of all, to squash it and allow (by grandfathering) the guilty parties relief from covering.
We see that the problem is not confined to one individual or one agency. For lack of a better terms, it appears to be a conspiratorial mandate to "lock down" any attempts to validate evidence, such as the case with Eagletech Communications, Inc. And of course CMKX's own experience with regards to introducing same into court records.
Since the DTCC is incorporated as a State of New York Special Purpose Trust Banking Organization I believe Elliot Spitzer, New York's Attorney General, would have that authority.
It would also appear that the SEC's Congressional Oversight Committees, the Senate Banking Committee and the House Financial Services Committee would have such authority to investigate these crimes.
Since viewing Senator Robert Bennett's impassioned admonition to SEC Chairman William Donaldson in a Senate Banking Committee hearing that "Regulation SHO in not working" I have hope that other members of the SEC's Oversight Committees can be convinced to take a serious look at this issue....
banking.senate.gov/index.cfm?Fuseaction=Hearings.Detail&HearingID=140
I believe, that I was the first last year, to advocate the use of the RICO Act to bring these people to justice.
Just as I also suggested that "other" Federal laws which encompasses "electronic devices" could also be used to prosecute those engaged in illegal activities.
Another suggestion was the Secret Service, whose secondary job, away from guarding the Office of the President, is to seek out and capture those engaged in illegally producing counterfeit documents and or "paper money. The distinction being the documents are also a form of negotiable paper.
To suggest that the Administration get involved and clear this mess up, is at the very least, a ludicrous idea. More on that later.
Anyway, input and other information is expected, in order to help those still unaware of the ramifications of our situation, and to also "prompt" those who are simply apathetic, to get involved.
fw
First of all, the Administration is not handling the issue. The body that does.... is the Congress...
This according to the SEC's own site..that CONGRESS ESTABLISHED THE SEC IN 1934......here is a segment of what the SEC has to say....which they apparently, by design or accident fail to adhere to....
"Monitoring the securities industry requires a highly coordinated effort. Congress established the Securities and Exchange Commission in 1934 to enforce the newly-passed securities laws, to promote stability in the markets and, most importantly, to protect investors."
www.sec.gov/about/whatwedo.shtml
We know that laws are on the books...we just need to enforce them....
United States Code, Title 18, Chapter 25, Section 514, also refer to Section 513 for definitions:
caselaw.lp.findlaw.com/casecode/uscodes/18/parts/i/chapters/25/toc.html
Here we see that when some have tried, they are shoot down...
biz.yahoo.com/prnews/050406/nyw122.html?.v=4
Is it in the best interest of the American public for the SEC to "ignore" or minimize and "hide" the NSS problem? I think not.
Just as the market was manipulated to create...we were told "simulate" a crash. We know know the extent of their absolute power, which anyone knows corrupts absolutely.
What we see, if we follow the bread crumbs, is that the SEC has engaged in a form of apathy with regards to any real enforcement. They (SEC) would have us believe that failure to act (enforce) the laws against those engaged in NSS is not a viable venue to follow.
This approach can only be seen as either because they can't find a "clue" to follow, or they have the information and decided that in the best interest of all, to squash it and allow (by grandfathering) the guilty parties relief from covering.
We see that the problem is not confined to one individual or one agency. For lack of a better terms, it appears to be a conspiratorial mandate to "lock down" any attempts to validate evidence, such as the case with Eagletech Communications, Inc. And of course CMKX's own experience with regards to introducing same into court records.
Since the DTCC is incorporated as a State of New York Special Purpose Trust Banking Organization I believe Elliot Spitzer, New York's Attorney General, would have that authority.
It would also appear that the SEC's Congressional Oversight Committees, the Senate Banking Committee and the House Financial Services Committee would have such authority to investigate these crimes.
Since viewing Senator Robert Bennett's impassioned admonition to SEC Chairman William Donaldson in a Senate Banking Committee hearing that "Regulation SHO in not working" I have hope that other members of the SEC's Oversight Committees can be convinced to take a serious look at this issue....
banking.senate.gov/index.cfm?Fuseaction=Hearings.Detail&HearingID=140
I believe, that I was the first last year, to advocate the use of the RICO Act to bring these people to justice.
Just as I also suggested that "other" Federal laws which encompasses "electronic devices" could also be used to prosecute those engaged in illegal activities.
Another suggestion was the Secret Service, whose secondary job, away from guarding the Office of the President, is to seek out and capture those engaged in illegally producing counterfeit documents and or "paper money. The distinction being the documents are also a form of negotiable paper.
To suggest that the Administration get involved and clear this mess up, is at the very least, a ludicrous idea. More on that later.
Anyway, input and other information is expected, in order to help those still unaware of the ramifications of our situation, and to also "prompt" those who are simply apathetic, to get involved.
fw