The MacDougal Post: Calamari

July 21, 2010

Calamari

    Where I come from, calamari is a Family curse.

    My mother put calamari out on the table once, and the old man hot-footed me over to Johnny’s for a large pepperoni with green peppers on his half and pineapple on mine, just the way I like it.

    There’s no need going into what happened next, but after we got back, it did, and we didn’t see the old man’s sorry ass around the apartment for weeks anyway, and then only on these kind of conditional party of his part visitation things under the iron hand of the recently aggrieved party of her part.

    So I figure wishing calamari on somebody is the worst curse a former wise guy can lay on you.

    Obama just signed the Financial Reform Act of 2010, bribed with lavish gangland campaign contributions into pretending that short-sellers didn’t cause the Great Crash of 2008/09 caused by short-sellers, and I wish calamari on this President and everyone who had anything to do with a mob-funded bill designed to keep, near as I can tell, all the mugging, thieving, skimming, pocket-picking Wall Street thugs on our crime-ridden financial streets. Every single one.

    All this thing addresses are yesterday's scams, and maybe the occasional transparent caper shuttered the moment regulatory hotshots catch on to it. Scams change like the weather down on Wall Street. What we sorely needed from this piece of calamari legislation was scammers in the clink.

    And housing consumer protection inside the Fed is somebody’s idea of a cruel joke. Alan Greenspan, former Chairman there, insisted time and again that he wasn’t supposed to please Congress. His constituency was the banks.

    Double calamaris on B. Hussein Obama and the pack of them on the hill. Alvin Green for President in 2012.

Inside the Scam

Short-sellers flood markets with bogus shares, involving buyers in bookkeeping transactions, not stock, and not telling them about it. Wall Street helps hide the fraud with Madoff accounting, even letting shorts pay dividends as part of this scam, duping investors into believing they get real dividends paid by the company they thought they invested in.

Worse, short-selling, in effect, adds these phony shares to the actual total number reported in company financial statements, which goes into the various earnings per share (EPS) calculations, essential components of the critical metric universally used to value common stocks, the price/earnings ratio (P/E). In a selling frenzy, EPS can be cut from, say, $4.00 to $0.40 or $0.04 or whatever, by the immense volume of fake shares these pretend investors are drubbing the real ones with at point of purchase.

Every reference made to P/E as a calculable metric is a lie. Our stock market is gamed by short-side racketeers, rendering equity investment in this country a massive securities fraud. Their humongous swindle purloins much of our savings during every market downdraft.

Odds are the SEC staff belongs in jail. Gangland racketeering is more than enabled by the complicity of our regulatory hotshots. Mob stooges inside that agency have spearheaded these cons for generations, flat out lying to us all those years.

Surely, the SEC's remarkable contention that short-sellers borrow their shares from you and me is, in its downright absurdity, the nadir of arrogance and criminal obfuscation.

That's why we're never asked to go along with it.

Site Exclusives

As our young readers know, any loser who steals mommy and daddy's savings is a stupid ninny.

Wall Street hires the biggest dumbbells in the world. That's because God hates stealers, and the nincompoops don't even know it.

Keep an eye on bad men like hedge fund managers, bank CEOs and proprietary traders right here in The MacDougal Post. Incorrigible dingbats like Mucus Poole-Knightly, Pockets MulGoon, and Lewie the Dip, just to name a few of the head cases found on the site, are contracted to appear here exclusively.

You won't find that kind of financial coverage anywhere else in cyberspace.

Check in with us regularly to find out what's really going on with your money, if there's any left. And when it's all gone, take a shower whenever you can and drop in on us from the local public library.

The MacDougal Post

Prize

July 21, 2010

Calamari

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