The MacDougal Post: Finally

February 23, 2011

Finally

    Top Mets executives put family, friends, staff, and at least one pretty good ballplayer into the Madoff ponzi, and it appears these officials made such participation conditional on investors initiating no direct contact with Bernie or anyone else at scheme headquarters, instead requiring that questions be directed to some financial dude with the ballclub.

    To make matters worse, this part of the swindle was executed at Madoff’s behest and actually enforced, meaning the Mets ownership helped their buddy pull the wool over these victims’ eyes.

    And now, just when we’ve about gotten over that one, comes news that the clawback guy is suing a former SEC legal honcho to recover $1.5 million in profits the regulatory hotshot received as co-trustee, along with his two brothers, of his mother’s estate, and …. get this …..

    Madoff stated from inside the Butner Club Fed that Bernie considered Bloodbath Mary, Chief Obfuscation Officer at the Securities and Excuses Commission, to be a dear friend.

    Meanwhile, here at The MacDougal Post, your befuddled staff is pleased to announce that, after years and years of trying, we’ve finally heard it all.

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

February 23, 2011

Finally

Did You Know?

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