The MacDougal Post: Round and Round

January 28, 2013

Round and Round

Mary Jo Somebody is getting nominated to head the Securities and Excuses Commission, replacing that Bloody Mary Person, who’s already been replaced by an Interim Nobody flying way under the radar for a couple of months now. The announcement did not mention how many Wall Street Crime Family Dons the nominated chair represented at her last job, running the litigation department of a law firm apparently specializing in defending white collar crime, and instead spun on and on about the time Mary Jo Somebody spent as U.S. Attorney in Manhattan paying her dues to qualify for the revolving door between regulator and regulatee that rewards these chameleons so fabulously well, ignoring the structural reason (revolving door) why the outgoing Commish failed to put any Wall Street Crime Family Dons where Wall Street Crime Family Dons belong (behind bars), a punishment so pathetic anyway it’s called Club Fed, for goodness sakes.

Bloody Mary claims she has no idea what she’s going to do next, and nobody's had the cujones to ask how much she’s been paid off so far - and expects to get paid off in the future - for not incarcerating any Wall Street Crime Family Dons during her ignominious watch, so we can only assume it's been and/or will be fabulous.

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

January 28, 2013

Round and Round

Did You Know?

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