The MacDougal Post: Crime and Punishment, USA

May 20, 2015

Crime and Punishment, USA

In its latest attack on capitalism, the Dark Side used the U.S. Department of Injustice to hit today's shareholders of JP Morgan Chase, Citigroup, Barclays, Royal Bank of Scotland, and UBS for $5.4 billion in hush money over the rigging of spot prices in the Dollar and the Euro, having the effect of 1) punishing innocent investors for holding common stocks of too-big-to-fail financial behemoths years after the alleged market manipulation went down, while at the same time 2) keeping financial Dons atop apparently criminal enterprises out of the slammer to make more "political contributions" to Washington. The above giants admitted institutional, but not personal, guilt, and Bank of America was also fined, but avoided making any guilty plea at all. This latest round of currency racketeering enforcement brings bribes collected to a staggering $10 billion and top level Crime Lords fingered, let alone incarcerated, to an equally staggering 0, and, get this, the U.S. Securities and Excuses Commission is reported to have actually given waivers to all the institutions pleading guilty that let them continue conducting business as usual in their securities operations.

Keeping in line with the G-man policy of punishing the little guy, who is incapable of spreading obscene amounts of payola around the nation's capital, eight Barclays traders have been fired, four by the bank and another four under orders from a New York State banking regulator. No other personnel actions were mentioned.

And injustice is served once again.

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

May 20, 2015

Crime and Punishment, USA

Did You Know?

Site Exclusives