The MacDougal Post: A Website of Note

August 16, 2015

A Website of Note

"Bernie Madoff committed the biggest financial crime in history. He stole $64.8 billion from tens of thousands of innocent people from countries all over the world. But he did not do this alone. In fact, he could not have done this alone. He needed the assistance of a major financial institution and he needed a bank that would conceal his criminal activities."

So the authors explain why they started jpmadoff.com, a name chosen to describe "The Unholy Alliance Between America's Biggest Bank and America's Biggest Crook". Perusal of their work indicates to us that 1) one author, a lawyer, lost all her money in the Madoff swindle and both are trying to 2) drive JP Morgan out of business and 3) send CEO Jamie Dimon to jail.

It's as good a read as that sounds. If nothing else, we need to be reminded of all the fraudulent and illegal practices this sorry a$$ criminal enterprise has paid out staggering amounts of fines and settlements for in recent years. Then there's the part about driving JP Morgan Chase out of business and sending the CEO to jail for a Madoff-class period of time (150 years. Bernie is scheduled to be released on Nov 14, 2139).

Here's the link: http://jpmadoff.com

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

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August 16, 2015

A Website of Note

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