NEVER TOLERATE TYRANNY!....Conservative voices from the GRASSROOTS.

ROOT CAUSE OF FINANCIAL CRISIS

INFORMATIONAL
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DID IMF SHORT-SELLING CAUSE THE STOCK MARKET TO PLUNGE ON 05/06/2010 TO PAY FOR GREECE BAILOUT? MAKE SENSE?...THE ULTIMATE "WEALTH DISTRIBUTION" SCHEME?...Hmmmm (Rotten smell emmanating from Denmark) Did American stockholders and pensioneers just bail out socialists in Europe?
Naked short selling, or naked shorting, is the practice of short-selling a financial instrument without first borrowing the security or ensuring that the security can be borrowed, as is conventionally done in a short sale. When the seller does not obtain the shares within the required time frame, the result is known as a "fail to deliver". The transaction generally remains open until the shares are acquired by the seller, or the seller's broker, allowing the trade to be settled.[1] Naked short selling can be used to fraudulently manipulate the price of securities by driving their price down, and its use in this way is illegal.[2] However, the practice is considered benign under certain circumstances, such as trading by market makers.[3]

In the United States, naked short selling is covered by various SEC regulations which prohibit the practice.[4] In 2005, "Regulation SHO" was enacted, requiring that broker-dealers have grounds to believe that shares will be available for a given stock transaction, and requiring that delivery take place within a limited time period.[3][5] As part of its response to the crisis in the North American markets in 2008, the SEC issued a temporary order restricting short-selling in the shares of 19 financial firms deemed systemically important, by reinforcing the penalties for failing to deliver the shares in time.[6] Effective September 18, 2008, amid claims that aggressive short selling had played a role in the failure of financial giant Lehman Brothers, the SEC extended and expanded the rules to remove exceptions and to cover all companies.[7][8]

Some commentators have contended that despite regulations, naked shorting is widespread and that the SEC regulations are poorly enforced. Its critics have contended that the practice is susceptible to abuse, can be damaging to targeted companies struggling to raise capital, and has led to numerous bankruptcies.[4][7][9] However, other commentators have said that the naked shorting issue is a "devil theory",[10] not a bona fide market issue and a waste of regulatory resources.[11]

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Comment by Gordon Ray Kissinger on May 8, 2010 at 9:06am: I received the below information from a friend and fellow REAL AMERICAN patriot member Wayne Mercier. What do you think about it Uncle?

Discernment Advised
May 7, 2010
Obama Attack On Corporate Giant P&G Shatters US Stock Market
By: Sorcha Faal, and as reported to her Western Subscribers

An interesting report prepared for Prime Minister Putin by Deputy Minister Tatyana Nesterenko of Russia’s Finance Ministry states that US President Barack Obama yesterday ‘personally ordered’ an attack on America’s fourth largest corporation Proctor & Gamble (P&G) over fears this Global consumer products giant has aligned itself with American Military ‘elements’ set to ‘forcefully oppose’ the ‘socialization’ of their country.
According to this report, this Obama launched attack against Proctor & Gamble originated from the banking giant Citigroup he had previously taken over using $300 Billion of American taxpayer money, and which yesterday initiated a P&G stock trade that not only cut this corporate giants worth in half, it nearly collapsed the entire US stock market in the process.
American propaganda news reports are stating that this disastrous Cititgroup stock trade was ‘mistakenly’ done when one of their traders entered ‘billion’ instead of ‘million’ while processing a sell order for P&G stock, which was immediately noticed by financial news analysts reporting on what has now become the US stock markets biggest intraday point drop in history.
Important to note, this report continues, was that at the same time Obama was attacking P&G’s stock value, he was also assaulting them through the use of his governments Consumer Product Safety Commission, which hours before the attack on P&G’s stock value announced they were launching a probe of the World's largest household products company over claims it Pampers diapers were harming children, a claim P&G quickly fired back was “completely false”.
[Note: It bears mentioning that at the same time Obama was attacking P&G, his own government scientists are attacking him. According to the New York Times, the President’s Cancer Panel (called the Mount Everest of the US medical mainstream) yesterday released a devastating “landmark” report warning that “to a disturbing extent, babies are born ‘pre-polluted” due to the number of unregulated and untested chemicals being poured into their bodies. Only a few hundred of the more than 80,000 chemicals in use in the United States have been tested for safety and Obama’s own top scientists further warn Americans to store water in glass or stainless steel containers, or in plastics that don’t contain BPA, which, interestingly enough, P&G had long ago ceased using in its PUR Water Filter System.]
Most interesting to note in this report is its detailing how Proctor & Gamble, who from its humble Cincinnati Ohio beginnings in 1837, became the largest supplier to US Army “Union” Forces during the American Civil War (1861-1865) of soap and candles, and when ‘called upon’ by President Abraham Lincoln to “save their Union” from the ready to invade European powers of Britain and France, helped finance the 1863-1864 Russian Fleet Expedition to North America protecting the United States from British troops poised to invade to retake their former colonies.
[Note: Invading French forces were defeated by Mexican forces in the Battle of Puebla that took place on May 5, 1862 and which the holiday Cinco de Mayo (meaning 5 May) still celebrates today.]
Since the Civil War, this report continues, Proctor & Gamble has remained “inexorably linked” with its United States “consumers” and Military Forces providing a “bulwark of stability” against “any and all” threats to the “American Dream” it epitomizes through its massive advertising budget that dwarfs its nearest rival, US government owned General Motors (GM) by over $1 Billion.
Since the Great Depression (1929-1941), Proctor & Gamble has pioneered the use of advertising to depict to the American