Blogfest 2005 - Sep 21, 2005 - Printable Version
- Faulking Truth to Senator Shelby: PUT THE DAMN FIRE OUT!
by Mark Faulk Dave Patch of www.investigatethesec.com spoke with Senator Richard Shelby's aide Jonathon Grassio today, who told Patch that "the Senator did not derail any hearings and that the Banking Committee was 'committed to this issue.'" He also said that they were "monitoring Regulation SHO."
For starters, my article is 100% accurate, and although I called Shelby's office, and his Press Secretary's cell phone as well, they chose not to comment on my story. That says it all, in my opinion. I also emailed the article to the "Honorable" Senator Shelby, and he still hasn't responded to me. What's the matter, Senator, don't you like me anymore? If you have issues with my facts (and they are facts), then call me.....we'll talk.
Now let's get to Grassio's "monitoring Regulation SHO" comment. Monitoring Regulation SHO? Didn't Senator Bob Bennett tell former SEC Chairman William Donaldson over six months ago, "My main message here is that the evidence is Rule SHO is not working." So, a key member of the Banking Committee has already stated that Regulation SHO wasn't working SIX MONTHS AGO. And since then? There are still a number of well-known companies that have been on the "fail to deliver" list since day one, now 173 days and counting. How is standing around watching shareholders not get the stock that they bought for over six months "committed to the issue"?
Grassio also told Patch that he was "oversimplifying the issue." Patch's response is well worth reading, and right on the money, so I'll link his article below and add my trillion dollars worth. Hmmmm.....Mr. Grassio, how about this for "oversimplifying"? You go onto Ebay and buy 100 tickets to a sporting event for $50 each, but instead of sending you the tickets, the seller instead just makes an entry in his ledger that you bought the tickets, and promises to send them to you in three days. Then, he tells you that the tickets are there, but still refuses to actually send them to you. "Trust me," he says.
So what do you do? "Monitor" the situation for six months? No, you report him to the proper authorities after the three days (and maybe a little grace period....just to be nice), have him arrested and charged with internet fraud, and maybe even bank fraud. He goes to jail, and even if you never see your money again, at least no one else can be victimized by this crook. It really is that simple.
Monitoring Regulation SHO? That's the equivalent of firefighters "monitoring" a fire while the entire neighborhood goes up in smoke. Just when do you actually step in and start dumping water onto the fire? There will be plenty of time to figure out exactly what caused the fire later, but for now.....JUST PUT THE DAMN FIRE OUT! We've already burned down enough neighborhoods, destroyed enough lives. And THAT'S the Faulking Truth.
Read Dave Patch's article at:
Senate Banking Committee Chairman Richard Shelby Aide claims – Settling Trades is “Oversimplified”
http://www.investigatethesec.com/DP210905.htm
Read "Congress Sells America Short" at:
http://www.faulkingtruth.com/Articles/Investing101/1038.html
Call Senator Shelby at (202) 224-5744, or email him at senator@shelby.senate.gov
Tell him how simple this issue really is....you pay for your stock, your broker goes out and buys it, and delivers it to you. The end.
Voice your opinion on our message board (you don't have to sign up to post), or post in our guestbook.
Blogfest 2005 Archives:
Keep on Blogging in The Free World (Mark Faulk, Sep 21, 2004)
"It's the Issues, Stupid" (Mark Faulk, Sep 21, 2004)
The Trust Factor......mmmmmm, donuts (Mark Faulk, Sep 30, 2004)
The Vice-Presidential Debate Primer (Mark Faulk, Oct 5, 2004)
Is Bush a girly-man? (Mark Faulk, Oct 7, 2004)
Kids! Time to come in and get dressed for war (Mark Faulk, Nov 1, 2004)
"I Think We're all Bozos on this Bus" and "Dude, Where's My Bong?" (Mark Faulk, Nov 5, 2004)
"We're mad as hell and we're not going to take it anymore!" and "The Ministry of Truth Strikes Again" (Mark Faulk, Nov 9, 2004)
Vacation....Had to get away (Mark Faulk, Nov 11, 2004)
A 'Tribute' to Steve Martin (Mark Faulk, Nov 14, 2004)
How Long Can You Tread Water? (Mark Faulk, Nov 17, 2004)
"Give the People What They Want" (Mark Faulk, Nov 22, 2004)
Home on the Range..... (Mark Faulk, Nov 27, 2004)
Coping With Loss: How to Deal With the 2004 Election (Mark Faulk, Dec 7, 2004)
Peace Kills (Mark Faulk, Dec 21, 2004)
A Tale of Two Psychos (Mark Faulk, Dec 27, 2004)
Hurtling Headlong Through the Blogosphere (Mark Faulk, Jan 4, 2005)
The Faulking Truth Gone Wild (Mark Faulk, Jan 6, 2005)
Palestinians Elect Abba by Wide Margin (Mark Faulk, Jan 9, 2005)
"Look everybody, we've found WMDRPAs!" and "Supporting the Inauguration Day Boycott.....Sort of" (Mark Faulk, Jan 12, 2005)
Confessions of.....a Christian (Mark Faulk, Jan 18, 2005)
Seven Degrees of George W. Bush (Mark Faulk, Jan 20, 2005)
Dear IRS...... (Mark Faulk, Jan 25, 2005)
What Democracy Means to Me (Johnny Carson, Feb 5, 2005)
"I love you...no, really, I do...." and "Have a Crappy... I Mean... Happy Valentine's Day" (Mark Faulk and Kelsey Renee Faulk, Feb 14, 2005)
"THE END OF BLOCKBUSTER!" (Mark Faulk, Feb 19, 2005)
The Poor get Poorer..... (Mark Faulk, Mar 8, 2005)
Refinancing your home the 'hard' way..... (Mark Faulk, Mar 19, 2005)
A Fall From Grace - How Bush is Alienating Mainstream America (Mark Faulk, Mar 26, 2005)
I'm not schizophrenic....and neither am I (Mark Faulk, Mar 31, 2005)
Pope Dies of old Age (Mark Faulk, Apr 4, 2005)
America to Dateline: Tell the Truth Now! (Mark Faulk, Apr 7, 2005)
How I Spent my Weekend (Russell Tharp, Apr 18, 2005)
How Many Lesbians Does it Take to Screw in a Lightbulb? (Mark Faulk, Apr 27, 2005)
Four Dead in Ohio (Mark Faulk, May 4, 2005)
Some Mother's Son (Mark Faulk, May 8, 2005)
"lalalalalalalala.....I can't hear you!" (Mark Faulk, May 22, 2005)
The Man on the Crane (Mark Faulk, May 28, 2005)
NOW Do You Feel Secure on the Internet? (Mark Faulk, Jun 1, 2005)
Taking the Faulking Truth to the Airwaves (Mark Faulk, Jun 17, 2005)
Wall Street: Destroying the Evidence (Mark Faulk, Jun 21, 2005)
And now....Page two (Mark Faulk, Jul 1, 2005)
Help Wanted- President Seeks New Brain (Mark Faulk, Jul 11, 2005)
Bush Picks "French Fry Judge" for Supreme Court (Mark Faulk, Jul 19, 2005)
Praying for a Miracle (Mark Faulk, Jul 23, 2005)
Send in the Clowns (Mark Faulk, Jul 28, 2005)
"What's Wrong With This Picture?" or "Gas Prices Set Record High.....Win A Free Hummer!" (Mark Faulk, Aug 15, 2005)
Pat Robertson's Case for the Assassination of President Bush.....I mean, Hugo Chavez (Mark Faulk, Aug 23, 2005)
The Faulking Truth...in (Black) and (White) (Mark Faulk, Aug 25, 2005)
They're Trying to Wash Us Away.... (Mark Faulk, Aug 31, 2005)
"Not Acceptable" (Mark Faulk, Sep 2, 2005)
And I'm looking forward to sitting on the porch (Laughter.) (Mark Faulk, Sep 6, 2005)
Who Says FEMA Can't Relate to Blacks, Yo? (Mark Faulk, Sep 15, 2005)
Faulking Truth to Senator Shelby: PUT THE DAMN FIRE OUT! (Mark Faulk, Sep 21, 2005)
George Talks to God..... (Mark Faulk, Oct 8, 2005)
For the Greater Good..... (Mark Faulk, Oct 27, 2005)
Coalition....What Coalition? (Mark Faulk, Nov 21, 2005)
Confessions of a White Gentile (Mark Faulk, Dec 4, 2005)
The World Just Got A Little Less Funny (Mark Faulk, Dec 10, 2005)
MySpace is the Devil (Mark Faulk, Dec 18, 2005)
Desecrating Christmas (Mark Faulk, Dec 29, 2005)
Srecna Nova Godina....od tim Faulking Truth (Mark Faulk, Jan 1, 2006)
On Kurt Vonnegut..... (Mark Faulk, Jan 8, 2006)
Taking it to the Streets (Mark Faulk, Jan 14, 2006)
Desecrating History (Mike Bohling, Feb 4, 2006)
Congress Uses "C Word" (Mark Faulk, Mar 13, 2006)
Conspiracy....or Conspiracy Nuts? (Mark Faulk, Mar 18, 2006)
Roddy Boyd: Choosing up Sides (Mark Faulk, Mar 28, 2006)
Emotional Casualties of War (Mark Faulk, Apr 28, 2006)
It is a very mixed blessing to be brought back from the dead. (Mark Faulk, May 10, 2006)
MySpace is the Devil (Redux) (Mark Faulk, May 23, 2006)
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