(Editor's note: This is my first blog entry for The Sanity Check, appropriately billed as "the gathering place for the Market Reform Movement.." There, you will find information from the various advocates who have, reluctantly or otherwise, led the crusade to restore honesty and integrity to the stock market. Thanks to Bob O'Brien for providing this outlet, and to Dave Patch and all of the rest of "The Team" for keeping this issue alive. There truly is strength in numbers.)
"Let us not waste our time in idle discourse. Let us do something, while we have the chance! It is not every day that we are needed. But at this place, at this moment of time, all mankind is us, whether we like it or not. Let us make the most of it, before it is too late..." -Samuel Beckett
I'm not certain what to write on this, my virgin blog entry for Sanity Check. After reading Dave Patch's blog entry, I considered just writing "What he said" and leaving it at that, but that would be the lazy person's way out.
And guess what, America? There's not a lazy person in the bunch when it comes to the issue of stock market reform. Instead, there are thousands of people who have dedicated their time to lifting every rock and shining a light under it, and to demanding that those who are pledged to protect the small investor do just that. So instead, I'll begin with a round of kudos to those in the trenches:
Kudos to Dave Patch, the cornerstone of the crusade to bring reform to the stock market (and a much funnier person than he gives himself credit for). Without Dave, this issue would have ben dead in the water years ago. Without Dave I would never have gotten involved. Thanks man...I love ya.
Kudos to Bob O'Brien, for adding energy and focus to our efforts, and for doing what I've been whining that we all should do for months: channel our efforts, and create one League of Stock Market Reform Unlikely Superheroes who can challenge the greedy brokers, take on the SEC, harass Congress, ridicule the NASD, and strip the veil of secrecy from the hedge funds until they are as naked as the their stock positions. See? Dave was right. Actions are better than whining.
Kudos to Patrick Byrne for putting his charismatic ass on the line and raising the profile of our crusade to the mythical "next level." Thanks for taking us nationwide. May the Force be with you always.
Kudos to Bud Burrell for speaking out in his understated way, and then backing it up. Always outspoken, and a veritable font of information.
Kudos to Gayle Essery at Financial Wire, who has kept up the pressure for years, and who has lifted our profile and expanded our audience.
Okay, there are lots more, DeWayne at CRFN, Darren, Gary and Gary, Rod, the people at The PIPES Report, Ralph Lambiase....and the list goes on and on. We are, as Dave so aptly put it, a TEAM. Every one of us has put in thousands of hours of our time to accomplish something bigger than any one of us.....something for the Greater Good.
I've suggested in the past that we.....as reluctant leaders, or leaders by chance, need to have a real summit meeting, where we put together a cohesive plan of attack, because guess what? Our opponents, those who profit, and profit big, are rich, powerful, and organized. We better do the same, or we don't stand a proverbial snowball's chance in hell. We need to lock ourselves into a room for a few days, and come out united, galvanized, and swinging.
We have enough advocates to fill a village.....but in this case, it doesn't take a village, it takes an entire army. We need America's help. For ever dollar that is taken from our pockets by unscrupulous hedge funds, we need one voice to speak out against it. For every share of stock that isn't delivered by a broker who has already spent the profits that he made on your transaction, we need an equal number of voices crying foul. We need millions of voices, not thousands.
In my next blog, and on my website as well, I'll try to do exactly what Dave has called for, I'll try, as we've all tried, to offer valid solutions. I've shouted out a call to arms on numerous occasion, but its obvious that I haven't followed up enough myself. It's time to refocus our efforts.
Here's a simple jumping off point for everyone while we put together our plan of attack. Do this, and DO IT NOW:
Call your broker, and demand delivery of your stock certificates. If he or she says that they can't deliver them to you, ask them why....and then make them put int in writing. Then forward those lame excuses to the SEC, and to your Congressman, and to Senator Richard Shelby. Force them to settle the trades, and deliver your stock. It really is that simple.
And then, call your Congressman every chance you get, or email them, or camp out on their front yard.
And call the one Senator who could begin the process to fix this tomorrow, but instead chose to do nothing. Call Senator Richard Shelby today and every day. Here's his phone number: (202) 224-5744, and here's his email address: senator@shelby.senate.gov
And finally, and I've said this time and time again: spread the word. Tell every media source to get off of their Jessica Simpson loving asses and report the truth. Tell them that we care more about our country's future more than we do about whether Brad and Jennifer ever get back together. And spread it across the internet. Link the articles of the publications that are telling the story, and demand that other websites do the same.
And that, my friends, is a sanity check from the Faulking Truth.
The Sanity Check
http://thesanitycheck.com/
Investigate the SEC.com
http://www.investigatethesec.com/
Live on Wednesday February 8, 2006 DealFlow Media, publisher of The PIPES Report, will sponsor a live Webinar on the topic of naked short selling, featuring, among others, Overstock CEO Patrick Byrne and ex-SEC Special Counsel Brent Baker. For more information on this important event, go to:
http://www.investigatethesec.com/DP20060110.htm
http://www.dealflowmedia.com/webinars/aggressivetrading.html
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Investing 101 Archives:
Financial Terrorism in America (Mark Faulk, Mar 19, 2004)
Pump and Dump or Short and Distort? (Mark Faulk, Apr 18, 2004)
Response From Berliner Freiverkehr and The Berlin-Bremen Stock Exchange (The Faulking Truth, Jun 3, 2004)
The Berlin Connection? SEC and NASD to Meet With German Brokerage Firm Tomorrow (Mark Faulk, Jun 3, 2004)
Is Dateline Losing Credibility Over StockGate Story Delays? (Mark Faulk, Jun 11, 2004)
Who's Looking Out For You? SEC Critics Seeking Investigation (Mark Faulk, Jun 27, 2004)
He Said, She Said: SEC, NASD At Odds Over Status of Proposal (Mark Faulk, Aug 5, 2004)
The Berlin Connection: 250 Companies Out (And Counting) (Mark Faulk, Aug 30, 2004)
Jag Media Case Dismissed by Judge, Citing Filing Deficiencies (Dave Patch, Sep 9, 2004)
A Twelve Step Program to Clean up the OTC Stock Market (Mark Faulk, Sep 14, 2004)
Is Time Running Short in StockGate Scandal? (Mark Faulk, Oct 5, 2004)
Dateline: The Waiting is the Hardest Part (Mark Faulk, Nov 16, 2004)
Death of an Investment Class (Dave Patch, Dec 30, 2004)
Elgindy Trial Illustrates Incompetence at the Federal Levels (Dave Patch, Jan 4, 2005)
The Year of the Investor (Mark Faulk, Jan 5, 2005)
Regulation SHO’s Threshold Lists Leave More Questions than Answers (Dave Patch, Jan 11, 2005)
Feeding the Stock Market Beast (Mark Faulk, Jan 11, 2005)
Economic Corruption US Style (Joel S. Hirschhorn, Feb 27, 2005)
Stockgate Goes to Congress (Mark Faulk, Mar 10, 2005)
The Old Shell Game (Bob O'Brien, Mar 25, 2005)
FINALLY! Dateline to Air Stockgate Segment April 10th (Mark Faulk, Mar 28, 2005)
Dateline Stockgate Update: POSTPONED YET AGAIN! (Mark Faulk, Apr 6, 2005)
Time to Boycott GE, Dateline, and NBC? (Mark Faulk, Apr 6, 2005)
Pink Sheets CEO Calls for Reform in OTC Stock Market (Mark Faulk, May 2, 2005)
National Counterfeit Conspiracy Days, June 6th and 7th! (Mark Faulk, May 15, 2005)
Ninety-Four Trade Days and Counting (Dave Patch, May 25, 2005)
Stockgate: Turning up the Heat (Mark Faulk, May 31, 2005)
Stockgate: Donaldson out......Cox in (Mark Faulk, Jun 2, 2005)
SEC's Donaldson out, Cox in: One Step Forward, Two Steps Back (Mark Faulk, Jun 13, 2005)
President Bush’s Social Security Agenda - Steal your Money the Easy Way (Dave Patch, Jun 17, 2005)
Global Links Corp: The Real Story (Mark Faulk, Jun 26, 2005)
Forget SEC "Regulations".... This is Good Old-Fashioned Fraud (Mark Faulk, Jul 13, 2005)
Common Cause Joins Fight to "Stop Corporate Takeover of the SEC" (Mark Faulk, Jul 22, 2005)
Dateline Stockgate: We're on, we're off, we're on, we're off.....WE'RE ON AGAIN: July 31st!!! (Mark Faulk, Jul 25, 2005)
Dateline to Air Stockgate Segment in 2-Hour Show, Sunday, July 31st (Mark Faulk, Jul 29, 2005)
From Dateline to Overstock....The Plot Thickens (Mark Faulk, Aug 16, 2005)
Congress Sells America Short (Mark Faulk, Sep 20, 2005)
Stockgate: The Big Picture (Mark Faulk, Oct 10, 2005)
Stockgate: Rallying the Troops (Mark Faulk, Oct 16, 2005)
The $10.5 Billion REFCO Smoking Gun? (Bob O'Brien, Oct 23, 2005)
We Definitely Aren't in Kansas Anymore - Fraud Wall Street Style (Bob O'Brien, Nov 3, 2005)
Start Spreading the News: Stockgate Goes Nationwide (Mark Faulk, Nov 8, 2005)
Stockgate: "Can We Talk?" (Mark Faulk, Nov 27, 2005)
It's Money That Matters (Mark Faulk, Dec 11, 2005)
Regulation SHO; Results Leave Questions More than Answers (Dave Patch, Dec 29, 2005)
Faulking Truth Editor to Write CMKX Story (The Faulking Truth, Jan 5, 2006)
It Takes an Army (Mark Faulk, Jan 11, 2006)
The Circle of Greed: The Only Bull in this Stock Market is a Cash Cow (Mark Faulk, Jan 17, 2006)
A Silent Lynch Mob - An Open Letter From Rod Young (Rodney Young, Feb 2, 2006)
The Circle of Greed: A Voice in the Wilderness (Mark Faulk, Feb 13, 2006)
The Circle of Greed: Who Wants to be a Congressman? (Mark Faulk, Feb 26, 2006)
Freedom of the Press? (Mark Faulk, Mar 12, 2006)
The Parallel Universe of the DTCC: “Bits and bytes in book-entry form.” (Mark Faulk, Mar 24, 2006)
Finally...the Truth About Patrick Byrne (An open letter to Colin Kelly, Jr.) (Mark Faulk, Apr 19, 2006)
Faulking Truth recommends abolishing the SEC (Mark Faulk, Apr 27, 2006)
The Circle of Greed: The Cloak of Invisibility (Mark Faulk, May 25, 2006)
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