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Post by jannikki on Apr 2, 2007 22:50:53 GMT -4
From Bud Burrell: Here is the Federal Reserve's new re-pricing program. Read the overview! They look back at naked shorted stocks and based upon their recalculation of what the price should have been, the DTCC will pay us a fairer price, representative of a stock price for the stocks we got screwed over on. Basically, because the stock counterfeiters destroyed the stock prices of so many stocks by creating such a high level of counterfeit shares and this artificial supply devastated the balance between supply and demand, sending the prices plummeting, they are finally going to address this $6+ billion per day theft. Can you say - it is about time! nscc.com/docs/RECAPS_User_Guide.pdf |
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Post by kranker on Apr 2, 2007 22:56:28 GMT -4
uhm, I am not putting any money on this one.  |
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Post by jannikki on Apr 2, 2007 23:00:20 GMT -4
I thought about holding my breath....but, then I remembered I couldn't afford to lapse into a coma this week.  |
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Post by kranker on Apr 2, 2007 23:08:47 GMT -4
These things usually turn out like this,  |
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Post by kranker on Apr 2, 2007 23:10:33 GMT -4
That's a $900,000,000 reward for counterfeiters right there.  |
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Post by jannikki on Apr 2, 2007 23:15:39 GMT -4
If they are taking some sort of action, it would not be for our benefit.....it never has been. You can bet there is some sort of loophole, pitfall, or stipulation that will allow them to continue to milk the system until it is dry. But, I hope Bud is right.  I just have a problem trusting in anything remotely connected to the stock market. |
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Post by jbgoodtrader on Apr 3, 2007 16:12:24 GMT -4
LOL! That should be sent to ALL the media Worldwide! These things usually turn out like this, |
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Post by jannikki on Apr 3, 2007 16:27:34 GMT -4
From: Susanne Trimbath PhD Sent: Tuesday, April 03, 2007 4:40 AM To: 'Bud Burrell' Subject: RE: OK - FINALLY! Some info on the new stock "repricing" program/An Adult Powerpoint, PAY ATTENTION! Importance: High Re: RECAPS Powerpoint; the original author misrepresents this document to you. First of all, this is not the “Federal Reserve's new re-pricing program”; it is from NSCC who is not even a member of the Fed. The program is not “new”; it has been around since 1990. I think they filed a rule-change last year, though, to include bonds in this program which would account for the splashy Powerpoint dog+pony show. Second, it does not mean that “the DTCC will pay us a fairer price”; in fact, it says on the first slide that they will re-price more failed trades at the current market value, that is, they will re-price the fails at today’s (manipulated) lower price. “RECAPS reprices these open fails to the current market value.” [emphasis added] Furthermore, they will replace the original settlement date; this has the potential to remove aging information from the trade. “RECAPS also re-nets open fails and assigns a new settlement date for the newly netted positions; this settlement date replaces the original settlement date for the original fail. [emphasis added] Not a good thing. This point is clarified on slide -2- as: “Minimization of the number of aged fails. RECAPS re-nets all open fails and assigns a new settlement date for the newly netted positions. The RECAPS settlement date replaces the original settlement date for the original fail.” Because fewer fails will be reported does not mean there will be fewer fails. Just that they get to restart the settlement clock by using this program. Questions? _____________________ Susanne Trimbath , Ph.D. www.STPAdvisors.com[glow=red,2,300]OK I was as mad as hell before, but now I am infuriated.  [/glow] |
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Post by freddocazzo on Apr 3, 2007 18:38:38 GMT -4
WTF!
FC,CF
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Post by kranker on Apr 3, 2007 20:11:13 GMT -4
I rest my case. LOL! You have to expect, whatever they spin to the public as positive  is usually 100% evil in practice. |
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Post by kranker on Apr 3, 2007 20:15:25 GMT -4
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Post by BigPuddin on Apr 3, 2007 21:17:36 GMT -4
My stomach literally just turned while reading that. The rich and corrupt get richer and corrupter( a new word )! #$%$!#$!#$ crooks!! -Puddin  |
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Post by kranker on Apr 3, 2007 21:21:40 GMT -4
Attention shoppers, we have a security breach on thread #1175568653  |
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Post by BigPuddin on Apr 3, 2007 21:28:51 GMT -4
Attention shoppers, we have a security breach on thread #1175568653 Did you notice how many dollar signs I included in the cartoon curseword?(too subliminal?)  -Puddin |
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Post by kranker on Apr 3, 2007 21:34:28 GMT -4
Attention shoppers, we have a security breach on thread #1175568653 Did you notice how many dollar signs I included in the cartoon curseword?(too subliminal?) -Puddin I see four dollar signs. Are you going to tell me Briwadd called acca again? LOL |
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[/glow]
