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Post by kranker on Jun 29, 2006 20:59:00 GMT -4
The Times June 29, 2006 Dismissed SEC official fears crisis in markets By James Doran GARRY AGUIRRE, the former SEC official who turned whistle-blower when he was fired for mishandling an investigation into allegations of insider trading, believes that hedge funds could cause a market crisis like the crash of 1929. Mr Aguirre made a series of stinging attacks on the hedge fund industry and the US Securities and Exchange Commission during a hearing before the Senate Judiciary Committee in Washington yesterday. Mr Aguirre appeared before the committee to reiterate his claims that the SEC, the FBI, the US Justice Department and several key Wall Street figures colluded to stop his inquiry into allegations of insider trading at an influential hedge fund. However, he also used the occasion to issue a warning to investors. “I believe the nation’s capital markets face a growing risk from unregulated pools of money — now called hedge funds — just as they did in the 1920s from unregulated pools of money — then called syndicates, trusts or pools,” he said. “Those unregulated pools were instrumental in delivering the 1929 crash.” business.timesonline.co.uk/article/0,,13129-2248085,00.html
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Post by inthenow1 on Jun 29, 2006 21:42:35 GMT -4
Kranker - Garry Aguirre is an American Patriot too .. he's a kick azz hero who fights for the truth .. is tenacious, intelligent, says it like it is .. uh huh, I know someone like that .. who has the skill to lead horses, elephants and donkeys to the water to do most anything one could imagine. Frizzell has a new brand of fire in him .. bet something's cooking and we'll know not too far down the road. What do you think of that nut who wants to get 100MM petitions for a United America .. does that thing have a chance? should they try and try and try until they throw him into the Birmingham Jail? ...
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Post by kranker on Jun 29, 2006 22:03:31 GMT -4
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Post by BigPuddin on Jun 29, 2006 22:24:45 GMT -4
Anyone have an email addy for my newest hero? It would be great to let him know that he has the support of thousands of investors! TIA. -Puddin
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Post by johndiamond on Jun 29, 2006 23:44:51 GMT -4
The Times June 29, 2006 Dismissed SEC official fears crisis in markets By James Doran GARRY AGUIRRE, the former SEC official who turned whistle-blower when he was fired for mishandling an investigation into allegations of insider trading, believes that hedge funds could cause a market crisis like the crash of 1929. Mr Aguirre made a series of stinging attacks on the hedge fund industry and the US Securities and Exchange Commission during a hearing before the Senate Judiciary Committee in Washington yesterday. Mr Aguirre appeared before the committee to reiterate his claims that the SEC, the FBI, the US Justice Department and several key Wall Street figures colluded to stop his inquiry into allegations of insider trading at an influential hedge fund. However, he also used the occasion to issue a warning to investors. “I believe the nation’s capital markets face a growing risk from unregulated pools of money — now called hedge funds — just as they did in the 1920s from unregulated pools of money — then called syndicates, trusts or pools,” he said. “Those unregulated pools were instrumental in delivering the 1929 crash.” business.timesonline.co.uk/article/0,,13129-2248085,00.html The 1929 crash was a fire cracker compared to the one to come. Don't get caught. Put some of your money in land, gold, silver, and natural seeds such as corn, beans, tomatoes etc. Seeds are cheap. You then will have land to live on, food to eat and gold to pay your taxes. Oh yea.......several guns will be needed to hold on to what you got. And.....if the market dosen't crash the land will grow in value, the gold and silver will hold their value, and the seed can be used in your home garden. Also get out of debt NOW. In 1929 those who had a mortage on their homes lost them. Then if you have any money left invest it in stocks. The bubble may not burst before you cash out. Good post Kranker .........but will they listen?
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