NYSE Program Abuse!!..
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No-close 10 stocks or more, announced on the Street Feed today.
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The DTCC has now begun to stop giving Stock Certificates For Shares Owned. For over one hundred years, Investors Have had these Certificates as Proof of shares owned. Millions of people would keep these Certificates in their safe deposit boxes. There has been a myriad of uses for these Certificates and handed down through generations. Now, in the new age of computer technology, having a Certificate of Stock ownership kept the Investors stocks from being used by banks and Fund Mangers to loan out for others to Short. I fail to see on this link to the DTCC any reasonable Answer to this decision.
No news came out on it that I4J is aware of, and is cause for concern until we find out why, and what with anything they intend to replace the Certificates.
This is cause for discussion.
http://www.dtcc.com/leadership/
issues/nomorepaper/industry/history.php
March 3, 2009
Bloomberg has been watching this Bankruptcy Case... Recently gave the following report.
Please Click and Read....
http://www.bloomberg.com/apps/news?pid=20601127&sid=aZNpGAvgPFD0&refer=lawMar
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SIRI...
....This is so important to not only SIRI, and what Ex Chairman Martin did to hold up the Merger of SIRI and XM satillite radio, but begs for an investigation into this man's motives, and/or abuse of power. It cost the Individual Investor 100's of Millions in share losses, opened the Stocks to incredible Fund manipulations.. Which tanked the stock to unrealistic levels.
Time Line of Martin's outrageous abuse of power..
Begin Jan. 2007 ..
http://www.reuters.com/article/ousiv/
idUSN1736825520070118
April, 2008 ..
http://www.naugblog.com/2008/04/26/
scandal-ridden-ag-marc-dann-opposes-xm-sirius-merger/
Dec. 2008 It gets Worse!!...
http://businesssheet.alleyinsider.com/2008/12/
fcc-chairman-kevin-martin-ripped-in-house-report
Finally.. What has become all too familiar in our system, Incompetence masking Corruption..
http://energycommerce.house.gov/images/stories/
Documents/PDF/Newsroom/fcc%20majority%20staff%20report%20081209.pdf
Will Investors get the Justice deserved?
EVER?
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