Rigged Game people. Call your Congress Reps and forward this to them and the SEC.
GS has been naked shorting stocks for decades and GS participated in the killing of Enron, WorldCom, Dephi and hundreds of other companies during the crashes in 1987, 2000 and 2007/2008.
GS paid 2M when stole billions and the SEC suks!!!!!!
WITH THE BLESSING AND PROTECTION OF THE S.E.C? - Not even BLOOMBERG reported what came out at the Feb 4th testimony/questioning by MA. Congressman Stephen Lynch at the SEC/Madoff/Markopolos hearing - "The other thing I keep hearing from some current SEC and former SEC is that there is a hotline. I was told that senior SEC management had actually gone to a financial services industry conference and basically said to the firms out there "If you feel that you are being too aggressively investigated, then I want you to call this office." And that was a senior person, two senior people at teh SEC. And I know that these employees took that message as meaning "we've gotta back off a little bit" and the senior management at the SEC was actually cpatured by the industry and that it wasn't doing the intense investigating that we would expect from them...It just struck me that there was a hot line to stop an investigation or to slow it down at the SEC but there wan't one to speed it up or initaite it. It just seemed counter-intuitive to me given the the mission of the agency itself." -- NOW DO YOU GET IT? Where is the investigations? - I'm the SEC whistleblower cited in this article...If the public (Congress already knows but does nothing) how tremendously compromised / corrupted the SEC truly is (MISSED MADOFF for 9 years and 115 specific documents submitted by Harry Markopolos???) honest unsuspecting people who have lost TRILLIONS would be rightfully quite angry! http://www.truthout.org/022409J
Do you know where they get shares to short? From the mutual funds in your 401K fund. Read the Form N-Q's. Its free, all right there on the SEC website. Those bas-turdz take your 401k money, then invest in buying more shares in the hokey mutual funds, and "lend" the shares to hedge funds so they can short the crap outta them.
Nice deal huh?
IMO mutual funds that are retirement class shares should be forbidden from doing that.