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  • singhlion2001 singhlion2001 May 8, 2013 11:21 AM Flag

    RED ALERT IN USA: BIGGEST FRAUD LOOT COVER UP GOING ON AT "SEC" TO PROTECT MARY SCHAPIRO/ROBERT KHUZAMI/ROBERT COOK LED SCAM GANG

    THESE CRIMINALS HAVE TO GO TO JAIL ALONG WITH PROVEN CRIMINAL MF THUG REED HASTINGS NEXUS SCAM GANG

    WHERE IS FBI?

    ONLY NAVY SEALS CAN SAVE USA 99% NOW

    BRING THEM AND SMOKE OUT SEC TORA BORA CAVES AND BAKSTER FINANCIAL TERRORISTS FROM THEIR GLASS BUILDINGS

    AMERICANS ARE HISTORY WITHOUT REVOLUTION: DR. PAUL CRAIG ROBERTS is right on...

    “I believe that banking institutions are more dangerous to our liberties than standing armies.” – Thomas Jefferson

    If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. – Thomas Jefferson in the debate over the Re-charter of the Bank Bill (1809)

    Andrew Jackson :
    Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.
    DAVID STOCKMAN: We've Been Lied To, Robbed, And Misled

    Sentiment: Strong Sell

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    • When were you released?
      Won't Medicaid pick up your tab?

    • shut down "sec' and hang them in streets of USA now

      BUSINESS | 5/09/2013 @ 11:29AM |1,870 views
      Billionaire Hedge Fund Manager Phil Falcone's Sweet Deal With The SEC
      Phil Falcone, the hedge fund billionaire who has made and lost fortunes in recent years, is on the verge of reaching a very sweet settlement to resolve civil charges filed against him by securities regulators.

      According to a filing made by his Harbinger Group HRG -0.75% with the Securities & Exchange Commission, Falcone has reached an agreement in principle with the enforcement staff of the SEC, which had accused Falcone of fraudulently taking a $113 million loan from one of his hedge funds to pay his personal taxes and only giving favored clients like Goldman Sachs the ability to exit his failing hedge fund.

      Falcone and his Harbinger Capital Partners hedge fund firm will pay $18 million to resolve the charges, a drop in the ocean for Falcone, who has always maintained he has done nothing wrong. In fact, Falcone will not admit or deny the government’s allegations as part of the deal. He will be allowed to remain associated with his hedge fund firm, which is required to give back cash to its investors that have asked for their money as quickly as possible. Falcone reportedly will not be able to raise new hedge fund money or make new investments from his hedge funds for two years. He will also be allowed to remain chief executive of publicly-traded Harbinger Group. In 2011, Falcone rejected an SEC agreement that would have banned him from the securities industry.

      It’s hard to imagine Falcone doing much better in a settlement agreement. Falcone’s hedge fund days were already over after his big bet on a wireless communications firm called Lightsquared ended in a bankruptcy filing. His hedge fund firm manages a tiny fraction of the $26 billion it oversaw at its top, after Falcone successfully bet against subprime mortgages just before the financial crisis. Most of the money managed by his hedge fund belongs to him and there was little chance of him being able to lure new investors into the fund.


      Phil Falcone's Harbinger Group Is One Of The Hottest Stocks Of The Year
      Nathan Vardi
      Forbes Staff
      In fact, Falcone had already moved his financial career into the management of permanent capital vehicles like Harbinger Group, a corporate shell that was once used by U.S. President George H.W. Bush and to which Falcone had his hedge funds contribute assets, like a majority stake in Spectrum Brands. Shares of Harbinger Group have risen by 90% in the last year.

      Last year Falcone also tried to get his hedge funds to contribute $350 million in assets, including a majority interest in an MGM-branded hotel and casino development in Vietnam, and a minority interest in an iron ore producer working in Brazil, to a blank check company, but the deal fell through.

      The deal between the SEC and Falcone is not final, requiring the approval of the SEC’s commissioners. But here is what Robert Khuzami, then chief of the SEC’s enforcement division, said when the charges were filed against Falcone: “Today’s charges read like the final exam in a graduate school course in how to operate a hedge fund unlawfully,” Khuzami said.

      Either Khuzami was wrong and misrepresenting the SEC’s case or the price for such unlawful behavior is very small.

      Sentiment: Strong Sell

    • BUSTED: Robert Khuzami SEC Enforcement Chief

      Sentiment: Strong Sell

    • Financial terrorism threat level to usa 99% pension is now bloody orange red

      send in navy seals asap to smoke out criminal watch dogs at "sec" tora bora caves

      bankster financial terrorists from their glass buildings.

      seize the loot from these financial terrorists and restore it back in usa 99% pensions

      Sentiment: Strong Sell

 
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