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Fannie Mae Lie:SEC Chris Cox,Agora Inc.,James Dale Davidson, Lord Rees Mogg,LOM Bermuda

by Tony Ryals Wednesday, Nov. 05, 2008 at 5:41 AM
wolfblitzzer0@gmail.com

Now why does Chris Cox and his SEC (U.S.Securities Exchange Commission)allow Scott Lines and his LOM(Lines Overseas Management) of Bermuda Bahamas Isle of Man,etc.whose massive U.S. penny stock frauds and manipulations in collusion with disgraced Florida Democrat Rep.Tim Mahoney's vFinance and Charles Schwab has been covered up by the SEC itself to buy and sell Fannie Mae,Freddie Mac,etc. shares ? And how can anyone know just how many they really buy and sell or short,(dump),over time ? Could these types of offshore hedge fund and securities fraudsters be what caused the collapse of Fannie Mae shares and NOT the lie Chrisopher Cox about 'naked shorting' Cox has sold to the public ?

Fannie Mae Naked Short Lie:SEC Chris Cox,Agora Inc.,James Dale Davidson, Lord William Rees-Mogg LOM Bermuda, Schwab,vFinance Stock Fraud Money Laundering



Now why does Chris Cox and his SEC (U.S.Securities Exchange Commission)allow Scott Lines and his LOM(Lines Overseas Management) of Bermuda Bahamas Isle of Man,etc.whose massive U.S. penny stock frauds and manipulations in collusion with disgraced Florida Democrat Rep.Tim Mahoney's vFinance and Charles Schwab has been covered up by the SEC itself to buy and sell Fannie Mae,Freddie Mac,etc. shares ? And how can anyone know just how many they really buy and sell or short,(dump),over time ? Could these types of offshore hedge fund and securities fraudsters be what caused the collapse of Fannie Mae shares and NOT the lie Chrisopher Cox about 'naked shorting' Cox has sold to the public ?

.....

Why invest with LOM? - LOM

LOM is one of the world's largest and most established offshore investment firms ... Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Isle of Man ...

www.lom.com/why-invest-with-lom

Fixed Income Fund - LOM

The LOM Fixed Income Fund is an absolute return, investment grade bond

fund. ... Fannie Mae, 02/01/11. Fannie Mae, 06/30/11. Fannie Mae,

06/25/10 ...

http://www.lom.com/fixed-income-fund

.......

LOM 2008 Half Year Financial Results - LOM

The storm continues in the financial markets with both Fannie Mae and

Freddie ... LOM's first half net earnings for 2008 decreased to 806

or 1 cent per ...

http://www.lom.com/lom-2008-half-year-financial-results



.....

And with all the U.S. penny stock fraud and manipulation from LOM over

the years that Chris Cox seems to have forgotten and that includes

Alexandria,Virginia's James Dale Davidson and Canadians Brent Pierce

and Grant Atkins of NAANSS(National Association Against Naked Short

Selling),fame's Genemax pump and dump money laundering as well as those few penny stocks acknowledged by Carol Remond of WSJ and David Marchant OF OFFSHOREBUSINESS and the SEC,but also including Charles Schwab's and Tim Mahoney's vFinance 'market maker' expertise to manipulate Endovasc of Virginia banker David P Summers(posing as a Texas biotech CEO and inventor) and I believe many more U.S. penny unmentioned - how can the SEC justify this offshore pump and dump firm to buy and sell Fannie Mae !?

It should be remembered that James Dale Davidson and his British Lord,or Lard,William Rees-Mogg once were substantial shareholders in LOM and thus they and their Agora Inc must still have some clout there.And NCANS 'Bob O'Brien' the anonymous spokesman for Patrick Byrne's NCANS or

National Coalition Against Naked Shorting that replaced Davidson's

NAANSS in 2005 once posted on NFI's Yahoo.con ! pump and dump message board that Davidson was involved with NCANS as well and provided it with cell phones.Davidson's and the Lard Rees-Mogg's and Steve Forbes' NTU or National Taxpayers Union is located coincidentally in Alexandria,Virginia near the Securities Exchange Commission where many penny stock frauds and money laundering ops have been orchestrated from over the years.

It should be noted the the Lord William Rees-Mogg is a co-author with

James Dale Davidson of sensational self promotional investing books

such such as 'The Sovereign Individual'(that actually explained Davidson's modus operandi to use the new internet for anonymous stock fraud and dirty tricks) and 'Blood In he Streets' that have become cult classics of far right Libertarians such as Texas Republican Ron Paul who has alsolied in collusion with James Dale Davidson,Christopher Cox,Patrick Byrne,et.al. about 'naked short

selling' in order to distract from very real offshore hedge fund

shorting and stock manipulation and illegal U.S. penny stock pumps and

dumps and money laundering of the kind James Dale Davidson's,the Lord

William Rees-Mogg's,Scott Lines',et.al.'s LOM of Bermuda really does.

Lord Rees-Mogg is former editor of Times of London now owned by his

friend Rupert Murdoch who now controls Wall Street Journal(as if it

weren't corrupt and right wing enough before he bought it).The Lard William

Rees-Mogg was an adviser to 'Iron Lady' Margaret Thatcher which might

explain some of the financial corruption going down around her UK

regime at the time such as collapse of the market and pound and stock frauds.

James Dale Davidson was an economic adviser to daddy George Herbert

Walker Bush behind the scenes and he(Davidson himself)has hinted at

money laundering activities for both 'Poppy' Bush and Bill Clinton regimes.He was also the chief accuser of Bill Clinton in the death of Vince Foster and was employer ex CIA Chief William Colby at the time he died mysteriously in a drowning in the 1990's in order to have Colby's name on his fraudulent Agora Inc stock promotion news letter,Strategic Investments.Colby's name was used on the Strategic Investment letterherad sent out accusing Clinton of the murder of Foster but Colby died without ever making a comment on Davidson's use of his name to accuse Clinton of murder which he(Colby) was paid foronly to promote James Dale

Davidson's,Lord William Rees-Mogg and Bill Bonner's,et.al.'s Agora Inc stock

frauds.Humorously enough the British Queen's good ol boy,or old man,Lord William Rees-Mogg was more interested in sniffing out Monica Lewinski's soiled under wear and kissing up to Monica's handler and literary pimp Lucianne Goldberg to do so.:

The British Oligarchy Moves To Oust President Clinton

... Lord William Rees-Mogg's Strategic Investment newsletter, and British ... from no later than 1993, New York ``literary agent'' Lucianne Goldberg, ...

american_almanac.tripod.com/britolig.htm





http://www.whiskeyandgunpowder.com/Archives/2008/20080918.html

September 18, 2008

By Lord William Rees-Mogg

London, England, U.K.



Forecasting the Crash

In 1987, which is now more than twenty years ago, I published a book

with James Dale Davidson. Some people still remember it for its title,

Blood in the Streets, taken from a remark of Nathan Rothschild in

1815, at the time of Napoleon's hundred-day gamble that ended in his

defeat at Waterloo. "The time to buy," said Rothschild, "is when blood

is running in the streets." The book arose out of our commentary in

Strategic Investment.

The book attracted a good deal of attention at the time because it

forecast the 1987 crash, which is still the largest fall in one day's

trading on Wall Street. I was in New York when the 1987 crash

occurred. I remember an Australian broker observing that he had fought

in a foxhole in Vietnam and that he found the 1987 crash more

frightening....

................

Post by David Marchant on his offshorebusiness.com message board re the Lard William Rees-Mogg,James Dale Davidson and LOM of Bermuda::

http://www.offshorebusiness.com/message_board_detail.asp?id=57480&page=19

Re: Scott Lines - Brian Lines - Lines Overseas Management slammed by SEC

By David Marchant on 12/20/2007 6:53:12 PM

E-mail: editor@offshorealert.com

I've been reporting on LOM for many, many years. I was working in

Bermuda when the company was launched.

I don't recall LOM ever threatening to sue me, however. To the best of

my knowledge and recollection, the company has never made such a

threat.

Of interest is that, when I looked at the holding company's share

register several years ago, Agora's James Dale Davidson was on it, as

was Lord William Rees-Mogg, who is also involved with Agora.

David Marchant

.....................

I have followed the american english term 'naked short selling' or 'naked shorting' created by U.S. penny stock con artists protected by the corrupt Securities Exchange Commission of the United States since 1992 when the term

first began to be posted on ragingbull.con and Yahoo.con ! stock message boards.Even Steve Forbes' own paid business hack reporter Gary Weiss

(whose anonymous vanity biographer Mantan Moreland appears responsible for deleting all mention of James Dale Davidson's involvement with NAANSS or National Association Against Naked Short Selling on Wikipedia)has admitted he can't track its existence (the term 'naked short selling')any further back than 1999 when it was posted on the sec.gov's own website by an anonymous penny stock scamster who complained about it in regards to some worthless penny stock he was promoting(and no doubt dumping shares of that he wished to claim-lie were not his and his fellow stock scamsters own unaudited and probably unregistered shares ).

In fact I screamed in my indymedia articles-posts when the term was first mentioned in an english video on Al Jazeera,(and enquired how they said 'naked short selling' in Arabic), in 2006 AND ON NY MAYOR MICHAEL BLOOMBERG'S BLOOMBERG AND ON RUPERT MURDOCH'S(AND THE LORD WILLIAM REES-MOGG'S TIMES OF LONDON)IN 2007 IN RELATION TO NORTHERN ROCK AND ONLY APPEARED IN AUSTRALIAN ENGLISH THANKS TO RUPERT MURDOCH'S HACK REPORTER AND SLEEZY NEWSPAPERS IN 2008 ! The term has no academic or historic credibilty and no one ever identifies any person or entity that is 'naked shorting' - except for Pat Byrne who blames it on a 'Sith Lord' ! Ha.

The SEC and Christopher Cox know it is a made up term the fraudsters such as James Dale Davidson quoted below in email to me from 2004 and on his own Agora Inc Vantage Point website defines it as 'counterfeitting' of shares although who is doing it always remains unknown and unsaid.Just ask SEC Chair Chris Cox who now heads this fraudulent claim movement just as the now silent James Dale Davidson and the still raving Patrick Byrne of Overstock.con still does !Only Chris Cox now uses it to distract from the hedge funds and offshore criminals he protects who have basically looted Fannie Mae and Freddie Mac through unregulated stock manipulations from anonymous offshore accounts both hedge funbd and private accounts that are probably uilty of both money laundering and tax fraud.YES,CHRIS COX CAN BE PROUD,HE IS HEADING A FRAUD MUCH BIGGER THAN HIS HEROES AND LATHAM

WATKINS LEGAL CLIENTS OF ENRON.THIS FRAUD TOPS A TRILLION DOLLARS AND PROMISES TO LEAVE EVERY AMERICAN MAN WOMAN AND CHILD INDEBTED IN PERPETUITY !



Immediately below is part of my email correspondence with James Dale

Davidson founder of Steve Forbes', et.al.'s National Taxpayers Union

near Chris Cox's SEC office in beautiful downtown Alexandria,

Virginia. Mr.Davidson is also founder of Bill Bonner's,et.al.'s Agora

Inc penny stock holding(and dumping),

'company' in beautiful downtown Baltimore,Maryland.

James Dale Davidson has admitted to money laundering for George

Herbert Walker 'Poppy' Bush on his own newsmax.com that Rupert

Murdoch's Fox News loves to cite.He is the inventor of the 'Clinton

killed Vince Foster' myth and worked with Richard Mellon Scaife to

bring Clinton down although he helped finance Clinton's first run for

the White House.

Below is a link to and quote from Davidson's correspondence with me of 2004 that I posted on cnet.Note that although everyone knows Davidson's Genemax was a pump and dump fraud that

used various offshore accounts and the collusion of Charles Schwab and vFinance - no one was ever convicted and although innumerable money laundering operations with U.S. penny stocks have occured post 9/11 not one has ever been charged with making a fraudulent claim about 'naked short selling' to distract from all the worthless sjhares they 'pump and dump'!And now Chris Cox would have us believe Fannie Mae and Frediie Mac were simply 'naked shorted' - by Patrick Byrne's 'Sith Lord' ? - and that will be the end of it !

Note recent comments from SEC Chair Cox will be posted immediately after Davidson's email to me and his old Agora Inc Vantage Point stating,'the SEC also lies. I know because the SEC field office in

Utah has lied about me. And I suspect that these lies are the

culmination of a carefully laid plan to discredit GeneMax and punish

the company for raising troublesome issues about naked short selling,

which has also embarrassed the SEC.....'

Well the penny stock money laundering criminal James Dale Davidson certainly has a friend at the U.S. SEC now as if didn't at the time he complained.He was let off by the SEC and the corrupt Utah SEC attorney Brent Baker(who later got a well paid position with Patrick Byrne)never even mentioned his fraudulent claim that his Genemax pump and dump and Virginia banker David P Summers'Endovasc were relly illegal pump and dump money laundering operations.

David P Summers,(James Dale Davidson's Endovasc pump and dump money laundering partner and as it turns out Beltway colleague) never even disclosed he was really a Virgina banker and lied about his background outright! He is still running penny stock frauds such as the 'biotech' Metabolic Research as well as Virginia Heritage Bank ! Ms.Kerry McGovern of the SEC knows all about this as do no doubt many more SEC attorneys but she does nothing but defend them.



http://news.cnet.com/5208-1038-0.html?forumID=1&threadID=10346&messageID=76947&start=-1



Yahoo protects stock mafia , death threats: reader comment from Tony Ryals

Posted on: octubre 13, 2005, 9:53 PM PDT:

Dear Mr. Ryals,

Who are you? I infer from your rantings below that you are delusional.

But perhaps more than that? Perhaps you are malicious, and in the

employ of electronic counterfeiters who have feasted on the corpses of

small public companies ever since the advent of electronic clearing? I

can think of no other motivation that would explain your letter. By

and large, normal people do not sit around inventing malicious

fantasies about someone they don't even know.

Obviously, you have your own agenda, so you are unlikely to be swayed

by anything I might say. I recognize that. But for what it's worth, I

have never been involved in any "pump and dump" exercise. For the

record, you have been warned. I would advise you not to repeat your

malicious slanders in a public forum, or I shall be obliged to take

legal action for redress.

Sincerely, James Davidson

P.S. By the way, your search for a company I have been involved with

which was a success for its investors could not have been very

diligent. As it happens, there was a long op ed piece in the

Washington Post this week by a small investor who made so much money

following my advice that filing his taxes had become a burden for him.

James Dale Davidson

.......................

http://news.cnet.com/5208-1030_3-0.html?forumID=1&threadID=14617&messageID=128832&start=0

Dear Vantage Point Investor,

You may be as startled and upset as I am by the sudden collapse in the

price of GeneMax (GMXX), which has tumbled in the last nine trading

days. The question is, why? I can't pretend that I fully understand

the answer. But I have a disturbing guess. It appears that the naked

short-sellers who have counterfeited millions of GeneMax shares in an

attempt to destroy the company have enlisted powerful help.....

Unhappily, the SEC also lies. I know because the SEC field office in

Utah has lied about me. And I suspect that these lies are the

culmination of a carefully laid plan to discredit GeneMax and punish

the company for raising troublesome issues about naked short selling,

which has also embarrassed the SEC.....

And, if you are as concerned as I am about electronic counterfeiting

and its effects on the dynamic young companies that must fuel our

country's future growth (as well as your portfolio), I urge you to

write your congressman. You can also register your concern with the

National Association Against Naked Short

Selling(www.nakedshortselling.com),, which is taking up the fight for

companies and investors alike.

Sincerely,

James DAVIDSON

..................

Now note how our own SEC Chairman who should be protecting the public is aiding known penny stock criminal James Dale Davidson who founded NAANSS or National Association Against Naked Short Selling with Canadian penny stock criminals Brent Pierce and Grant Atkins and claimed Genemax and Endovasc were being 'naked shorted' when in fact all those shares were being issued and dumped by James Dale Davidson and gang from numerous accounts including LOM of Bermuda Charles Schwab and disgaced Florida Democrat Representative Tim Mahonwy's vFinnace ! And even tough Chris Cox and his corrupt or criminal SEC attoeneys all know this they allow offhore criminal enterprises such as LOM of Bermuda and Bahamas and Liechtenstein etc.,to by and sell and manipulate shares of Fannie Mae eve4n knowing both American investors can and have been harmed andf that U.S. tapayers or their children will be left with thew debt !

This is much larger than the penny stock scams that started the fraudulent naked shorting rumor and even Enron that Chris Cox's law firm in California represented even knowing it was robbing not only investors but his own California constituents blind at the beginning of W Bush administration in 2000 ! Christopher Cox who heads our own SEC is perhaps the biggest stock criminal in U.S. history and yes that is a serious accusation !

The proof that Chris Cox is lieing to aid James Dale Davidson penny stock fraudster money launderer and founder of the National Taxpayers Union a few blocks away from him as well as Geico billionaire Jack Byrne's son Patrick Byrne of Overstock.con is the fact that Fannie Mae and Freddie Mac etc., unlike most penny stocks such as Davidson's Genemax and Endovasc poumps and dumps,etc.,pay or at least paid dividends,(with the exception of NFI or Nova Star Financial mortgage lenders that NCANS also claimed was 'naked shorted').And the very fact that Fannie Mae and Freddie Mac

and even NFI paid dividends and not one investor or shareholder - not even insiders to the fraud - ever said they did not receive their dividends so in fact none of their shares were ever 'naked shorted' or counterfeitted or some of the shares would not have paid dividends if they weren't real so Chris Cox is just repeating James Dale Davidson's lies.And not one bought off corrupt business reporter from Steve Forbes' Forbes to Rupert Murdoch's Wall Street Journal to New York Mayor Michael Bloomberg's Bloomberg or the New York Times are calling him on his lies that have defrauded and looted not only 'retail' or 'mom and pop' investors in Fannie Mae etc.,but also homebuyers as well as taxpayers or their children indebted to the tune of trillions of dollars!Yes this is much bigger than penny stocks Mr.Cox and you should be behind bars for many years.You,Christopher Cox,are worse than Saddam Hussein who you lieingly accused of having 'WMDS'causing the death of thousands of Americans and hundreds of thousands of Iraqis !But of course dirt tricks both political and stocks have been your political

'expertise' in both the 'Poppy' Bush

and Reagan regimes as they were during your time as Orange County Republican Congressman and later as head of House Homeland Security Dept.,isn't that that right - far right - Mr.Cox !?

http://www.sec.gov/news/press/2008/2008-143.htm

SEC Enhances Investor Protections Against Naked Short Selling

FOR IMMEDIATE RELEASE

2008-143

Washington, D.C., July 15, 2008

"The SEC's mission to protect investors, maintain orderly markets, and promote capital formation is more important now than it has ever

been," said SEC Chairman Christopher Cox. "Today's Commission action

aims to stop unlawful manipulation through 'naked' short selling that

threatens the stability of financial institutions. We will continue

our vigorous commitment to investors by working within the SEC and in

close cooperation with our regulatory counterparts to promote the

continued health and vibrancy of our markets."

.....................

......

http://www.sec.gov/news/press/2008/2008-209.htm

Statements of SEC Chairman Christopher Cox and Enforcement Division

Director Linda Thomsen Regarding Immediate Commission Actions to

Combat Market Manipulation

FOR IMMEDIATE RELEASE

2008-209

Washington, D.C., Sept. 17, 2008

"Millions of investors entrust their savings to our securities markets

because they can be confident that our markets are orderly, liquid,

efficient, and rational," said Chairman Cox. "The turmoil in today's

markets, particularly in the financial sector, is challenging that

assumption for ordinary Americans. Markets are the best tool a free

society has to price and allocate assets across a complex economy, but

as is well known from experience, sometimes the wisdom of crowds is

supplanted by crowd behavior. We need well-functioning markets to help

us draw the line between reasonable miscalculation and error or

something worse involving the failure of due diligence, self-dealing,

and conflicts of interest. It is thus vitally important that the

market mechanism continue to inspire investor confidence.

"In order to ensure that hidden manipulation, illegal naked short

selling, or illegitimate trading tactics do not drive market behavior

and undermine confidence, the SEC today took several actions to

address short selling abuses," Chairman Cox continued.

.................................

The truth is Christopher Cox has so many conflicts of interest he

shouldn't even be allowed to live near Washington,D.C.,much less run

the U.S. SEC for the personal gain and financial and securities frauds

of his old Reagan-Bush administration money launderers such as James

Dale Davidson with his international far right fascist and stock fraud and money laundering connections and operations from the UK to Israel to Austria, Liechtenstein and the UAE and Dubai and around the world.Below is an obvious illegal penny stock spam

by James Dale Davidson's newsmax and

right - right out - out of Davidson's and Lord William Rees-Mogg's and

Steve Forbes' own National Taxpayers Union office building near the

SEC main office inb Alexandria, Virginia itself !And the U.S. SEC or Securities Exchange Commission,a few blocks away,does nothing !:

http://www.testcompany.com/archive/May2007-18/3687.html

SPAM+++ How You Can Profit from "An Oil Field in the Placenta"

From: NewsMax.com

Date: Wed, 09 May 2007 13:17:27 GMT

To: "test(*)testcompany.com"



Dear NewsMax Reader:

Please find below a special message from our sponsor, James Davidson,

Editor of Outside the Box. He has some important information to share

with you.

Thank you.

NewsMax.com

"An Oilfield in the Placenta"

May 2007

New Discovery Lets You Make A Fortune Without Ethical Controversy With

Stem Cells From Umbilical Cord Blood

Why you could pocket 30 times more profit from an obscure Israeli

biotech discovery than from a 40 billion barrel oil find at Prudhoe

Bay…

By James Dale Davidson



If you have shied away from profiting from the immense promise of stem

cells to treat disease because of moral concern over extracting stem

cells from fetal tissue, pay close attention. You can now invest with

a clear conscience. An Israeli entrepreneur, Zami Aberman, has

discovered, "an oilfield in the placenta." His little company,

Pluristem Life Systems (OTCBB: PLRS) has made a discovery which is

potentially more valuable than Prudhoe Bay.



Sounds crazy, right? Not really. The exciting news is that you may be

able to make more money from Pluristem's "placental blood" stem cell discovery than you could have made four decades ago from ARCO's

discovery of a vast, untapped oil basin in Alaska's remote Prudhoe

Bay..

Buy Pluristem (PLRS.OB) now, and profit from the stem cell revolution.

Sincerely,

James Davidson



--------------------------------------------------------------------------------

BUILD YOUR FORTUNE FROM HIGH GROWTH, MICRO-CAP COMPANIES. SUBSCRIBE TO

OUTSIDE THE BOX: Unconventional Thinking for Unconventional Profits

(Subscription coupon)

"YES" I am determined to create my own bull market by realizing the

profit potential of undiscovered, micro cap stocks.

Mail to: Outside the Box

108 N. Alfred Street, Suite 200

Alexandria, Virginia 22314

(Note the address given above for James Dale Davidson's illegal 'pump and dump' of Pluristem with his far right Israeli colleagues(and Frank Carlucci of Carlyle and CIA fame) with intent to defraud his fellow Americans is his and Steve Forbes' et.al.'s

National Taxpayers Union office a few blocks from SEC Chairman Christopher Cox's office !Also Davidson uses his right wing Fox News connected newsmax that is funded by such penny stock frauds as Genemax that started NAANSS and the very 'naked short selling' lie that his old Reagan-Bush regime ally Chris Cox now as head of the SEC uses to distract defrauded investors from Fannie Mae's and other mortgage

stock pumps and dumps and illegal U.S.stock manipulations by offshore

entities such as LOM of Bermuda !)

..................



In truth if we had real business journalists rather than Steve Forbes',

Rupert Murdoch's,Bloomberg's paid hacks who dominate business and other

'news' - Christopher Cox ex Republican Orange County Congressman

whose Latham and Watkins law firm represented Enron in California and

who lied about WMDs in Iraq and covered up the Reagan-Bush China

deals that

http://www.consortiumnews.com/2005/060805.html

The Cox Report's 'Dirty Little Secret'

George W. Bush's nominee to oversee Wall Street produced a

congressional report in 1999 that laid the principal blame for China's

alleged theft of nuclear secrets on the Clinton administration when

the primary rupture of secrets actually could be traced to the

Reagan-Bush administration of the 1980s.





Is the Bush Administration Trying to Take Down Fannie Mae?

By Scott Thill, AlterNet. Posted January 28, 2008.

The government-backed lender is embroiled in a murky battle.



"I love my grandfather," CNN chatterhead Glenn Beck complained on his

eponymous show, "but I just want to slap him across the face for

liking FDR. I think that was one evil son of a bitch."

Beck's complaint was echoed by his guest for the segment, supply-side

economist Stephen Moore, one-time president of the Club for Growth,

fellow at think tanks like the Cato Institute and Heritage Foundation,

author of Bullish on Bush and now a Rupert Murdoch employee on the

Wall Street Journal's editorial board. Together, they tag-teamed the

history books so hard on Roosevelt and the New Deal that one could

have been forgiven for forgetting that the four-time president's

policies not only carried America through the Great Depression, but

defeated both Hitler and Mussolini to score a geopolitical hat trick.

In Beck and Moore's rhetorical attacks, FDR comes out looking like the

very fascists he defeated, one who actually lengthened the Great

Depression in an attempt to "nationalize," as Beck asserted,

everything in sight and screw honest, hard-working businessmen out of

their deserved paydays.

Of course, Moore and Beck are not alone: Naomi Klein's stunning The

Shock Doctrine, a deeply researched and scathing condemnation of

Milton Friedman's free-market ideology (and ideologues), catalogs

neoconservative attempts over the last several decades to unwind

everything FDR's New Deal has accomplished. Taken together, the

attacks on FDR share one major goal: To privatize what is left of the

New Deal and undermine its programs to help the poor and unlucky of

the United States navigate their way into the middle class.

The Federal National Mortgage Association (FNMA), more commonly known

by its portmanteau nickname Fannie Mae, is one such government entity

created by the New Deal, initially to inject liquidity -- or cold,

hard cash -- into the mortgage market. That is, until 1968, when it

was converted into a private corporation that ceased to guarantee

loans made by the government. Since then, it has existed in a nebulous

state otherwise known as a government-sponsored entity (GSE), like its

smaller GSE-in-arms Freddie Mac, which also buys and pools loans on

the secondary market to package them into mortgage-backed securities

for sale to investors on the open market. Even though Fannie and

Freddie receive no

........................

http://seattlepi.nwsource.com/business/385786_fbi31.html



Bush administration denies funding for FBI probe of mortgage mess

by Seattle Post-Intelligencer

01 Nov 2008

The Bush administration is rejecting FBI pleas for more agents to

investigate crimes that helped trigger the global financial meltdown,

bureau sources said this week.

Many more agents needed, official says

Friday, October 31, 2008

Last updated 2:54 p.m. PT

By PAUL SHUKOVSKY AND DANIEL LATHROP

P-I REPORTERS

......................

SCHWAB,VFIN AND LOM FROM THE ROYAL GAZETTE OF BERMUDA,2004



http://www.royalgazette.com/siftology.royalgazette/Article/article.jsp?sectionId=65&articleId=7d4b19230030010

Clients stood to benefit from suspect stock sales � claim

Published: November 3. 2004 12:00AM

--------------------------------------------------------------------



LOM Logo Scott Lines, Donald Lines and Brian Lines



Clients of investment firm Lines Overseas Management stood to profit

from the alleged manipulation of a penny stock now under investigation

by the US Securities and Exchange Commission, according to a court

filing.



The SEC filing, first reported on yesterday by Miami-based newsletter

Inside Bermuda, said the clients bought a total of 100,000 shares in

Sedona Software Solutions from ICH Investments, a firm the SEC alleges

is controlled by LOM principals Scott and Brian Lines.



The clients, who included directors such as company lawyer Graham

Collis and Susan Wilson, senior employees like CFO Malcolm Moseley,

and relatives of the Lines brothers, bought the shares for a share

on January 21, 2003 when the market price for the shares was .



In addition the SEC filing alleged that Scott Lines, the chief

executive officer of LOM, and Brian Lines, the firm's president, also

profited from the sales.





"Even though Brian and Scott Lines sold these shares for per share,

they still profited from these sales because they had purchased the

Sedona shares for approximately seven cents per share," the SEC filing

said.



The filing alleged that the sale of the shares took place four days

after Sedona's stock price had been boosted by the issuance of a Press

release which the regulator claims was misleading in that it did not

disclose LOM's involvement with the buyer and seller in a merger deal.



By the time the SEC temporarily suspended trading of Sedona shares for

suspected stock manipulation eight days later, LOM's clients had sold

13,000 of the Sedona shares "into the US market for a profit" even

though their stock was "apparently restricted" and "could not be sold

over US markets for at least one year and, even then, under certain

restrictions", the filing said.



Inside Bermuda reported: "Those who did not sell prior to the

suspension of trading avoided potential losses from the subsequent

collapse of the stock price when, according to the SEC, LOM cancelled

the transfers of shares from the ICH account."



LOM vice president of compliance Scott Hill said the company could not

comment on the SEC allegations because it was pending before the

courts.



"The information contained in the KYC News article was taken from the

SEC's last court filings in advance of the subpoena enforcement

hearing now scheduled for December 10," he said.



"Because this matter is pending in the courts, we are unable to

comment on the specific allegations at this time. However we look

forward to getting into court and having the SEC's allegations

reviewed by a federal judge where all the facts can be considered."



According to an exhibit filed by the SEC at the US District Court for

the District of Columbia on October 13, the purchasers of the

discounted shares included Daisy Alexandra Lines, Francesca Elizabeth

Lines, Sharon Lines, representing Nicholas Lines and Ben Lines, who

are both minors; Graham Collis, Susan Wilson, Graham Redford, Kevin

Winter, Kevin Christopher Way, Dave McNay, Ian Brown, Stuart M. Smith,

Malcolm Moseley, Kim Moseley, Robert L. Moore, Bente Ahern,

Christopher Maurice White, John Cook, Derek Lee, Constanzo Di Meglio,

James Parris, Sharon Parris, James Parris Jr., Don Petkau, Derricka

Brangman, Richard Paynter, Debra-Ann Paynter, Bermuda Overseas

Investors Limited, First Edinburgh Securities, Clover Capital

Corporation, Quindone Investments Ltd., Bart Holdings Ltd., Bably

Ltd., Median Ltd., and Gigco Holdings Ltd.



Inside Bermuda said most of those identified in the exhibit bought

between 500 and 2,000 of the discounted shares, although some

purchased more, including Constanzo Di Meglio, who works for Bermuda's

Little Venice restaurant chain, who allegedly received 5,000 shares.



Mr. Collis, a partner with Bermuda's biggest law firm, Conyers, Dill &

Pearman, and a director of LOM (Holdings) Ltd., received 1,500 shares.

Mrs. Wilson, who is chief executive officer of Masters Ltd. and who is

also head of LOM's Audit Committee, received 1,000 shares, according

to the SEC.



Mr. Collis did not respond to questions emailed to him by Inside

Bermuda asking about his alleged acquisition.



According to the SEC's Washington DC branch chief, attorney Michael

Ungar, ICH Investments Ltd. � whose alleged nominal head was Kevin Way

� was one of several companies that acted as nominees for Scott Lines,

Brian Lines and/or LOM customers. Others included Gateway Research

Management Group Limited and SKN Holdings Ltd. (both allegedly

nominally headed by Kevin Winter); Clyde Resources Ltd. (Graham

Redford), Warwick Ventures Ltd. (Stuart Smith), Iguana Investments

Ltd. and Nottinghill Resources Ltd. (both Richard King), Consensus

Investments Ltd. (Eric Collins), and Aberdeen Holdings Ltd. (Michael

Heslop).



Nominees for the Lines brothers were compensated by receiving stock at

a steep discount to its trading price, according to the SEC. Promoters

were also compensated with shares, plus cash, to promote penny stocks

associated with LOM and/or two of its clients, James Curtis and Todd

Peever, it was alleged.



Two of the compensated "touters" were identified as Intrepid Investor,

which has a mailing list of "almost one million people", and OTC

Journal, which has "over one million subscribers".



Details of the alleged discounted sales to privileged insiders and

alleged compensation to stock promoters were disclosed in court

filings by the SEC during October as it seeks to force LOM and Scott

Lines to comply with four subpoenas for records and testimony

concerning two separate investigations into alleged securities fraud

involving Sedona Software Solutions Inc. and SHEP Technologies Inc.,

both of Vancouver, Canada, and HiEnergy Technologies Inc., of Irvine,

California.



LOM and Mr. Lines contend that the United States does not have

jurisdiction over them and that they are prohibited from disclosing

some of the information being sought due to secrecy provisions of laws

in Bermuda, the Bahamas and the Cayman Islands, where LOM has offices.



As part of an attempt to establish that LOM has sufficient ties to the

United States to meet jurisdictional requirements, Ungar claimed that

LOM executed substantial volumes of trades with the US operations of

vFinance Investments Inc., Schwab Capital Markets LLC, and Sterne,

Agee Capital Markets and also did business with CIBC Mellon Securities

Trust Company, in New York.



"The volume of LOM's US trading, whether on behalf of its customers or

its own accounts, is staggering," stated Mr. Ungar. "For example, in

LOM's account at Schwab, during a two-week period in 2003 � the same

year in which the SHEP and Sedona transactions in question occurred �

LOM bought or sold, on over 4,000 different occasions, a total of 151

million shares of US securities traded over various US securities

markets."



The trader at Florida-based vFinance who was in charge of LOM's

account testified that "LOM's trading over the US markets was more

than the trading of most US regional banks" and that he "either

accumulated or liquidated millions of shares a day for them", stated

Mr. Ungar.



In arguing that it was prohibited by offshore secrecy laws from

disclosing certain information to the SEC, LOM had submitted

declarations from attorneys Paul Smith, of Conyers, Dill & Pearman, in

Bermuda; Michael Paton, of Lennox Paton, in the Bahamas; and Richard

Fear, of Charles Adams, Ritchie & Duckworth, in the Cayman Islands.



The SEC countered these arguments by submitting declarations from

attorneys Dennis Dwyer, of Wakefield Quin, in Bermuda; Emanuel

Alexiou, of Alexiou Knowles & Co., in the Bahamas; and Charles Quin,

of Quin & Hampson, in Cayman, who each stated there were legal

gateways available that allowed compliance with such subpoenas if

those served with them actually wanted to comply.



LOM had also claimed that it was prevented � upon pain of criminal

punishment � from turning over telephone records to the SEC but Mr.

Dwyer declared that the provision of Bermuda's Telecommunications Act

that LOM cited only applied to "the interception of telephone

conversations".



The Act "provides exceptions for telephone conversations maintained

for quality control purposes" and "disclosure of confidential

information is permitted on the grounds of public interest", stated

Mr. Dwyer.



The current action at the US District Court for the District of

Columbia was initiated on June 10, 2004 when the SEC filed an

application for an order to show cause why LOM and Scott Lines should

not be ordered to comply with its subpoenas. The court has

re-scheduled a hearing to determine the issues of the case for

December 10, 2004.



LOM said it yesterday filed a supplemental declaration with the court on behalf of Scott Lines responding to an SEC affidavit alleging that Scott Lines was "not truthful" in a declaration filed with the court,and that he did not leave Miami until April 21 as opposed to April 20 as noted in his initial declaration.



LOM said the supplemental declaration refutes the SEC claim and

confirms that he did in fact leave Miami on April 20.

"They are bogged down big-time or there would be some indictments by

now," said a recently retired bureau official who played a pivotal

role in setting FBI policy after

9/11.

............

Cox on naked short selling:

http://www.youtube.com/watch?v=50dp5YvEbrQ



...............

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................

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