Perspective posted by: Duc N. Altum
First off, this all in my own opinion and belief and there is going to be a few different posts to this thread from past postings to complete my thought of topic.
Well we all known that the derivatives is and has been an out of control unregulated mess that has sure had it’s impact on the whole world economy.
It has been said by Bob Maheu that “we are going to right a monumental wrong.” From what we have witnessed through this journey, we have witnessed with a close focus of many of the monumental wrongs in the financial system. And we all have taken notice to how off the charts alarming the derivatives market is.
Anyway I am going to share an alarming concern I had a few weeks ago when I saw this one article, and just follow me here.
Wall Street and Republican lawmakers thwart US financial reforms
Only 30 rules have been finalized from 380 drawn up under the Dodd-Frank Wall Street Reform and Consumer Protection Act
So now my first thought/concern was “crap!” after almost a year, they only have 30 rules finalized out of 380. And my full belief is that we CMKM are huge leverage that I believe Wall Street is concerned about with what we have behind our curtain could expose them.
I have been of the belief that our current leverage of Al Hodges suit, Tyler going after Roger Glenn ( another avenue of leverage because IF they really push Roger’s buttons, I believe he would only be forced to admit that (he has a book out on how to counter a naked short and the activities) what he was doing while with CMKX was acting out against the naked short at that time. And I believe NO ONE on wall street or in the financial system wants that Pandora’s box opened, with ANYTHING relating to CMKX/M in trial setting. Especially when Bob Maheu’s record in the court room has been 100%. And yes he is no longer here with us BUT the script and all else is in motion along with all that has happened up to this point with cert pull, who was involved and with what was involved. If that were to hit a court room trial I believe 100% would still be the case from the former Master Trapper, IBM!
Another avenue is Urban Casavant is out there somewhere as another whole avenue, and if he were in a court room trial, I bet his words could become priceless to counter the corruption that our system has been living and enjoying.
Anyway, so with just these few examples of leverage I have been of the firm belief that we CMKM were leverage making sure that those who were fixing the system would stay in line and get done in detail with no loop holes in any new regulations.
Then I see 30 rules out of 380 have only been completed then I got concerned that we might be here forever with us assisting as leverage if these monumental wrongs do not get fixed.
But then I see today this article —-> Regulators Finalize New Derivatives Rules
Which discusses —> Federal regulators on Thursday adopted the first in a series of new rules for the derivatives market, giving the government broad new authority over the $600 trillion industry that played a central role in the financial crisis.
So after seeing that article above, I was in question with myself. How in the heck do they have these derivative rules in place
with only 30 rules done? Then I remembered an article I posted 11 months ago on here. —-> (next post- is an article posted in gossip thread last year where that number 30 comes into play and who worked on the 30. No need to read whole article, just what is in red.)