Shit like this needs to be exposed far and wide. People like Weinswig are worse than used car salesmen

Get Jon Stewart on her case cuz he likes kicking CNBC butt.

Let’s send TDS this post link.

Here’s a way to send info to the Daily Show.

Dugg, thanks Jane.;)
That reminds me…next few days I need to go down to Walmart and do a little employee educating. I’m sure they’re getting lots of talks from supervisors about The Evils Of Unions. Where I used to work, we had mandatory little “education” sessions like that. “If you see a union organizer at the employee entrance, just don’t make eye contact, don’t speak to him, don’t accept a pamphlet…”

Well, to give them their due, they really do want to “save jobs” — save them just the way they are, that is.

“spreading like a yeast infection”

Bah hahahahahaha! Perfect description of the right wing lies, deceits and distortions Jane!

Um,

I’m not an attorney, but I’d say that there’s a better than average chance (if all these conflicts of interest went undisclosed) that this woman is in violation of U.S. Code Title 15 Section 78j and Rule 10b-5.

Has anyone bothered to report this to the SEC yet?

The Wall Street Journal polled “economists” on how Obama is doing on the economy. The “results” are being presented everywhere. They graded him poorly. None of the stories say that it was a hand picked group of fifty economists not a random survey…The bullshit continues…

Goopers are fighting for their fuckin lives and they have never been bound by decency even in small matters. It’s fuckn WAR!

As Chris points out, this “research” was funded by an astroturf group called the “Alliance to Save Main Street Jobs,” which includes the American Hotel and Lodging Association, the Associated Builders and Contractors, The International Council of Shopping Centers, the Real Estate Roundtable, the Retail Industry Leaders Association and…wait for it… the U.S. Chamber of Commerce.

Hack research like this hurts investors we need to get this information out there to the business community if only we could get CNBC to cover it.

This is great what is the penalty for braking these rules?

AND THE KILLIN’ GOEZ ON AND ON AND…

Citizen Hamsher and the Firepup Freedom Fighters:

There is a one word answer to the fascist terrorism of the American people: ORGANIZE!!

It is also the answer to Obama corporatists, DLC and “New Democrat” hucksters…health care and unioniozation are the existential issues for American democracy.

KEEP THE FAITH AND PASS THE AMMUNITION AND ORGANIZE ORGANIZE ORGANIZE!!!

(b) To use or employ, in connection with the purchase or sale
of any security registered on a national securities exchange or
any security not so registered, or any securities-based swap
agreement (as defined in section 206B of the Gramm-Leach-Bliley
Act), any manipulative or deceptive device or contrivance in
contravention of such rules and regulations as the Commission may
prescribe as necessary or appropriate in the public interest or
for the protection of investors.

http://caselaw.lp.findlaw.com/…..n_78j.html

My bold So her hack research the downgrade on Wallmart hurts investors by causing them to sell. As an expert on stocks she cannot plead ignorance its her duty to check out her sources.
A college Freshman writing a research paper knows better than to use biased sources.
The methodology behind a biased study well if bloggers can figure its flawed as a paid Expert she can’t claim ignorance.
The thing is she was working with a group lobbying against Obama I think Rico may apply and we can use that to get her bosses.

After watching the following video of Jim Cramer, I’m not sure I can accept Citigroup’s recent upswing in profits:

http://www.youtube.com/watch?v…..r_embedded

Jim Cramer admits that he and wife/cohorts would spread a rumor in the positive about a certain company’s stock (those companies that were on the brink of failure) and when the stock would go way up, they would then spread another rumor that the company wasn’t doing good and then would sell their stock at the higher price…cashing in….before the company crashed. Maybe this is what Citigroup is doing? Telling everyone that their company is looking good and strong (just like Enron did!) to beef up their stock prices. Who knows, but at this point I don’t trust anyone on Wall Street no matter who they are and how they’re connected.

It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any facility of any national securities exchange,

1. To employ any device, scheme, or artifice to defraud,

2. To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, or

3. To engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person,

in connection with the purchase or sale of any security.

http://www.law.uc.edu/CCL/34ActRls/rule10b-5.html

She was on tv she lied we got her dead to rights.

Well. The penalty varies depending on the abuse. If brought forward by the state it can be a criminal prosecution as I understand it.

However, a lawsuit for Rule 10b-5 violations can be brought by any person who can show damages by being fraudulently manipulated into buying or selling a particular security by the person or agency the suit is being brought against.

As far as I understand it, again IANAL.

A Pump and Dump how long before we get reports that insiders sold on the rise? I think we might have to wait for bad news about Citi to leak like if they fail Obama’s stress test.
I think they know they will fail and created a Pump and Dump to get some cash.

Then lets get some press so investors know they can sue. I’m sure the big pension funds would love to get back some losses and those guys are often GOPers who would believe this junk and are wired into financial news 7 ways to Sunday.

Rico applies for

# Bankruptcy or securities fraud

;

On March 29, 1989, financier Michael Milken was indicted on 98 counts of racketeering and fraud relating to an investigation into insider trading and other offenses. Milken was accused of using a wide-ranging network of contacts to manipulate stock and bond prices. It was one of the first occasions that a RICO indictment was brought against an individual with no ties to organized crime. Milken pled guilty to six lesser offenses rather than face spending the rest of his life in prison.

On September 7, 1988, Milken’s employer, Drexel Burnham Lambert, was also threatened with a RICO indictment under the legal doctrine that corporations are responsible for their employees’ crimes. Drexel avoided RICO charges by pleading no contest to lesser felonies. While many sources say that Drexel pleaded guilty, in truth the firm only admitted it was “not in a position to dispute the allegations.”

http://en.wikipedia.org/wiki/R…..ations_Act

Deborah Weinswig downgraded Walmart stock based on fears that the Employee Free Choice Act would pass, she participated in a private Citi conference call hosted by the Chamber of Commerce.

Debby engaged in fraud investors lost money she was working with the Chamber of Commerce and I assume Citi

*

Pattern of racketeering activity requires at least two acts of racketeering activity, one of which occurred after the effective date of this chapter and the last of which occurred within ten years (excluding any period of imprisonment) after the commission of a prior act of racketeering activity. The U.S. Supreme Court has instructed federal courts to follow the continuity-plus-relationship test in order to determine whether the facts of a specific case give rise to an established pattern.

http://en.wikipedia.org/wiki/R…..ations_Act

We need one more case of fraud either by Debby, Citi or by the Chamber of Commerce perpetrated on investors. Maybe Jon Stewart can ask Jim Cramer tonight if he knows of any such instances.
Or maybe the second act of fraud could be all those assurances I know Citi gave that they were doing just fine to the financial press all last year. Lots of folks lost money on that.

Under RICO, a person who is a member of an enterprise that has committed any two of 35 crimes—27 federal crimes and 8 state crimes—within a 10-year period can be charged with racketeering. Those found guilty of racketeering can be fined up to $25,000 and/or sentenced to 20 years in prison per racketeering count. In addition, the racketeer must forfeit all ill-gotten gains and interest in any business gained through a pattern of “racketeering activity.” RICO also permits a private individual harmed by the actions of such an enterprise to file a civil suit; if successful, the individual can collect treble damages.

http://en.wikipedia.org/wiki/R…..ations_Act

After Enron CEO’s like Citi’s boss hav to swear that their financial statements are real telling investors that Citi is fine when they are not is fraud.
Debby’s little lie puts them over the 2 crime limit into RICO land.

Weinswig was raving on CNBC on February 19 about what a superb stock Walmart is at this time for this economy. It’s hard to understand how she reasonably concluded that the stock should be downgraded based on a piece of questionable research financed by lobbying interests and the possibility that a bill might pass in August.
————————-
CNBC is ownedby General Electric,who also brought us Ronnie and Nancy Raygun
have you looked at their stock price lately…toilet paper is more useful and VALUABLE

Oh, but now everyone is doing it, doing it, doing it.

Actually, this report that Citi has apparently been given over lock, stock and barrel to the lobbyists suggests that they are through as a normal financial firm. Any group that had to be taken seriously by arbitrary business people could hardly afford such a shameless and, as Jane indicated, unnecessary display of shillery as this caper.

We have heard of late about the different meanings of the word “nationalization”. Citigroup has evidently been nationalized in the special meaning of the word that Uncle Dick Cheney taught us through the Halliburton experience. It is now a conduit for loot and a vehicle for the fascist political agenda, period.

BofA soon to follow.

RICO is the way to go with the fraudsters….FREEZE and SEIZEisay…assets

After every financial down turn many of the top stocks drop out and new ones replace them. Citi and BOA I think are done being big movers and shakers on the DOW.

I knew that you would like that:)

this aint purty

http://finance.yahoo.com/echar…..E;range=5y

Although Debby as a Citi top dog must have had Citi stock in her retirement fund and Citi stock options I’m not sure her assets are now worth more than her debts.
I’m sure her house has also dropped in value.

otherwise open all the prison doors and let out the petty crimminals

Here’s some good news:

http://www.boston.com/news/loc…..p_Emailed3

I hope this kind of thing goes viral around the nation. As pointed out by Clif on my blog, we are ALL in this boat together and it the boat sinks we all sink. ;-)

GE stock sucks I’m sure they are pushing Obama for big nuclear power plant contracts. But while the Government might give loan guarantees I’m not sure any contractor has the cash to build, or a bank willing to finance such a project.
Plus no new nuke plant has been built since 3 mile island every new plant since then was already on the drawing board or in construction already.
Outside of engineers and contractors working outside the country we don’t have anyone under 60 with experience building them.
Not to many 60 year olds want to walk steel to check welds and on a nuke plant in could not be more crucial having experienced workers and engineers.

Let’s see, today we had holding company chairman Parsons singing the evangelist part. Yesterday was banking CEO Pandit doing so, in the form of a memo that, though leaked, seemed to have been written to be leaked and to just miss being a false report of some legal requirement like quarterly earnings. (As Yves notes in the link, there is no two-month reporting requirement.)

Good thing I’m the type to just take everything at face value and not trouble myself looking too deep beneath the surface, or I’d think this was something other than a rather artless attempt to stay rico-legal.

They lied about their fiances they deceived investors last year. Many of them lied again this year. I think we got them:)
I am wondering when the lawsuits will flood in Cumo seems like the only prosecutor who might file.

I’ve been holding out hope (on this and a couple other venues) that eventually someone will unleash such a cosmic fart of illegality that some prosecutor no one would have expected will realize that they just have to make a case. Citi is bouying my spirits, we may be getting close.

Sam Stein now reporting on Rachel’s show that Citi plans to hold an EFCA-related conference call next week for labor leaders.

Maybe they’ll ask them to call their Congressmen to fight EFCA?

Or maybe they’ll recommend they buy WallyMart stock?

Or recommend they shop at WallyMart?