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	<title>Comments on: The SEC Civil Suit Against Countrywide’s Mozilo: Why You Need to Know About &#8220;Parallel Proceedings&#8221;</title>
	<atom:link href="http://firedoglake.com/2009/06/06/the-sec-civil-suit-against-countrywide%e2%80%99s-mozilo-why-you-need-to-know-about-parallel-proceedings/feed/" rel="self" type="application/rss+xml" />
	<link>http://firedoglake.com/2009/06/06/the-sec-civil-suit-against-countrywide%e2%80%99s-mozilo-why-you-need-to-know-about-parallel-proceedings/</link>
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		<title>By: TheLurkingMod</title>
		<link>http://firedoglake.com/2009/06/06/the-sec-civil-suit-against-countrywide%e2%80%99s-mozilo-why-you-need-to-know-about-parallel-proceedings/#comment-1913294</link>
		<dc:creator>TheLurkingMod</dc:creator>
		<pubDate>Sun, 07 Jun 2009 01:08:12 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/06/06/the-sec-civil-suit-against-countrywide%e2%80%99s-mozilo-why-you-need-to-know-about-parallel-proceedings/#comment-1913294</guid>
		<description>&lt;p&gt;Toby Wollin on the front page!&lt;br /&gt;&lt;a href=&quot;http://firedoglake.com/2009/06/06/ny-23-with-mchugh-headed-to-army-sprawling-district-presents-challenge-for-democrats/&quot; rel=&quot;nofollow&quot;&gt;NY-23: With McHugh Headed to Army, Sprawling District Presents Challenge for Democrats&lt;/a&gt;&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Toby Wollin on the front page!<br /><a href="http://firedoglake.com/2009/06/06/ny-23-with-mchugh-headed-to-army-sprawling-district-presents-challenge-for-democrats/" rel="nofollow">NY-23: With McHugh Headed to Army, Sprawling District Presents Challenge for Democrats</a></p>
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		<title>By: prostratedragon</title>
		<link>http://firedoglake.com/2009/06/06/the-sec-civil-suit-against-countrywide%e2%80%99s-mozilo-why-you-need-to-know-about-parallel-proceedings/#comment-1913289</link>
		<dc:creator>prostratedragon</dc:creator>
		<pubDate>Sun, 07 Jun 2009 00:58:59 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/06/06/the-sec-civil-suit-against-countrywide%e2%80%99s-mozilo-why-you-need-to-know-about-parallel-proceedings/#comment-1913289</guid>
		<description>&lt;p&gt;Thanks for the background, Cynthia. I suspect that this isn’t even the overture yet.&lt;/p&gt;
&lt;p&gt;And, great graphic!&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Thanks for the background, Cynthia. I suspect that this isn’t even the overture yet.</p>
<p>And, great graphic!</p>
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		<title>By: Cynthia Kouril</title>
		<link>http://firedoglake.com/2009/06/06/the-sec-civil-suit-against-countrywide%e2%80%99s-mozilo-why-you-need-to-know-about-parallel-proceedings/#comment-1913287</link>
		<dc:creator>Cynthia Kouril</dc:creator>
		<pubDate>Sun, 07 Jun 2009 00:15:41 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/06/06/the-sec-civil-suit-against-countrywide%e2%80%99s-mozilo-why-you-need-to-know-about-parallel-proceedings/#comment-1913287</guid>
		<description>&lt;p&gt;Thanks Boo&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Thanks Boo</p>
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		<title>By: newtonusr</title>
		<link>http://firedoglake.com/2009/06/06/the-sec-civil-suit-against-countrywide%e2%80%99s-mozilo-why-you-need-to-know-about-parallel-proceedings/#comment-1913286</link>
		<dc:creator>newtonusr</dc:creator>
		<pubDate>Sun, 07 Jun 2009 00:12:43 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/06/06/the-sec-civil-suit-against-countrywide%e2%80%99s-mozilo-why-you-need-to-know-about-parallel-proceedings/#comment-1913286</guid>
		<description>&lt;p&gt;Proving once again that utter fiction, sparingly dosed with truth and $2.95 will get you a large latte at Peets.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Proving once again that utter fiction, sparingly dosed with truth and $2.95 will get you a large latte at Peets.</p>
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		<title>By: plunger</title>
		<link>http://firedoglake.com/2009/06/06/the-sec-civil-suit-against-countrywide%e2%80%99s-mozilo-why-you-need-to-know-about-parallel-proceedings/#comment-1913285</link>
		<dc:creator>plunger</dc:creator>
		<pubDate>Sat, 06 Jun 2009 23:56:29 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/06/06/the-sec-civil-suit-against-countrywide%e2%80%99s-mozilo-why-you-need-to-know-about-parallel-proceedings/#comment-1913285</guid>
		<description>&lt;p&gt;Just as there is no Osama Bin Laden, there is no Stock Market. The appearance of a “market” exists through the disinfotainment entities such as Bloomberg and CNBS, all designed to enable the moneychangers to fleece their purported investors for all of the commission money they can put their hands on while supporting the illusion of market dynamics at play.&lt;/p&gt;
&lt;p&gt;Markets operate on supply and demand. In the aftermath of the tech bubble and the attacks of 9/11, the market was managed downward to a preselected level agreed upon by all of the major participants. What prevented a total market crash? The PPT. Whose money did they use to fund the other side of the trade for every panicked investor who wanted to get out of their stocks? Yours.&lt;/p&gt;
&lt;p&gt;Actually, they created that money from thin air, using the tools at their disposal, which include a printing press, black box computer programs, offshore accounts managed by the Fed itself, the total control of the United States Treasury, and an authorization from Congress allowing them to do so in the interest of “National Security.” Remember the orderly decline in the markets that followed the initial collapse following 9/11? They managed it downward, making money all the way down by shorting it, while simultaneously buying up just enough equities to keep the decline orderly. When you totally control the game, and you know exactly what the news is going to be that will drive the markets (because you are responsible for creating it), it’s not only a self funding proposition, but you can make billions on both sides of any trade.&lt;/p&gt;
&lt;p&gt;When the PPT made their decision to put a floor under the market, thereby building the base necessary to run their scheme in reverse, they let the moneychangers know that it was time to take the market higher, all under the cheerleading of Larry Kudlow and the control of Alan Greenspan. All of the purported “data” that the Government puts out measuring job loss, GDP, - literally everything is all a lie. The black box programmers simply tell the propagandists what the headlines need to reflect in order to fulfill the long term plan, and the shills dutifully spew the talking points.&lt;/p&gt;
&lt;p&gt;You may not recall this, but a few years ago, the FBI was summoned to the University of Michigan to look into the premature release of the Michigan Consumer Confidence Survey numbers, a monthly market moving number which the Fed did not control…the ONLY number that they do not control. The leaking of this survey’s results to a select few via computer was perceived to be a major failure of a system that had worked perfectly for years.  The FBI likely hacked into their system and caused the premature release themselves to enable what followed.&lt;/p&gt;
&lt;p&gt;So here come the FBI cyber-crime experts to examine all of the computers and software used to tabulate the survey’s results each month…and spend whatever time is require to give the Fed Chairman the tools require to control the results of the survey in the future through the same technologies that controlled the outcome of the Ohio elections. Since that time, this hugely important barometer of the public mood has been falsely inflated. The public had always been conditioned to view their only reality in the context of this report, to gauge how they were doing relative to their fellow countrymen. Controlling American Consumer Confidence via a rigged mood meter is the ultimate Orweillian stunt, and serves the ruling party in their political polling results while propping up the stock market, while in reality, the country is in a state of utter collapse behind the scenes.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Just as there is no Osama Bin Laden, there is no Stock Market. The appearance of a “market” exists through the disinfotainment entities such as Bloomberg and CNBS, all designed to enable the moneychangers to fleece their purported investors for all of the commission money they can put their hands on while supporting the illusion of market dynamics at play.</p>
<p>Markets operate on supply and demand. In the aftermath of the tech bubble and the attacks of 9/11, the market was managed downward to a preselected level agreed upon by all of the major participants. What prevented a total market crash? The PPT. Whose money did they use to fund the other side of the trade for every panicked investor who wanted to get out of their stocks? Yours.</p>
<p>Actually, they created that money from thin air, using the tools at their disposal, which include a printing press, black box computer programs, offshore accounts managed by the Fed itself, the total control of the United States Treasury, and an authorization from Congress allowing them to do so in the interest of “National Security.” Remember the orderly decline in the markets that followed the initial collapse following 9/11? They managed it downward, making money all the way down by shorting it, while simultaneously buying up just enough equities to keep the decline orderly. When you totally control the game, and you know exactly what the news is going to be that will drive the markets (because you are responsible for creating it), it’s not only a self funding proposition, but you can make billions on both sides of any trade.</p>
<p>When the PPT made their decision to put a floor under the market, thereby building the base necessary to run their scheme in reverse, they let the moneychangers know that it was time to take the market higher, all under the cheerleading of Larry Kudlow and the control of Alan Greenspan. All of the purported “data” that the Government puts out measuring job loss, GDP, &#8211; literally everything is all a lie. The black box programmers simply tell the propagandists what the headlines need to reflect in order to fulfill the long term plan, and the shills dutifully spew the talking points.</p>
<p>You may not recall this, but a few years ago, the FBI was summoned to the University of Michigan to look into the premature release of the Michigan Consumer Confidence Survey numbers, a monthly market moving number which the Fed did not control…the ONLY number that they do not control. The leaking of this survey’s results to a select few via computer was perceived to be a major failure of a system that had worked perfectly for years.  The FBI likely hacked into their system and caused the premature release themselves to enable what followed.</p>
<p>So here come the FBI cyber-crime experts to examine all of the computers and software used to tabulate the survey’s results each month…and spend whatever time is require to give the Fed Chairman the tools require to control the results of the survey in the future through the same technologies that controlled the outcome of the Ohio elections. Since that time, this hugely important barometer of the public mood has been falsely inflated. The public had always been conditioned to view their only reality in the context of this report, to gauge how they were doing relative to their fellow countrymen. Controlling American Consumer Confidence via a rigged mood meter is the ultimate Orweillian stunt, and serves the ruling party in their political polling results while propping up the stock market, while in reality, the country is in a state of utter collapse behind the scenes.</p>
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		<title>By: plunger</title>
		<link>http://firedoglake.com/2009/06/06/the-sec-civil-suit-against-countrywide%e2%80%99s-mozilo-why-you-need-to-know-about-parallel-proceedings/#comment-1913283</link>
		<dc:creator>plunger</dc:creator>
		<pubDate>Sat, 06 Jun 2009 23:44:15 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/06/06/the-sec-civil-suit-against-countrywide%e2%80%99s-mozilo-why-you-need-to-know-about-parallel-proceedings/#comment-1913283</guid>
		<description>&lt;p&gt;Every time Mozillo lied, those shorting CFC got killed in a short squeeze.  It was totally illegal and fradulent theft.  The SEC not only knew all about it, they were in on it.  The SEC is just part of the same protection racket.  Their job is not oversight, unless you consider coverups to be deemed “oversight.”  The SEC is 100% an enabler of a criminal conspiracy to defraud investors and enrich those on the inside, with knowledge of the Fed’s next announcement.  I personally spoke with their attorneys, who said:  “Isn’t it a good thing if the market goes higher?”&lt;/p&gt;
&lt;p&gt;Actually, no, it’s a good thing if the market actually is a market, rather than a completely contrived artifice of one.&lt;/p&gt;
&lt;p&gt;The “open mouth operations” conducted by the Fed and CEOs throughout the 2003-2005 timeframe was totally criminal.  They used the shorts as “fuel” to drive the market higher at critical break points, using total lies as rocket fuel.&lt;/p&gt;
&lt;p&gt;Here’s the truth of the manipulation by the &lt;a href=&quot;http://dailyreckoning.com/who-controls-account-990n/&quot; rel=&quot;nofollow&quot;&gt;Plunge Protection Team&lt;/a&gt;, which continues today.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Every time Mozillo lied, those shorting CFC got killed in a short squeeze.  It was totally illegal and fradulent theft.  The SEC not only knew all about it, they were in on it.  The SEC is just part of the same protection racket.  Their job is not oversight, unless you consider coverups to be deemed “oversight.”  The SEC is 100% an enabler of a criminal conspiracy to defraud investors and enrich those on the inside, with knowledge of the Fed’s next announcement.  I personally spoke with their attorneys, who said:  “Isn’t it a good thing if the market goes higher?”</p>
<p>Actually, no, it’s a good thing if the market actually is a market, rather than a completely contrived artifice of one.</p>
<p>The “open mouth operations” conducted by the Fed and CEOs throughout the 2003-2005 timeframe was totally criminal.  They used the shorts as “fuel” to drive the market higher at critical break points, using total lies as rocket fuel.</p>
<p>Here’s the truth of the manipulation by the <a href="http://dailyreckoning.com/who-controls-account-990n/" rel="nofollow">Plunge Protection Team</a>, which continues today.</p>
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		<title>By: newtonusr</title>
		<link>http://firedoglake.com/2009/06/06/the-sec-civil-suit-against-countrywide%e2%80%99s-mozilo-why-you-need-to-know-about-parallel-proceedings/#comment-1913282</link>
		<dc:creator>newtonusr</dc:creator>
		<pubDate>Sat, 06 Jun 2009 23:39:21 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/06/06/the-sec-civil-suit-against-countrywide%e2%80%99s-mozilo-why-you-need-to-know-about-parallel-proceedings/#comment-1913282</guid>
		<description>&lt;p&gt;After the pathetic performance of SEC commissioners in Congress recently - their insistence that they passed on Madoff, etc - one wonders if there’s anybody competent there to prosecute.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>After the pathetic performance of SEC commissioners in Congress recently &#8211; their insistence that they passed on Madoff, etc &#8211; one wonders if there’s anybody competent there to prosecute.</p>
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		<title>By: BooRadley</title>
		<link>http://firedoglake.com/2009/06/06/the-sec-civil-suit-against-countrywide%e2%80%99s-mozilo-why-you-need-to-know-about-parallel-proceedings/#comment-1913281</link>
		<dc:creator>BooRadley</dc:creator>
		<pubDate>Sat, 06 Jun 2009 23:36:23 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/06/06/the-sec-civil-suit-against-countrywide%e2%80%99s-mozilo-why-you-need-to-know-about-parallel-proceedings/#comment-1913281</guid>
		<description>&lt;p&gt;Luv the graphic btw.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Luv the graphic btw.</p>
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		<title>By: BooRadley</title>
		<link>http://firedoglake.com/2009/06/06/the-sec-civil-suit-against-countrywide%e2%80%99s-mozilo-why-you-need-to-know-about-parallel-proceedings/#comment-1913280</link>
		<dc:creator>BooRadley</dc:creator>
		<pubDate>Sat, 06 Jun 2009 23:35:10 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/06/06/the-sec-civil-suit-against-countrywide%e2%80%99s-mozilo-why-you-need-to-know-about-parallel-proceedings/#comment-1913280</guid>
		<description>&lt;p&gt;Great post, Cynthia, thank you.&lt;/p&gt;
&lt;p&gt;Glad to know criminal prosecution is still a possibility.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Great post, Cynthia, thank you.</p>
<p>Glad to know criminal prosecution is still a possibility.</p>
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