Re: More on Barclays Canadian Bank may be named
in response to
by
posted on
Jun 28, 2012 06:33PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
Well, no surprises here for me, a Canadian Bank may be named as well as it jumps ship and squeals on its colleagues, as this unconfirmed report suggests. The disturbing thing for Canada is, that there are not that many banks here, this link says 23 as of last year.
http://en.wikipedia.org/wiki/List_of_banks_and_credit_unions_in_Canada
http://www.cbc.ca/news/business/story/2012/06/28/barclays-osbourne.html
We heard the other day that a couple of U.S. banks may be named as well. How far and how deep will this go? Then a group of banks wants to take over the TSX? We see constant manipulation of stock prices now by someone and where banks are being proven in this manipulation of LIBOR rates, what other manipulations were they capable of before/now. I believe the Maple group bid has to be put on hold until this present mess is revealed and it is known who all the banks are that are involved in this LIBOR scandal.I have much at stake in these markets and have suffered huge losses on paper that don,t seem reasonable and this could be pretty disturbing if a rogue trader from one of the financial institutions had a hand in it or the institution themselves. We recently saw this article/link below which suggests that Goldman Sachs was engaged in naked shorting selling, which is illegal in the respect mentioned in the article. And pay attention in this article where it mentions that a tightly held stock is hard to find shares from that can be used to short with, doesn,t that sound like our SLI? For the damage to be done to our sp with the shares tightly held and reports that showed management of not selling, how did our sp get so low? Does it make sense when we saw day after day of our sp being walked down in price by certain houses doing cross trades and price step down techniques and that were excempt from the up tick rule rule or payed it no regard, which was blatant? So, an orchestrated takedown by some master of the market, whether it be a shorter or what, but not the shareholders.
Maybe us shareholders should demand the NOBO and OBO shareholder lists and do a count of the shares, or maybe Lori can do it and put out an NR telling us the results, like I have seen other companies that were naked shorted do? If there is a naked short on us, how can this be, its supposed to be illegal here? But, as you can see above, the LIBOR manipulation was illegal, but still practiced.If it shows up, then it can be traced to where it originated from, country,etc, with a little work. But if it is partially to blame for our sp being so low, a statement either way would be appreciated by shareholders.
http://www.rollingstone.com/politics/blogs/taibblog/accidentally-released-and-incredibly-embarrassing-documents-show-how-goldman-et-al-engaged-in-naked-short-selling-20120515
IMO