Tuesday, June 24, 2014

The level of corruption of Charter Communications

I wouldn't expect much surprised reaction to the notion of Charter's corruption. Nevertheless, this post is about reaching the level that required admitting this company to the  hall of SPECIAL shame in its corruption and cooperating with the hedge fund guy here.
First, and I knew that from the beginning, they report to the hedge fund guy my activities concerning when I connect or disconnect to the Internet which I get its service through them. Their second thing happened when I was  pushing on the corrupt process server Front Range Legal Process (the same guy in the Discover post), to serve my complaint. I have my phone dependent on the Internet service I get from Charter and in the day I was pressing on with phone calls on that process server my Internet service went down for hours during the middle of the day. To this day I feel very little doubt that Charter intentionally did that at the request of the hedge fund guy. Their third outrageous thing was related to their interference with my Internet use. As bad as that could be,it is not things like watching which sites I visit I am referring to here . No, they restrict and prevent my access to sites on the web on their own. The first occurrence I noticed (later) of that happened with the SEC web site which kept showing me the unusual message of the site being temporary unavailable for being under maintenance for an entire week end. I tried accessing it from another device and received the same message. The second occurrence of that type happened with the site otcmarkets when the site became also inaccessible with similar message and for a period similar to the previous. This time I used my cell phone Internet access which goes through a different network and found that the site was accessible with no problems. I came back to my laptop and refreshed the page and the site suddenly became also accessible after more than two days of its inaccessibility(the hedge fund guy also has access to know about my cell phone use ). Finally after waiting to be more confident that Charter really restrict my access a similar thing happened again yesterday when I was searching for something and Charter wanted to prevent my access to some scholarly articles. A big group of the links to these articles were stating that the site is temporarily unavailable. I went to my cell phone and followed the link to one of these articles and it was accessible without any problem. I went back to my laptop to try the links again and they all continued to take me to web page stating that the site is temporarily inaccessible.  

Monday, June 9, 2014

Look at how the entity trusted on the market justify naked shorting

I am far from needing this to know that the SEC is a joke but look at what they publicly show as their reasoning for allowing naked shorting (selling shares without really delivering them):

"Naked short selling is not necessarily a violation of the federal securities laws or the Commission's rules. Indeed, in certain circumstances, naked short selling contributes to market liquidity. For example, broker-dealers that make a market in a security4 generally stand ready to buy and sell the security on a regular and continuous basis at a publicly quoted price, even when there are no other buyers or sellers. Thus, market makers must sell a security to a buyer even when there are temporary shortages of that security available in the market. This may occur, for example, if there is a sudden surge in buying interest in that security, or if few investors are selling the security at that time. Because it may take a market maker considerable time to purchase or arrange to borrow the security, a market maker engaged in bona fide market making, particularly in a fast-moving market, may need to sell the security short without having arranged to borrow shares. This is especially true for market makers in thinly traded, illiquid stocks such as securities quoted on the OTC Bulletin Board,5 as there may be few shares available to purchase or borrow at a given time."

Based on that reasoning it would be a good thing if I also open a store that sells things that it does not actually carry in order to help liquidity in the related market. But ,no, unless the seller declares to the buyer that he is only selling him a promise to deliver the sold item later it is hard to see how that seller would not be liable for the legal consequences of that action. Yes, someone may honestly and without any negligence thinks that he is selling something but circumstances and accidents change that and he becomes unable to deliver the sold thing.  But these situations are generally clear and very far from being justified on the bases of someone "stand ready to buy and sell" something. So what should a market maker do when he cannot find shares to sell? The something anyone in the world outside the stock market would do, simply not sell what he doesn't have. 

Treating things in the stock market this differently from the rules of sound reasoning in the real world is much more a cause for messing and corrupting the stock market than correcting it.
Insist on allowing market makers to sell what the don't have? Then let the buyer know that he is being offered a promise or expectation for the shares offered to him not the actual shares yet. Anything less than that is clearly wrong.

Anyway, it is hard for me to see such reasoning being made with true interest in justice and fairness to begin with. 
     

Saturday, June 7, 2014

Corruption of the Discover Corporation

It is a usual occurrence for me to see corruption everywhere related to this hedge fund guy. It doesn't seem practical for me to react to everything I see in this vast domain but I try to select from within each club those who sought the highest level in that scale. For example, I know that the credit card corporations to which my cards belong reveal to the hedge fund guy every transaction I do within even a period that is much closer to real time than later. At least some of them might have also played some frustrating games on me for the sake of that guy. But the one who reached the top  corruption scale here is this Discover Corporation. Their corruption is related to their counterpart in process server club whom I contacted to serve my complaint in Onteco case and I contacted a lot (almost every process server I could find and almost all of them conspired with the hedge fund guy against me). Anyway, this very corrupt process server, Front Range Legal Process, tried , as an additional good will service to the hedge fund guy here to add false charges to the Discover card which I did not even authorize him to use for other than the initial charges. Despite that process server was charging me for service attempts that were not seriously intended to serve my complaint and the fact that I already paid him too much and got mostly conspiring with the opposing side on me instead, it is not for this reason I described theses charges as false here. I described theses charges as false because that process server agreed not to charge me for those services and that agreement was documented and even emphasized through emails. I disputed these charges with Discover three times or more on the bases of these emails but they refused to accept that fact for no apparent justification. The corruption of Discover did not stop there and they wanted to extend their good will for the hedge fund guy to a more outrageous level. They did not just charged me these false charges but also kept adding late payment fee (which is a membership fee) every month to these charges despite the fact that I cancelled my account with them earlier. They then sent  a collector harassing me on both my home and cell phone based on these false charges  . I may sue them under the fair credit reporting act among other things (although that act doesn't seem to sufficiently address the issue of intentional false reporting like this). But what could be even more effective than that is for me to  publish the proof and documents I have on the web first to show the corruption level of that corporation.I know that it would be hard for me to squeeze in time for that but one may want , every now and then, to stop and remove a gum or dirt that stuck to his shows from a dirty floor along the path to his main target.