HOT LINKS: SEC Seeks Stock Exchange Only For The Rich
Papal Ponzi
Bernanke could be the next Pope
To help fill the sheeple with hope
In times of despair
Instead of some prayer
His printing will help them to cope
The Limerick King
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Monday linksbomb. 30 stories.
SEC Panel Seeks Stock Exchange Only For The Rich
WASHINGTON (MarketWatch) — A panel that advises the Securities and Exchange Commission on Friday recommended an exclusive exchange be created for micro and small-capitalization public companies that would only be available for high net-worth investors.
The panel, the advisory committee on small and emerging companies, voted to urge the SEC to support the setting up of an exchange for small publicly traded companies that would only be accessible for high-income individuals such as so-called accredited investors, who must have net worths, excluding their homes, of $1 million or more or income of $200,000 or more for at least two years.
Companies listing on an exchange set up for high-net-worth investors may not be required to provide costly prospectuses and other disclosures that are necessary when retail investors are involved. Backers contend that this would drive down costs associated with public offerings and could encourage private companies to take the plunge into becoming almost-public companies. However, retail investor advocates worry that small investors would be blocked from making desired investments.
Stephen Graham, co-chair of the panel, told MarketWatch that it is difficult for small private companies to “cross the line” and become publicly traded because of the costs involved in being publicly traded. He said the SEC would be responsible for determining what kind of disclosure would be required for this group.
Retail investor advocates were less than thrilled at the idea of an exclusive market for high net-worth investors. Charles Rotblut, vice president of the American Association of Individual Investors, told MarketWatch that it’s a question of fairness and access.
"An accountant that does not have the wealth to be an accredited investor, but understands financial statements, would not be allowed to invest."
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Links:
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More Details Emerge In Sen. Menendez Corruption Case
Texas Gov. Rick Perry Vs. California Moonbat Gov. Jerry Brown
Why A Flood Of Bankruptcies Is Good For America (No bankruptcy is allowed in Europe)
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Obama’s Hypocrisy Makes Him Another Bush On War - NY Times
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Military Warns Sequester Cuts Would Create ‘Hollow Force’ (Cry bitches, cry...)
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Can 750 Nobodies Save America?
NEW RECORD - Panasonic Develops World's Most Efficient Solar Cell
Google Chairman to sell nearly half his Google stake
Apple Sued By Fund Manager David Einhorn - MarketWatch
Apple iWatch - Apple Is Testing Watch-Like Device - WSJ
FOR FIRST TIME EVER - Doctors Fighting 'Totally Drug-Resistant' Tuberculosis
Horsemeat Found In British Supermarkets 'May Be Donkey'
Dogs That Cops Killed - PHOTOS
Photos by William Banzai7...
Obama Droner Alert...
Reader Comments (14)
Surprisingly, the gang rape of the constitution appears to have roused Americans from a long and deep slumber, as they now rate Obama a greater menace to civil liberties than Bush43...
http://thehill.com/polls/282147-hill-poll-voters-obama-no-better-than-bush-on-security-vs-civil-liberties
We have a criminal government that destroyed the Constitution and has become the essence of tyranny. If people don't stand up, the elite parasites are going to have a feudal paradise with 300 million Serfs. Hell of a thing to happen to the Land Of Liberty.
http://www.youtube.com/watch?v=cTVlPRA8jos
What happens when cops shoot the "wrong mans" dog? Could it turn into a Christopher Dorner event?
http://www.dailymail.co.uk/news/article-2276139/David-Petraeus-CIA-directors-bodyguards-exposed-affair-Paula-Broadwell-claims-Benghazi-The-Definitive-Report.html#axzz2KVQpNCmp
http://www.breitbart.com/Big-Journalism/2013/02/08/NY-Times-calls-on-Harry-Reid-to-remove-Menendez-from-Foreign-Relations-committee-chairmanship
Torrance police say the man was driving a pickup resembling the fugitive's. The incident happened just after the LAPD fired on women delivering newspapers nearby.
http://www.latimes.com/news/local/la-me-torrance-shooting-20130210,0,3955268.story
http://www.bloomberg.com/news/2013-02-12/gold-declines-to-lowest-in-more-than-a-month-as-etp-assets-drop.html
http://www.bloomberg.com/news/2013-02-11/can-apple-head-off-a-margin-squeeze-.html
http://www.bloomberg.com/news/2013-02-12/south-korea-says-likely-north-korea-conducted-a-nuclear-test-1-.html
Many times, that wrong man gets the next round. See, e.g., http://www.sacbee.com/2013/02/04/5165245/motive-still-unknown-in-calif.html
"Here is one for you... They actually sided with the admin on the whole issue."
Life's too short to waste on partisan sites like that, imo. How can anyone with a brain trust such abject partisan nonsense after what we've seen over the last 10 years? It makes me wonder who the site administrators are working for. I tend to trust people willing to savage their own "party," when called for. For example, Karl Denninger has repeatedly kicked the dogshit out of the Tea Party, for example, for whoring itself out to the banksters. Similarly, Yves Smith has shoved Obama's head down the toilet every week for the last 4 years. Whether or not you agree with them, neither their independence nor their motives are ever an issue.
Other examples that come to mind are Paul Craig Roberts (R?) (whose banishment from MSM is nearing its 10th anniversary) and Glenn Greenwald (D?), who relentlessly exposes the mindless hypocrisy of Obamatrons nearly every day.
Long way of saying stick with independent people, avoid herding sites.
Here you go:
http://www.dailymail.co.uk/sciencetech/article-2276973/Your-dog-really-does-understand--Theyre-likely-steal-food-think-research-reveals.html#axzz2KbzDkFsJ
Your dog really does understand you... They're more likely to steal food if they think you can't see, research reveals