for those of you who are cspan wash journal listeners, you might have heard Patrick Byrne, Overstock.com, Chairman & CEO this morning. interesting conversation, especially the part on 'naked shorting'. looks like another big economic scandal who's effects the general public has yet to become aware of. according to Byrne, a trillion plus has been removed from the savings/retirements accounts of the american public via this back door.

every time i think i have a handle on the degree of corruption in this country, a whole new level comes to fore. oh well, take a look at

http://en.wikipedia.org/wiki/Naked_short_selling .

looks like there's some way down this depression of corruption to go. the government needs to take over the banks immediately and oversee every financial transaction the way NSA looks at every email and telephone call. in fact there use to be an organization in rockville, md. to do just that, NASD

http://activecause.com/nonprofit-profile/nasd-regulation-inc/id/3f393d343b36252123

http://news.cnet.com/EDS-snags-NASD-outsourcing-deal/2100-1017_3-226601.html

http://www.crn.com/it-channel/18831833;jsessionid=CTAFPJNDOG2WSQSNDLPSKHSCJUNN2JVN

it was never very successful at catching elaborate frauds though.

oh well...more...later