The Back Alley Archives

Critical update: Zero Hedge thrives on its proactive readers, yet I never expected a barrage of information such as the one I received since posting this. In the hundreds of emails received over the past several hours, much of it from current industry insiders, a substantial portion is likely actionable, and upon further refinement, enforceable. Going through it all will take time, however I take this opportunity to welcome any and all readers to provide information they believe captures wrongdoing in the financial system - in the absence of objective, unbiased and fair external regulators, it is the responsibility of everyone, but most notably insiders, to cleanse the system.

Zero Hedge will filter the data and forward our work product directly to appropriate Attorney General offices and local FBI branch offices. In retrospect, approaching the SEC and FINRA is futile, as they are both as much an integral part of the system as the perpetrators they are supposed to protect against. We're slowly learning that fact. And we are very, very pissed off.

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Remember, the voice of the masses does not go unnoticed: the amazing grass roots support for HR1207 is the main reason the "Audit The Fed" bill generated not only enough co-sponsors to pass congressional voting, but is now at over 240 supporters - a staggering result for a bill that only had 160 supporters the week before Zero Hedge decided to take the issue public. Also, numerous ZH FOIA requests have proven successful mostly due to material reader support and participation.

Which is why we recommend that all readers who feel like they would like to invest money in a market that is nothing less than a swing-trading casino, manipulated exclusively by several major players, and where cash trading is pointless due to the growing preponderance of program and algo trading, click on this link, and voice your displeasure directly to the SEC about all concerns you may have, both public and private.