c-story: _michael_cottrells_u.s._financial_reform_proposals no.167 //

mercredi 3 septembre 2008 11 h 53
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MICHAEL COTTRELL'S

U.S. FINANCIAL REFORM PROPOSALS

MORE REVELANT THAN EVER GIVEN BASEL-II COMPLIANCE REQUIREMENTS

Wednesday 3 September 2008 14:45 UK

U.S. FINANCIAL MARKET REVAMP LAST MARCH IS A FALSE PROSPECTUS BY TREASURY

ALTERNATIVE PLAN PRESENTED HEREWITH IS SIMPLER, TIMELY, CHEAPER AND EFFECTIVE

PRESIDENT'S WORKING GROUP 'REFORM PLAN' EXPOSED AS A SELF-SERVING RUSE

BETTER PLAN BY MICHAEL C. COTTRELL, B.A., M.S. CAN BE UP AND RUNNING IN MONTHS

CONVOLUTED 'PAULSON' FABRICATION WOULD COST IMMENSE $ SUMS TO IMPLEMENT

TREASURY'S PROPOSALS REQUIRE SEVEN NEW AGENCIES, MR COTTRELL'S JUST ONE

THREE-STAGE 'PAULSON' PROPOSALS CALCULATED TO UNDERMINE MARKET PSYCHOLOGY

ALTERNATIVE PLAN SUPPLEMENTED BY A COMPREHENSIVE SECURITIES MARKET GLOSSARY


London, 3rd September: Last weekend, we were advised that a deliberate, concerted, and ruthless operation is underway, directed by US disinformation and/or Psy-Ops cadres whose noses are out of joint, to feed us disinformation with the familiar objective of seeking to destroy our credibility as the primary non-US, non-controlled source of reliable information on the financial corruption crisis, compliance with Basel-II and the Settlements.

Although we knew this already, it was specifically reconfirmed last weekend by people who know the score. It appears that this website and associates are considered to be the most effective and dangerous opposition to the criminalist operatives inside the Treasury, the corrupt banks and the Federal Reserve, who are STILL trying to buy more time and to perpetrate dirty tricks and sabotage wherever they can. Of course these parties are LOSING THEIR REARGUARD BATTLE AND THEY ALL KNOW IT. But the criminal mentality is such that they cannot stop their reprobate behaviour.

Nor can they understand, even now, how it has come about that they have faced real opposition for the first time ever in their experience. They NEVER expected to be stood up to, and they thought that their financial fraud corruption and hidden geofinancial carousel operations would continue for ever. As one sage has pointed out to the Editor, they never considered the consequences of their actions, one of which includes the reality that a running commentary on their criminality has been recorded and is captured for the record and for posterity: and they can't do anything about it.

Given the above, we think that the most constructive thing we can do right now is to repost the US financial reform proposals presented by Michael C. Cottrell, B.A., M.S., which we published on the 22nd July [see Archive] and which were subsequently featured in Economic Intelligence Review, Volume 11, Numbers 9 & 10. Copies of this print version are available pro rata + 15% for shipping.

Concerning the $6.2 trillion of funds loaned by Her Majesty the Queen and by Prince Al-Waleed bin Talal bin Abdulaziz with Citibank, with Her Majesty's portion, at least, intended to finance the long-range financial stabilisation plan originally unveiled by this service as The Wanta Plan, which is now being called 'Son of Wanta Plan': These funds, which remain frozen in a Citibank suspense account, are for the SPECIFIC purposes identified by the lenders and for no other purposes, and cannot be stolen or alienated or employed for any agenda other than those specified by the two lenders. The lenders can DEMAND these funds at any time, as they belong to the lenders and to NO-ONE ELSE.

We understand from 'UK sources' that the current state of affairs is regarded as a matter of the very gravest severity, and that it has the potential to induce a breach between Britain and America.

Finally, the Editor (nothing to do with Mr Cottrell here) holds in readiness our very extensive and devastating exposure of German long-range strategic deception operations masterminded by the Nazi strategic 'Black' counterintelligence Continuum, Deutsche Verteidigungs Dienst, Dachau, in readiness for posting at any time, depending on 'performance'. The revelations have the potential to cause a Tsunami of shock all the way from Houston and Crawford, TX, to half a dozen European capitals and the highest levels of the European Commission in Brussels. The report contains a list of all the abominations and operations with which this 'Black' agency, aided and abetted by its US allies buried like poisonous snakes inside the corrupted US intelligence community and structures, have perpetrated and are continuing to perpetrate today. These bovine German operatives, like their US counterparts, NEVER thought that their WILY HUN operations would or could be exposed. (...)
 
 SIMPLE RULES-BASED MARKET STABILISATION PLAN BY MICHAEL C. COTTRELL, B.A., M.S.
In the first quarter of 2008, Michael C. Cottrell, B.A., M.S., President of Pennsylvania Investments , Inc., contacted the Editor of this service to brief him in detail on the dubious stratagems behind the disparate proposals that were finally unveiled at the end of last March by the President’s Working Group on Financial Markets, a.k.a. the ‘Paulson proposals’.

As a result of several conversations, Mr Cottrell, one of the foremost securities markets experts in the United States, prepared a critique of the US Treasury’s extraordinary ‘Plan’, which he was easily able to demonstrate is highly destablising, not least since its plainly confused recommendations undermine financial market confidence while demonstrably serving the interests of the criminalist kleptocracy at the expense of the genuine investment community. This analysis is presented here.

In short, the Working Group’s ‘blueprint’ is shown herewith to be a false prospectus.

Having discredited the Working Group’s proposals, which would call for the creation of no less than SEVEN expensive and mischievously overlapping new US regulatory bureaucracies and for the abolition of the essential rules-based securities market environment, which would be phased out over an imprecise but prolonged timeframe, Michael Cottrell presents his own effective and simple solution to the chaos brought about by years of officially condoned fraudulent finance.

This will require just ONE new US regulator, will call for the revalidation by Congress of the Glass-Steagall Act and for the decisive re-establishment of the essential rules-based system which the Securities and Exchange Commission (SEC) has neglected to enforce in recent years, and can be implemented in full within the space of just a few months, at most. Additionally, Mr Cottrell’s simple Plan will be infinitely cheaper to implement than the top-heavy Working Group proposals.

The Editor has incorporated Mr Cottrell’s proposal into this analysis; and the extensive Glossary, built around Michael C. Cottrell’s original framework, has been expanded so that all concerned can readily understand what has to be done.
Michael C. Cottrell, B.A., M.S., can be contacted direct on:
814-455 9218 (voicemail), and at: pii-mcc@msn.com.

Mr Cottrell’s reform framework has been elaborated by the Editor to incorporate ideas for which he alone is responsible but which Mr Cottrell has graciously approved.
Important Note: We can only report US law as it stands. We cannot make exceptions and neither can we speculate as to the prospective actions of authorities given, for instance, the admission by UBS that it broke the law, and the consequences of that admission for some US investors who may consider that they are eligible for Settlement payouts. Nor can we enter into ANY correspondence concerning that matter. The only issues that we will discuss arising from this post are Mr Cottrell's practical and straightforward recommendations: and these issues should be raised with him direct.

EXECUTIVE SUMMARY
This paper describes, exposes and then systematically demolishes the credibility and relevance of the so-called ‘Paulson’ proposals, a.k.a. the mish-mash of convoluted notions brought forth by the President’s Working Group on Financial Markets at the end of March 2008. (...)
 
http://www.worldreports.org/news/167_michael_cottrells_u.s._financial_reform_proposals
 
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