At first glance it's reassuring to hear Obama wants to begin mending the broken system by cleaning house - starting with firing Don Coxe of the SEC. That was a surprising revelation especially coming out of left field, but it does offer some hope for the screwed blued and tatooed masses.

I hear ya Sinbob because several FSN guests (including Bud Burrell) have pointed out the Wall St perpetrators (who the naked short Hedgies could not live without) are also in charge of counting the number of o/s shares at the DTC. Noone is protecting investors from these wolves by ensuring there are no wide discrepancies between the number of shares collectively held at brokerages & in private accounts, versus those registered at the DTC. Only through various and precious few lawsuits against these scum has the ugly truth been revealed - the brokerages do not own any where near the number of shares that are printed on their client account statements. And the authorities refuse to do anything about it, because the Wall St types are also in bed with regulators. Pass the KY please. As the system is setup today, only by people taking delivery of certificates can the scammers be controlled. But now that more people are taking delivery of shares, the collaborators want to prevent people from protecting themselves in this way by shutting off this protection valve. Incredible!

Now just as a famous Wall St firm was caught charging their clients storage fees for non-existent Silver & Gold supposedly held in their name (and absolved of any legal liability I might add), now the same Wall St bozos are charging account management fees for clients who "own" shares in brokerage accounts, but the Wall St firms don't own but a fraction of what they claim. Fraud at it's finest and only getting worse!