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Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE

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Message: Ample evidence for a class action against regulators?

At this point in time, I would believe that there is enough evidence available to launch a civil liability suit against the regulators under the appropriate negligence acts. Where the regulators have been supplied with countless red flags and evidence for the last couple years, and have failed to act, with close to $300 million being erased from a market cap, a lawyer could sure make history as well as a hefty years work for their firm by taking such a case on. In my opinion, the evidence to date is substantial against Lori as well as the regulators, and if any judge and jury did not rule in favour of the plaintiffs, evidence of the judicial system being dysfunctional would also be brought into question, a thing our country would not want.

The regulators were alerted well before the all time stock high of ~$2.80 and didn,t reveal any problems with the stock as a result of their supposed investigation. This left investors with the satisfaction that nothing was wrong with management and under the numerous laws and statements by these protection agencies and commissions, shareholders felt they were protected under the security of market regulators. With our numerous letters to every level of our society, most of the responses are saying that the regulators are the ones to be accountable and responsible for the protection of shareholders in these markets. But what these other agencies and politicians fail to understand, is that they also work for the people and the peoples welfare of this country, and for them to also pass the buck, may suggest a form of negligence on their part as well. When the integrity is not upheld in the markets, it also becomes the governments and various other pension funds concern to ensure that every Canadians dollar has a favourable degree of protection, if not, the whole system could collapse. The general public doesn,t realize that their government pensions are vulnerable to the markets, and if integrity does not exist, they risk becoming of age to draw their pensions, with nothing or little left there, because the rich and powerful kept skimming pension monies everytime they entered the markets. The common people paying into pensions are nothing more than slaves or employees of the rich that exploit the markets to buy their billion dollar yatchs etc with. Your pension contributions really don,t grow with interest over the years like they should when you factor in inflation and the shorting schemes in the markets, every bit of appreciation of pension funds are dwindled by these 2 main components, which find many pensioners retiring, or try to, with not enough to live on and around or below the poverty levels. The rich that kept skimming off the pension contribution money that comes into the markets, retire very wealthy in a life of luxury, at the expense of the little guy.

A lot of the rich in this country don,t really pay taxes equivalent to the middle class but may be more in line with the tax brackets of the lower class. This is done by ridiculous deductions as well as billions of dollars being harboured in off shore accounts, where tax is little to none on these profits. That money in these off shore accounts only enters our economy at a rate of what the holder wishes to spend, leaving the bulk out of the economy, in turn causing more pressure on the little guy because of increased taxes and inflation. This is a huge problem for all countries and it is started to be cracked down on, but the way the worlds finance system is designed, the few rich always seem to find ways to protect and grow their monies.

IMO

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