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Bear Stearns Employees

They got screwed. A third of the company's stock was held by employees. When they were sold for two dollars a share, their savings were wiped out. Many of those employees are now getting the sack. I heard on the news today they are drafting a class action lawsuit against senior management. I believe JP Morgan is being named as a co-defendant. Can we support this effort?

Does anyone know any Bear Stearns employees? We should reach out to them and get their support.

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The Class Action Law Suit is

discussed at www.jsmineset.com
"what credit and default derivatives do not kill, the litigators will."

SHAME AND THOSE RESPONSIBLE WILL PAY

DON'T COUNT OUT THE AUDITORS, LIKE ANDERSON WITH ENRON. THEY AND THE REGULATORS ALWAYS WAIT UNTIL THE THE SCAM CAN GO NO MORE, THEY START THEIR BLAMING GAME.
AUDITORS, THE BUSH ADMIN, OF COURSE THE FED AND IT'S SHAREHOLDER JP MORGAN. THE POWER STRUCTURE IS THE FED ON TOP, AND LIKE A SERPENT, YOU HAVE TO CUT THE HEAD OF THE SNAKE TO KILL IT. EVERYTHING STARTED WITH THE FED, EVERYTHING FINISHED WITH THE FED. AND AS USUAL, THE POOR WHO HAVE NO INFLUENCE UNLESS YOU ALL UNITE, THERE IS NOTHING YOU CAN DO. PRAYERS FOR THOSE EMPLOYEES FROM BEAR STEARNS.

Taomaster

I Wonder Just How Many Pardons The President Can Dole Out!

Looks like he may need a few thousand if they could ever hold these criminals accountable - OOOPS ...Can the Pres pardon himself too?

"Whenever I despair, I remember that the way of truth and love has always won. There may be tyrants and murderers, and for a time, they may seem invincible, but in the end, they always fail. Think of it: always"
Gandhi

"Liberty tastes sweetest to those who fight for it, and most bitter to those who work to deny it!"

LearnRonPaul

Six weeks ago...

Six weeks ago the upper management got $1 billion in bonuses...

In The Olden Days...

They would have found a rope and a big tree!

"Whenever I despair, I remember that the way of truth and love has always won. There may be tyrants and murderers, and for a time, they may seem invincible, but in the end, they always fail. Think of it: always"
Gandhi

"Liberty tastes sweetest to those who fight for it, and most bitter to those who work to deny it!"

LearnRonPaul

That's what really chaps my hide!

I think we should publish a list of names and amounts.

How many people

will lose their jobs - any idea?

don't know but

CNN says 14,000 are employed worldwide.

Universal Express lost about 70 employees because of Naked Short

Universal Express lost about 70 employees because of Naked Short Selling and around 6000 companies are now dead because our government refuses to enforce our laws. Big money runs our government. Our Judges are bought and paid for. Nothing fair in America anymore. It is an out and out raid by the Geocons to strip the people of this country and distribute it amongst themselves as they please.

Screw Em..Bear Sterns=Naked Short Selling=Killing OTC Investors

Screw Em..Bear Sterns=Naked Short Selling=Killing OTC Investors=NO PAPER TRAIL ON TRADES for years now and the SEC has turned a blind eye because they are in bed with the dirty Wall Street crowd.

7/24/2007
Senator Bennett Speech Supports Universal Express on Naked Short Selling

NEW YORK, NY – July 24, 2007 - Universal Express Inc. (OTCBB: USXP) today simply links Senator Bennett’s speech on naked short selling and extracts some quotes from the speech and one from our General Counsel. The speech (find links below) and its content clarifies and vindicates the events of the past ten years and Universal Express’ issues with the regulatory agency, the SEC.
Senator Bennett NSS Speech:
http://www.everyzing.com/viewMedia.jsp?index=4&start=0&mc=en...

“The agency (SEC) has no mechanism to enforce the guidelines (of delivering stock purchased in three days),” Senator Bennett.

“He who sells what isn’t his’n, must buy it back or go to prison,” Senator Bennett.

“It is possible for you to keep shuffling around the electronic impulses (held at the DTCC) that represent the stock and never ever have to buy it back,” Senator Bennett.

“So you can have a situation where people are selling shares that don’t exist, taking commissions on the sale, and the profits of the sales, and never, ever have to produce the shares,” Senator Bennett.

“I have been showed the stock trading of a company that has been out of business for 3 years, and the stock trades regularly every 13 days! The brokers are meeting SEC requirements – they are delivering but the shares do not exist! The company was driven out of business by the short sellers who made it impossible for them to go to the capital markets,” Senator Bennett.

“The words of Senator Bennett and his request for a Banking Commission hearing are the same as our Chairman for ten years. If ever the smoking gun was found, today was that day,” said Chris Gunderson, Universal Express General Counsel.

“We have disappointment and anger at the behavior of the SEC and what it has allowed happen to our fine Company. They compounded their injustice by trying to silence and vilify those of us who for ten long years have been forced to play on an uneven field. When will the outrage of shareholders and men of integrity be heard towards an agency that denied this naked short selling existence and have tried to silence the Company responsible for naked short selling’s exposure? Is it because the SEC cannot afford for the truth to be heard? America and Americans deserve leaders like Senator Bennett and CEO’s like Mr. Richard A. Altomare who do not blink when they know their cause is just. That’s the America we can find again. Shame on the SEC for their denial of this issue, and their treatment of the victims.

“We demand today an apology from the agency which has participated and been conflicted by this counterfeiting and abuse of power scheme!” concluded Mr. Gunderson.
http://www.usxp.com/companies/universal/pr/pr.asp?prtitle=Se...

http://www.usxp.com/companies/universal/media/archive/

How a tiny software outfit fell victim to an illegal but unrestrained practice
known as naked short-selling.
http://www.rgm.com/articles/forbes5.html

Who's Behind Naked Shorting?
http://www.fool.com/investing/high-growth/2005/03/30/whos-be...

Bloomberg's naked short selling special...HARD TO FIND!!!

THIS WILL BLOW YOUR SOCKS OFF. GONE FROM YOUTUBE BUT...

I believe you can download it from a mirror site here:

http://www.mediafire.com/?2trmdhtzzzn

Such is life when the

Such is life when the company you work for makes its billion committing fraud.
It's their fault for not understand the nature of the business they are in.
Of course, it's senior management that are the true criminals. They deserve to get thrown in jail for defrauding investors AND employees

I heard the top CEO

of the company got a huge payout when they let him go. His severence package was 175 million.

A more successful Enron

A more successful Enron *gag* model.

Plus the fact

that 4 of the top fat cats per an article I read quietly cashed out $57 m before the meltdown. It is a good thing they put Martha Stewart in prison to deter any idea of trying to use any insider information for your gain.