I’m afraid a very small group of people will be greatly disappointed and other Miscellany……

But that story isn’t to the point of development where we can share it just yet folks but indications are it will go something like this:

Next up is last week’s Bay-Waveland School Board meeting:

BWSD votes not to attend consolidation workshop ~ Cassandra Favre

Meantime up in Lamar County:

State Board of Education finalizes Lumberton schools’ consolidation ~ Ellen Ciurczak

The dynamics between Bay Waveland Schools and Lumberton are very different. Lumberton is a small community in a long term decline thus the declining student population. Bay St Louis in particular is a community whose population skews older due to its popularity as a retirement destination. Regardless what is now a three vote majority on the School Board wants no part of even discussing the possibility of administrative consolidation.

In other news there had to be a complete lack of internal controls over at Hancock Justice Court: Continue reading “I’m afraid a very small group of people will be greatly disappointed and other Miscellany……”

Must read: Yall Politics explores the hiring of former FBI agent Hal Neilson and his new company contains some very interesting Louisiana connections.

Folks I’d like to get some backgorund related to the ownership of Here Enterprises, which I highlighted in a post last week here.  I’ll let Yall Politics explain why:

These “microcap” stocks are sometimes affiliated with fraudulent “pump and dump” schemes where insiders accumulate large amounts of shares over time, manipulate trades and they pay internet marketers and boiler rooms (often overseas) to hype stocks and create a false market. Here Enterprises has issued (at least in the past) these similar Regulation S shares, which are targeted to trade overseas.

Something else that Here Enterprises shares is common ownership with a financial mastermind that has just been served an enforcement action by the SEC for $35,000,000 in securities fraud one week before Neilson was named CEO. Continue reading “Must read: Yall Politics explores the hiring of former FBI agent Hal Neilson and his new company contains some very interesting Louisiana connections.”

Here is a quick finance post. Want to get fleeced? Buy Chinese.

XING was a special short because despite the fact it smelled worse than 2 day old southern summer roadkill greedy American patsies ran the price up to unsustainable levels back in 2007. Well folks, it is one thing to take money from greedy retail investors but when a heavyweight investor like John Paulson gets sheared it makes the financial news in a big way.

I’ve always steadfastly maintained that with very few exceptions the national financial press are little more than nicely dressed stock touts but maybe there is some hope when after all these years someone at CBS Marketwatch is finally convinced with reams of hard data illustrating the fact that most US listed Chinese companies are little more than scams.

If the average American ever came to an understanding of exactly how little the securities laws on the books really mattered in how the markets are made there would be lots more passbook savings accounts in force.

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Between a crook and a hard place: A Louisiana Lite Gov election update.

Here is the choice folks, the daughter of a politically connected class action lawyer with a Goldman Sachs/Bill Clinton pedigree or the lawyer for a sleazy stock operator who ran a pump and dump on the now defunct HSOA.  That HSOA scam created a lot of bagholders due to greed but some of the stuff Daddy Fayard is into really will make your skin crawl.  We appreciate the coverage and links from Scott McKay over at the Hayride on a few of our older posts dealing with Hugh Sibley and his connections to Pappa Fayard.

All that said Slabbed will make a recommendation on this race: Continue reading “Between a crook and a hard place: A Louisiana Lite Gov election update.”

Glenn Beck battles Nazi Tourettes from the Boiler Room. And now a word from our

Folks, Glenn Beck is rapidly becoming the gift that keeps on giving as he and his sponsors are subjected to the scrutiny that accompanies his paranoid delusions that modern days nazis are coming to get him. You got to give the man his due though as he has amassed an impressive audience of marks for his sponsors to prey upon in this case gold coin manufacturer Goldline International, Inc.

I’ve made no secret that I’m an old stock market basher from way far back (though my pumping skills are also generally well thought of) and if there is one thing a basher hates is a boiler room pumper and it appears ol’ Glenn is cut from that cloth. I’m not going into the political pissing match going on between Glenn and a gentleman that is rapidly becoming one of my favorite US Representatives (behind Gene of course) in New York Congressman Anthony Weiner because politics has nothing to do with this post beyond ol’ Glenn being scrutinized on the same level he subjects the peace corps so lets begin with Yahoo Finance’s AP story on Glenn and his bestest sponsor:

A New York congressman says a California gold-dealing company that advertises heavily on conservative talk shows is overcharging its customers and preying on their fears about inflation.

Democratic Rep. Anthony Weiner released a report Tuesday saying that Goldline International Inc. “rips off consumers, uses misleading and possibly illegal sales tactics, and deliberately manipulates public fears of an impending government takeover.”

The calculations are straight forward and I’ll admit to being a tad jealous for not thinking of running this calc myself as we continue: Continue reading “Glenn Beck battles Nazi Tourettes from the Boiler Room. And now a word from our”

Cramer Said to Sell….

That translates into back up the truck ladies and gents. Well, don’t exactly back up the truck but Jimbo is an excellent contra indicator.

Barry Ritholtz did the post today first. The comments are classic.

As I have said in the past, I don’t like to harp on any one person. I also don’t want to be a Cramer stalker. But DAMN if that headline doesn’t smell like a giant buy signal.

The market down 30%, the VIX spiking to 56, and Cramer giving a panicky SELL on TV this morning. We have a 9,500 downside target, and the likelihood of an emergency action makes us want to get long — at least for a trade . . .

We are putting a toe in the water here.

“Who needs vaseline when you got Cramer”

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