Congress Sells America Short
Mark Faulk
FaulkingTruth.com cited by RGM Communications via Wayback, 20 September 2005
In yet another twist in the stock market scandal known as Stockgate, the Faulking Truth has learned that Senator Richard Shelby (R-AL), Chairman of the Senate Banking Committee, has shelved a planned Senate Subcommittee Hearing investigating the issue. Originally scheduled for February of this year, and then postponed several times, the hearing, which has been advocated by Senator Robert Bennett (R-UT), has been cancelled indefinitely.
According to a reliable source inside of the planned investigation, “The authority and the responsibility to take the necessary steps to deal with the issue of naked short selling lies squarely at the feet of Senator Shelby, and he has chosen not to allow the planned Senate Banking Subcommittee hearing to go forward.” In an earlier interview with the same source, we were told that “Senator Shelby tends to grab things like this for his own purposes, and his own purposes don’t always mesh with what’s best for the public.”
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Mark Faulk is an Oklahoma City filmmaker and Occupy OKC activist. He is the founder and contributing editor of the faulkingtruth.com, an advocacy site for political reform. After he exposed the fact that American companies were being listed and sold on the Berlin Stock Exchange without their knowledge or permission, more than 200 of them petitioned the German government to be removed from that Exchange. Faulk published a book i 2008 titled, The Naked Truth: Investing in the Stock Play of the Lifetime.
