Schapiro misleads public,-1,000 pt drop
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The nation's top financial-market regulators Tuesday all but ruled out the possibility that cyber-terrorism,...unprecedented drop of the Dow Jones Industrial Average by nearly 1,000 points. ( BS..G )
"At this time, we have not identified any information consistent with computer hacker or terrorist activity," Mary Schapiro, the chairman of the Securities and Exchange Commission, said in prepared remarks for a subcommittee of the House of Representatives. AND SHE MADE THE REMARKS WITHOUT ACCESS TO
70% OF THE TRADING DATA, MADE IN DARK POOLS, EUROPE, ASIAN RIM AND USA, HER STATEMENT IS LESS THAN ACCURATE. HEAD OF SEC DIDN'T FIND ANY HACKING ACTIVITY.
AND CIA DIDN'T FIND ANY ILLEGAL TRADES??? G
"In order to have stability in the market, we shouldn't withhold anything from the public," Rep. Paul Kanjorski, D-Pa., told Schapiro, warning that a delay could allow conspiracy theories to take hold. YES, DON'T WITHHOLD ANY THING, AND DON'T PROMOTE HALF TRUTHS, REGULATORS DON'T HAVE ACCESS TO
DARK POOLS OR ANY IDEA IF THEY WERE HACKED, OR EVEN WHAT SECURITY THEY HAVE ON THE "DARK POOL " NET. G
He also asked whether last week's plunge could repeat.
Schapiro responded: "I have to say not impossible."
I'LL GUARANTEE A REPEAT. G
Schapiro ruled out the market forces of supply and demand as the cause.
THERE IS NO REASON TO RULE OUT HACKERS, MALWARE OR
CYBER TERRORISM.THEY DON'T HAVE ACCESS TO THE DARK
POOL NETS TO RULE OUT ANYTHING. DOES THE SEC KNOW WHAT
A LOG IS? WHAT DOES THE SEC KNOW ABOUT HACKING?
WITH THE NUMBER OF CYBER BANK ROBBERY'S AT AN ALL TIME HIGH, AND LACK OF CYBER SECURITY AND LACK OF ACCESS TO
DARK POOL LOGS AND NETS THERE IS PLENTY OF ROOM FOR SPECULATION OF HACKING OR EVEN CYBER ATTACK. NOBODY HAS LOOKED.
OUR PARADIGM INTEL RANKS THE POSSIBLE PERPS:
#1 FRAUD BY BANKS.
#3 BAD TRADING PROGRAMING.
PRIME CAUSE, LACK OF REGULATION AND TRANSPARENCY.
WTF SECURITY EXCHANGE COMMISSION IS SO LACKING IN
OVERSIGHT THEY HAVE NO IDEA. DIDN'T SEE ANYTHING.
NATIONAL SECURITY RISK AND SEC IS GUESSING.
SPEAKS TO A CONGRESS OF EUNUCHS, NO BALLS, OR REGULATION.
OUR PRIMARY SUSPECT:
Hacking exploits: Target: NYSE's Arca electronic-trading system
Tactical Internet Systems analyst.
SERIES 3 & 7
Computer aided crash (proof of concept for future cyber-attack)
Counter Terrorism Blog