2)Andrew Young and his wife probably like threesomes.

3)One can believe what one wants. Thus in the case of John Edwards’ supporter Fred Baron, some people believe in tooth fairies.

4)More than likely Elizabeth Edwards did know about the affair back in 2006. If she did know about the affair she allowed Rielle to remain on with the campaign in order to provide her husband something she could not. Sex is a great stress reliever.

5)John Edwards was probably using Rielle Hunter for sex, the baby could be his, and the affair more than likely has not been over since 2006.
For those that want to know what was he recently doing in a hotel with her, the answer is simple.
Sex must be good.

6) Rielle Hunter decide not to allow her child take a paternity test, it is because she: a) already knows who the daddy is, b)got compensated handsomely for her services, c)Edwards does not want a paternity test because he does not care to find out, or already knows.

Description of JP Morgans stock program from page 21 of the leaked document.Legal insider trading in three easy steps, brought to you by JP Morgan and the SEC

KEVIN WILSON, MARIA CHRISTINA PADRO, JULIAN ASSANGE & staff
Monday March 17, 2008

A confidential memo obtained by Wikileaks shows that not only has the U.S. Securities and Exchange Commission created an insider trading loophole big enough to drive a truck through, but that Wall Street is taking full advantage of it, establishing ‘how-to’ programs and even client service divisions to help well-heeled clients circumvent insider trading regulations.

Most of us think of insider trading as illegal. It allows those with inside knowledge to tilt the playing field, with the small investors invariably losing to the privileged few. Unfortunately for the small investor, the big boys get to play by different rules, and it has all been made legal, thanks to the SEC.

In 2000 the SEC promulgated Rule 10b5-1. The new Rule was designed to address the confusion caused by a series of court decisions that had left investors uncertain about what constitutes insider trading. Rule 10b5-1 was designed to “clarify” what constitutes illegal insider trading.

But top Wall Street houses were not to be deterred from advantaging their big clients at the expense of their small ones. Wall Street firms like JP Morgan found loopholes in Rule 10b5-1 that allowed them to continue trading on inside information “legally.” Indeed, JP Morgan has gone so far as to set up an entire ‘selling program’ within its Securities division to help their clients profit from the loophole.

Documents obtained earlier this month by Wikileaks from JP Morgan Private Bank, which subtitles itself as “World class solutions for wealthy individuals and families”, show the firm has a dedicated ‘10b5-1 Selling program,’ along with a ‘dedicated 10b5-1 team’ to help its clients take advantage of the loophole.

Here’s how it works:

1. An insider client transfers all or a portion of their company stock into a JP Morgan Securities Inc. brokerage account.

2. The insider then develops, in conjunction with the 10b5-1 team, a ‘phased, pre-planned sales program to be executed at either market or specified prices’.

3. Depending on the information available to the insider (but not the public), the insider can decide whether to execute the sale or not.

By gaming the system this way, JP Morgan teaches insiders how to use their knowledge to create a rigged market, one in which it is the “house” that always wins, and the small investor that always loses.

According to a statistical research paper published by Stanford’s Graduate School of Business in September last year, executive 10b5-1 trades beat gains relative to non 10b5-1 executive trades by more than 500%.

One can only guess at how many insiders profited under JP Morgan’s “insider trading program,” leaving small investors holding the bag.

Part 2: PriSM loopholes let CEOs walk away to tax free profit while their companies implode

Sample list companies and executives using pre-paid variable forwards, from page 14 of the confidential JP Morgan memo obtained by Wikileaks
GAWKER.COM
Monday March 17, 2008

Wikileaks obtained a JP Morgan presentation put together for media mogul Barry Diller, showing Diller how to protect his personal wealth against any, erm, hypothetical future declines in the value of his internet conglomerate IAC. The techniques outlined in the 31-page document (PDF) neatly circumvent restrictions on insider trading but are really only useful for insiders who anticipate their company shares will decline, since stock price increases are limited along with declines. For example, here was the plan presented to Diller in February 2007:

In the first scenario presented to Diller above, “Structure A,” his shares would be guaranteed at their then value of $40.58, but Diller could never realize a price increase to beyond $44.64 per share.

Sure enough, in the year after entering in to the “complex series of transactions,” IAC shares declined 50 percent, while Diller was protected, at least according to the leaker who provided the document.

Government or company regulations may have prevented Diller from outright selling his shares at the time, but even if they hadn’t, announcing a “pre-arranged stock trading plan” in a press release sounds so much better than disclosing in an SEC filing that you are dumping a bunch of shares, as illustrated by the sample press release included in JP Morgan’s presentation to Diller. Here’s the top of one:

Not that Diller’s tactics are surprising; these sorts of crafty tactics are exactly how the ruthless mogul retains control of his company against the wishes of his dominant shareholder and apparent teacher, John “Darth Vader” Malone.

First appeared as: http://gawker.com/5003973/leaked-doc-shows-how-barry-diller-protected-himself-against-iacs-tumble

See

Come on. What did you expect