Paul Young, founder and CEO of Securities Arbitration Group today called on Main Street investors to “urge investors to write to every federal legislator to obtain a bailout from the federal government and a guarantee similar to that provided over the weekend to JP Morgan Chase.”
The longtime advocate for burned investors for 20 years who has been a leading voice to champion the rights of Main Streeters burned by Wall Street is “is concerned by the low price paid by JP Morgan knowing that many investors will stand to lose a lot of money” but is “more interested as to the seeming imbalance and unfairness between the FED’s $30 billion credit line to facilitate the buyout as contrasted with their longstanding market forces stance of the FED and the Bush administration, plus the resistance to helping regular Americans hurt by Wall Street misdeeds. I think it is outrageous,”
Securities Arbitration’
“Who pays in the end? The investors, the taxpayers,” reminds Young. “While the Bear Stearns top people count their money on the way to the Hamptons, the investors on Main Street get hurt. This action, which may be the first of many like it to come, makes the Long Term Capital $5 billion federal bailout in 1998 look like small change,” concludes Young.
As we have been asking for days, weeks, years: WHO IS LOOKING OUT FOR MAIN STREET?
MORE: RED PHONE RINGING FOR MAIN STREET -
The Economy. It is the foremost domestic concern for Americans. As well it should be. And it hits lives hard and daily.
Rising unemployment, rising prices and surcharges for almost all products (see OIL as major culprit!), the worst housing recession ever (NYU Prof. Roubini’s “Global Economics”), a mortgage meltdown spiking foreclosures (real people impacted – your audience), and many more significant problems in the national and worldwide economy, combine to cause immediate and long term pain for Main Street people.
While the red phone has been ringing unanswered in Washington and Wall Street for months many phones on Main Street are being disconnected.
Wall Street. What did they do wrong? “They forgot,” says money expert Paul Young. “They forgot their moral and legal obligations to treat small, individual investors with fairness, with full disclosure, with reality-based investing alternatives and products. And now they themselves (the Wall Street firms) are being supported with foreign govt. infusions of cash to our biggest financial institutions – something unthinkable until recently (see Citigroup, Merrill, others).
But hurting MORE, and much more, are Main Street investors. Real people with savings and/or retirement monies being hurt and victimized yet again for another cycle of greed and negligence. Why? What happened?
Wall Street got greedy and very risky again (see: ENRON, etc.). Firms have returned to packaging and selling investors unsafe products (see LIMITED PARTNERSHIPS, 1990s) such as mortgage backed securities, and other high risk and hard to understand, highly esoteric investments. Wall Streeters have once again failed to provide the safety and security most investors both need and want in troubled times. Most are not Las Vegas-type gamblers.” And, as Marketwatch’
As the Los Angeles Times reported recently, many claims involving high risk packaged investments, derivatives (a looming huge disaster), and other esoteric investments, will likely end in federal court class action lawsuits. Seasoned reporters will recall the 1990s LP scandals and the resulting class actions that were, as the new ones are anticipated to also achieve, settlements for pennies on the dollar. Pennies. Fair? No. Avoidable?
A better answer is securities arbitration. Better and best. Securities arbitration answers the red phone when it rings off the hook.
Available to most (not all) burned investors, it was clearly proved in the 1990s LP scandals that successful individual case arbitration claims resulted in the fortunate minority who learned of and used their right to individually arbitrate their disputes with Wall Street received upwards of 75 to 120 cents on the dollar – a vast improvement over the dime-on-the-
The best friend of the burned investor is securities arbitration. “If possible, securities arbitration. Tested, true, and it works. Time effective, cost efficient, claims are judged as they should be: individually, not in a grouped with thousands of strangers, as class actions are litigated. Available in all states, securities arbitration is the one realistic pathway for those real Main Streeters truly victimized by Wall Street.
“But, to our continued dismay, the great, real-life opportunities presented by securities arbitration are now harder to get covered by the media - for many reasons,” says Young, whose idea of a good day, other than helping burned investors, is talking to reporters, doing radio and TV and other media to talk about his passion and focus for almost 20 straight years – securities arbitration.
Make his day. Set up an interview today.
WHO WE ARE: Paul Young is a nationally recognized and experienced rep and advocate for burned investors who has personally recovered millions for burned investors via securities arbitration and mediation, case by case by case. Also a veteran MONEY MATTERS broadcast commentator, writer and columnist for print and Internet (Paul founded the Main Street Money webzine in 2000), who accurately forecast (in July, 06) this recession and earlier U.S. financial scandals and disasters, Paul is the founder of Securities Arbitration Group and of the non-govt. and fully free Securities Fraud Hotline @ 1-800-222-4724. Our national team’s job is to get money back for burned Main Streeters from Wall Street when and if they have been burned by their stockbroker, registered investment advisor, brokerage or other financial services firm.
Unaffiliated with any Wall Street or any financial or investment company of any kind, Paul’s constant and focused goal is recovering money for burned investors using securities arbitration and mediation.
For Burned Investors: The SECURITIES FRAUD HOTLINE is free and has been 24/7 for 19 years at 1-800-222-4724.
MEDIA ONLY: 1-310-
Email: FraudFight@
