Tuesday, March 31, 2009

Naked Short Selling and the Global Economic Collapse

How the Global Financial Meltdown was a product of a criminal enterprise taking advantage of the Greenspan-caused economic mess. Never have so few done so much damage to so many. First the Bear and Stearns collapse, followed by the Lehman Brothers debacle, both triggered by the illegal practice of naked short selling.

In both cases, an assault of millions of phantom shares created by short selling reduced mighty profitable companies to rubble in a couple of weeks.

During this calamity the SEC proved its worthlessness as a regulator rather bending to the wishes of powerful political patrons with congressmen in their pockets. Economists will spend decades quantifying the true extent of the cost that these schemes have cost the world while the SEC stood by and allowed it to happen.

All to provide a few hundred million dollars of illegal profits to a small group of billionaires.

Not one person has been held accountable despite the ease with which the SEC could have investigated if it had the motivation. The likely culprits: The large Hedge Funds

The true insanity is that these very same people are now called upon by your congressmen to help craft the laws Congress will pass to fix our broken regulatory system.

This three-part video is a must watch.

Part 1

Part 2

Part 3

Learn more at http://www.DeepCapture.com

No comments:

Post a Comment


The posts herein are provided “AS IS” with no warranties, and confer no rights. The opinions expressed are solely my own personal opinions. The information on this site reflects opinions and is not intended nor is to be construed as legal advice to anyone.

© 2008, Carlos E. Bravo - All Rights Reserved

© 2008 KarlHaus LLC - All Rights Reserved | A SolutionHaus Site