Patrick Byrne: Understanding Stock Market Manipulation

[Dan.Linehan]

Overview of value investing, short selling, loopholes, manipulation and illegal trading on Wall Street by Patrick Byme, CEO of Overstock.com

Deep Capture the Movie

[Dan.Linehan]

Slide 47 -- Wow. Good to know the Wall Street Journal is doing their jobs. Of crushing whistleblowers..

BTW -- Deep Capture, meaning the whole system has been captured.

There is a very interesting update on Patrick's associated blog too.

Folks, today was history in the making. The Deep Capture thesis, which is that miscreant short-sellers have put the American financial system at risk, can no longer be in doubt.

First came the stunning announcement that the SEC has sent subpoenas to 50 hedge fund managers as part of a major investigation into rumor-mongering and illegal short-selling of Bear Stearns and Lehman Brothers. Then came the even more remarkable announcement from SEC Chairman Christopher Cox that he is instituting an “emergency action” requiring traders to pre-borrow stock before shorting all “substantial” financial companies.

Of course, there is a some bitter irony here. Over the years, hundreds of public companies have been grievously wounded by hedge funds who sell phantom stock (ie. stock they have not borrowed), and the SEC has done nothing. Now Wall Street finance companies, including the very investment banks whose prime brokerages facilitated the creation of phantom stock, find themselves victimized by phantom stock, and the government decides it’s time to do – or at least, say – something about it.

Deep Capture Blog

[1000feet]

Naturally all short-selling is illegal manipulation when people are doing it to your company

[Dan.Linehan]

Not normal short selling, naked short selling.

[Brutha]

That the kind of conspiracy that I would believe in.
It abstract enough to be not get pick uped by the major consensus narrative.

BTW -- Deep Capture, meaning the whole system has been captured.

To get a bit of the idea of what "whole system" means in this case. Wikipedia had a controversy where the top circle of wikipedia (those around Jimmy Wales) censored the naked short selling article. Wikipedia black helicopters circle Utah's Traverse Mountain | The Register