Monday, September 22, 2008

Naked short selling

"Deep Capture is a work of investigative journalism examining the growing threat to our financial system posed by illegal naked short selling."

The Week the World Said “Naked Short Selling”
September 19th, 2008 by Mark Mitchell

Make no mistake: what you witnessed this week was not some natural process – an economy “souring,” a bubble “bursting.” This was not the “invisible hand” at work. This was not even capitalism.

This was the premeditated, systematic destruction of market value by an elite crowd of Wall Street cronies who no doubt cackled with delight in the cleverness of their mischief-making. This was criminal behavior on an ungodly scale – the unprecedented looting of America.

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