Exposing The Crime of Naked Short Selling
4/30/2011 9:54 am
By Brendon Matthews
Several years ago, I became all too familiar with the crime of naked short selling. Even with the education I received specific to the financial markets, I had never conceived that such things could take place. It was not long ago that a mere mention a naked short selling, was labeled a conspiracy theory and used as an excuse by inept corporate management to discount their own poor performance. It was taken as seriously as the lone farmer with a story of alien abduction.
The near collapse of the American financial system changed all that, and the Securities & Exchange Commission finally acknowledged that naked short selling not only existed, but that it was largely responsible for the collapse of Bear Sterns and Lehman Brothers. The S.E.C. in order to thwart the financial terrorist attack on other U.S. banks, temporarily halted the naked short selling of bank stocks.
Naked short selling began as a tool of �the establishment.� Companies such as Overstock.com, Taser, Dendreon & Sirius XM threatened the well being of retailers, big pharma, the gun lobby, and the terrestrial radio lobby. Wall Street has a lot of money invested in the old establishments, and naked short selling was the tool used to destroy competition before any foothold in an industry could be established. Most of the victimized companies did not survive, and most were little more than experiments for larger scale attacks.
We have learned since that some of the biggest names on Wall Street not only participated in these raids, but orchestrated them. Goldman Sachs for instance was nominally fined by the S.E.C., and a trial is set for December in which Overstock.com claims it has uncovered �the mother load� of evidence which reveals corporate hit lists and e0mails between firms and across trading desks of prime broker/dealers, targeting companies with the specific intent on driving them into bankruptcy.
In an interview I conducted with Patrick Byrne of Overstock.com some time ago, I recall taking issue with Byrne on short sales�not just naked short sales mind you. I stated at the time, that the system as it stood opened up America to financial terrorism in so much as any group or groups of terrorist organizations, could simply gang up on any stock, including bank stocks to destroy the financial fabric of the American way of life. This is precisely what happened.
Deep Capture is in the process of releasing a new 20 part report (found HERE) on the terrorist attack that took place. The report names the people involved which includes American and Russian mafia, middle east jiuhadists, and some other large broker dealers and their associated hedge funds.
What the SEC seems to have missed (though a report by Tuco�s bankruptcy receiver made it clear) was that in the month before it was shut down, this tiny, unregistered brokerage transacted trading equal to more than 20 percent of the volume of the largest brokerage on the planet. Moreover, data and other evidence obtained by Deep Capture suggests that most of this massive deluge was aimed at manipulating the stock prices of America�s largest financial institutions, including Bear Stearns.
I have been asked to rewrite Stock Shock in my own way, and a re-release of the movie I had some involvement in will be coming out later this year. There is another new movie coming out in just days, and I expect to have an early copy delivered today.
Wall Street Conspiracy http://www.youtube.com/watch?v=Mz7rVxFO7_U&feature=player_embedded
Another Financial Terrorism in America http://www.youtube.com/watch?v=RjGCrbFzWXQ&feature=player_embedded
Another: Cramer is a Crook
http://www.youtube.com/watch?feature=player_embedded&v=ybRVJT9qX5I
Darren Saunders � American Hero
http://www.youtube.com/watch?v=gU4Rh_pYums&feature=player_embedded
I have just watched it, and the movie exposes the crime of naked short selling as no other has. While we have to wait for the movies a bit longer, the Deep Capture release is being published now. I urge investors to read the report.
About the author �
Brandon Matthews (pseudonym) is the founder of SatwavesPro.com, which was borne of his desire to help retail investors after witnessing the continually changing ways that Wall Street can cheat them. Brandon has worked for Monroe Parker Investment Bankers, Morgan Stanley, Dean Witter, American Express Financial Advisors, David Lerner Associates and a private equity firm as a stock and bond broker. Brandon held Series 7, 63, 65, 31, Life, Health, Variable Annuity and Variable Life Securities and Insurance Licenses and was a registered investment advisor in New York, New Jersey, Florida and Connecticut. Brandon combines an expertise in point & figure technical analysis with basic fundamental research to provide actionable recommendations. Brandon is a top ranked Gold Level Contributor to Seeking Alpha, a contributor to Business Insider, had a significant role as an expert in the documentary Stock Shock, is working on the sequel, and is working on his first book.
http://satwavespro.com/2011/04/30/exposing-the-crime-of-naked-short-selling/