Saturday, April 03, 2010

Manipulating Gold and Silver: A Criminal Naked Short Position that Could Wreck the Economy | Deep Capture: exposing the crime of naked short selling

Manipulating Gold and Silver: A Criminal Naked Short Position that Could Wreck the Economy | Deep Capture: exposing the crime of naked short selling

Everyone from U.S. Senators to prominent hedge fund managers say that criminal naked short sellers had a hand in the financial collapse of 2008, but the regulators aren’t listening. Not a single criminal has been prosecuted. Indeed, the regulators continue to allow the miscreants to manipulate the markets — not just the stock markets, but also the markets for corporate bonds, derivatives, U.S. Treasuries, and all manner of commodities – even when the regulators are provided with indisputable evidence of a massive crime in progress. They could easily fix the flaws in the settlement system that allow much of the manipulation to occur, but they refrain from doing so either because they are too captured by the miscreants or too cowed by the possible consequences of throwing the lights on what may be an enormous confidence game...