Naked Shorting / OSTK - The Economist

[gsurowiec]

http://www.economist.com/blogs/schumpeter/2012/05/short-selling-litigation

 

[Liberty]

Wow, I hope they release the rest and that some heads roll.

[lessthaniv]

Wow, I hope they release the rest and that some heads roll.

 

http://media.economist.com/sites/default/files/pdfs/Plaintiffs%20Opp%20to%20MSJ.pdf

 

 

[lessthaniv]

Rolling Stones Matt Taibbi's take:

 

http://www.rollingstone.com/politics/blogs/taibblog/accidentally-released-and-incredibly-embarrassing-documents-show-how-goldman-et-al-engaged-in-naked-short-selling-20120515#ixzz1uzy2WwCm

 

 

[link01]

the emails provide some pretty clear evidence of intentional naked shorting no matter how merrill & goldman & their hedge fund co-conspirators spin it.

great find!

[JSArbitrage]

I really feel bad for Byrne, and to some extent Prem, because they fight on the assumption that the truth will win the day.  The unfortunate reality is that the regulators just don't care.  Byrne could find an email that says, "I, Lloyd Blankfein, am approving of this highly illegal naked shorting process in order to destory OSTK..." and nothing would happen to him or Goldman.

 

 

[Vish_ram]

Why would Buffett associate himself with companies like Goldman? it certainly takes some sheen off him