What I THINK you want to know about is organized manipulation that is beyond the reach of we retail traders....this will explain in detail in lay terms....well worth watching, as it is the object of all that you’ve heard about “naked” short sales that has taken down the market cap of many companies:
http://www.deepcapturethemovie.com/
Vn, Thanks for the link to "Deep Capture the Movie". It is a great primer on short selling and what we have just witnessed. It is downright frightening. The scope of this thing takes a lot of intellectual courage and honesty to get around it. This is a good follow up to Taibbi's article. Both are well researched with an understandable explanation of the financial mechanics involved.
I am deeply troubled by the movie. I recall when this happened. A few days after the collapse of Bear Rush told of this huge windfall someone made shorting Bear. He was outraged at the naked robbery of America and how the culprits remained hidden and unpunished.
I encourage everyone to go to this link and see this movie. It is truly unnerving.
Mr Sol.
YW.......when you add to all of this what I view as the complicity of Henry Paulson, Bernanke, Geithner (both before and after his appointment), and the whole library of Goldman-Sachs alumni along and at the tip of the many tentacles, the old Rothschild quote takes on new meaning that cannot be pooh-poohed.
here’s another piece that will interest you....
My Manhattan Project
How I helped build the bomb that blew up Wall Street.
* By Michael Osinski
* Published Mar 29, 2009
http://nymag.com/news/business/55687/