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p.p.

Naked Short Selling Shares - Wall Street Fraud

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I listened to Jim Puplava interview Sandra Mohr (Director) & Susanne Trimbath (Actress) at the weekend concerning their new film, Stock Shock: The Shortselling of the American Dream.

Here's a preamble for the film: Buckle up and hold on to your wallet as we follow the wild ups and downs of the American stock market through the eyes of stunned Sirius XM investors. Sirius Satellite Radio's commercial free music and blockbuster talent seemed to make it a sure-fire investment. After buying out their only competition in 2008 the stock was poised to go through the roof, but something went horribly wrong. Like fellow investors who had put their money in the once safe holdings of banks and mortgage lenders Sirius XM stockholders stood by helplessly as the value of their retirement funds disappeared and with it their life savings. Was it the bad economy? Mismanagement? Or something even more sinister?

Stock Shock exposes the down and dirty schemes and calculated market manipulation behind the glitter of Wall Street. It is a must see for anyone who has ever lost money in stocks...or fears they're about to.

I recommend listening to the interview which is an hour long but very much worth it and the films website is here

Finally, Madoff is mentioned a few times in the interview, which reminded of an excellent interview of Harry Markopolos (he broke the Bernie Madoff $50 Billion Ponzi Scheme), by Eric King. It documents the trouble Harry had trying to get the SCC to take up the case.

Edited by p.p.

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Short Selling or Naked Short Selling?

One is normal and good for the market, one is bad.....

sorry, should have clarified, naked short selling is the main focus.

will amend title

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