[abletruth]

Everyday the SEC allows 6 billion dollars of FTD "Failed To Delivers" to occur. The SEC's stocl borrow program ran by the SEC's DTCC has allowed off shore hedge funds to borrow shares and necver return them in the 13 day period. This has gone on for the last 6-7 years. The DTCC makes a small % of each shares regardless if it is legal or illegal.

Watch for the name of Dr Robert Byrne he and super lawyer John O'Quin "RJR Tobacco Fight" they are gong to bring this Fianancial terrorism to the public, it effects 401s, IRAs, it used to be just small companies but the brazen naked short sellers have targeted large companies like Delta Air, Wells Fargo to name just two. This is ruining our markets and in time will destroy them.

[BlackJack]

Thanks for this post. This is incredible information.

[snowsislander]

Welcome to Free Republic.

[Truth is a Weapon]

ping for future reference

[Chewbacca]

The banks and funds have been naked shorting the precious metals and mining shares for the past three or more years to suppress the number of people from fleeing the tech and dotcom stocks for the commodities.

[n-tres-ted]

Here's the website where you can stay informed on the naked shorting warfare: http://www.ncans.net/news.htm
The name of Overstock.com's CEO is Dr. Patrick Byrne.

[devane617]

I thought naked short sales were outlawed a few years ago.

[devane617]

Thank You!!! I trade K's shrs daily and am always amazed at what the big guys get by with. I assure most people have no idea...

[MeneMeneTekelUpharsin]

This is a fact, not theory. Naked short selling is ruining some companies by ruining their debt rating due to the reduced price of their stock which then accelerates their financial problems. This has occurred with Taser, Calpine, Mirant and MANY, MANY others. These guys are going to collapse the stock market if left unchecked.

[MeneMeneTekelUpharsin]

Everyday the SEC allows 6 billion dollars of FTD "Failed To Delivers" to occur. The SEC's stocl borrow program ran by the SEC's DTCC has allowed off shore hedge funds to borrow shares and necver return them in the 13 day period. This has gone on for the last 6-7 years. The DTCC makes a small % of each shares regardless if it is legal or illegal.

You are spot on with the above statement. The fraud is in the billions and the SEC lets it happen.

[investigateworld]

Okay Toddster ... looks to me like folks were selling something they didn't have and failed to go into the market to obtain?
Please break it down in bite sized pieces for us simple folks. Thanks