Posted on 07/17/2008 7:30:26 PM PDT by Kaslin
The demise of IndyMac, coming on the heels of Bear Stearns' desperate sale to JPMorgan Chase, is a sure sign of the fragility of today's markets. What's needed now, more than ever, is reliable information for investors and confidence that trading can be conducted without the illegal influence of manipulation.
Because financial institutions depend on confidence, they are uniquely vulnerable in the current climate. A "run on the bank" can take hold quickly, and can be fatal. But stampedes are not always rational.
When an irrational panic is fueled by a sense of urgency, false rumors that must be acted on immediately and the fear that everyone else may get out first, market integrity is threatened. It is the job of market cops to provide a measure of confidence that financial information about public companies is accurate and reliable — and when it is not, to punish those responsible.
Who profits from intentionally false information in the marketplace? Those who are in on the scam and positioned to benefit from the predictable response of others who believe the fraudulent information to be true.
The classic "pump and dump" scheme, in which a stock is inflated through false information and then dumped on unsuspecting investors when the perpetrators flee, is one example of how this works. "Distort and short" is the same thing in reverse.
(Excerpt) Read more at ibdeditorials.com ...
That's an interesting claim... any photo evidence to back it up?
Nice title. What was the subject again? :)
TTIUWP
unbelievable:
“Naked short selling can turbocharge these “distort and short” schemes. In a naked short, the usual process of short selling is circumvented, because the seller doesn’t actually borrow the stock and simply fails to deliver it. For this reason, naked shorting can occur even when actual shares aren’t available in the market. It allows manipulators to force prices down without regard to supply and demand.”
?
Nanny state nonsense!
Just as automobiles have individual VINs, so too do electronic shares of stock need ID #’s.
Once you ID every stock, naked short sellers can be nabbed.
(Just trying to increase the turnout to this thread ;-) 
Oh okay, thanks
About that picture. Turn back the hands of time to where I am a US Army Vet (Air Cav) at 24/5 years old & taking classes at SIUCarbondale.
Ping.
I listen to business talk radio and its unbelievable how many push pessimism.....you have to wonder if they are deliberately doing this to cause a certain effect....
Yup, you increased the turnout all right.
Is that tinfoil or tinsel across the top?
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