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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?
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From: makeuwonder10/8/2008 12:19:26 AM
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When I read this I start to think things could be worse than we think. I bet the guys at Bear Sterns are laughing their azzes off

"Naked short selling, followed by false rumors, dealt a critical, if not fatal blow to Bear Stearns. Many knowledgeable participants in our financial markets are convinced that naked short sellers spread rumors and false information regarding the liquidity of Bear Stearns, and simultaneously pulled business or encouraged others to pull business from Bear Stearns, creating an atmosphere of fear which then led to a self-fulfilling prophecy of a run on the bank. The naked shorts and rumor mongers succeeded in bringing down Bear Stearns. And I believe that unsubstantiated rumors in the marketplace caused significant harm to Lehman Brothers. In our case, false rumors were so rampant for so long that major institutions issued public statements denying the rumors."

That paragraph is off the Oct 7th Deep Capture story.

Think about it this way though. I suspect much of Bear Sterns stocks were held by insiders. So if they naked shorted their company into a death spiral...making all the money.....and then get paid from the government for doing it didn't we, the taxpayers get a double whammy? Most of them probably made big bucks naked shorting itself.

Am I right about this? JMO.
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