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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (55691)	10/1/2009 10:19:39 PM
From: TobagoJack	2 Recommendations Read Replies (1) \| Respond to of 217884

cb ilaine, ignorantly and predictably, but weakly, tries to do the crowded chant, 'blame the chinese for all our troubles', and just in in-tray, by which i have trouble spotting a chinese. perhaps cb ilaine should do the hunt by staring at self in mirror and reflect on the truth staring in face? Maybe we should be subscribing to this rather than WSJ…The reporter Matt Taibbi follows up his big Goldman piece a few months ago (in March 09 and also see issue #1075 on the Dirty Dozen URL: rollingstone.com with another expected smash, this time on naked short selling and Bear Stearns collapse. I have not yet read the full piece, so can’t really comment on quality. The Goldman piece was very useful even if it was overly rude in presentation. … At times, judging from the Goldman piece, we can also see sensational presentations that as professionals we could do without. But at the core there are some useful references…. *** He started making the rounds of blogs and offbeat press a couple of days ago with new piece. For_Immediate_Release: (Free-Press-Release.com) September 29, 2009 -- Rolling Stone’s own Matt Taibbi interviewed industry expert Susanne Trimbath, Chief Economist at STP Advisory Services, LLC in Omaha, for his latest article in the magazine explaining “how we got into this financial crisis.” Taibbi’s latest piece looks at the history of the Bear Stearns and Lehman Brothers failures. His controversial article earlier this year, "Inside the Great American Bubble" on the undue influence of Goldman Sachs in contributing to and benefitting from the recent economic collapse and the subsequent bailout gained significant attention from media, investors, shareholders and companies. In his new article, Trimbath tells Taibbi the story of how, in 1993, she tried to get senior management at the world’s largest central depository (Depository Trust Company) to stop allowing shares of stock in US companies to be multiplied through stock lending and excessive short selling. “You can’t balance the world,” was the response she got from regulators. She contends this is because "Wall Street is self-regulated and they don’t want to write regulations against themselves." By 2003, the size of the problem had increased ten-fold; by 2008 it contributed to the collapse of major financial institutions and the global financial crisis. Trimbath goes into more detail about this, and the impact of naked short selling and failed trades on shareholders in the recently released Hollywood movie, “Stock Shock: The Short Selling of the American Dream.” Susanne Trimbath holds the Ph.D. degree in economics from New York University. She is an expert on post-trade securities operations and is featured in several films about Wall Street. She frequently acts as an expert witness in securities litigation. Trimbath is a former mid-level operations manager at Depository Trust Company (now a subsidiary of Depository Trust and Clearing Corporation in New York). Matt Taibbi, who is best known for his articles and books on politics, turned to writing and blogging on finance after the 2008 Presidential election. His new expose will be featured in the upcoming issue of Rolling Stone magazine due out in early October. Susanne Trimbath can be reached through www.stpadvisors.com . rollingstone.com Wall Street's Naked Swindle A scheme to sell fake stocks helped kill Bear Sterns and Lehman Brothers — exposing the counterfeit nature of our entire economy. By Matt Taibbi Coming Soon Video: Matt Taibbi breaks down his argument.