WordBomb finds the definitive on-Wiki Mantanmoreland evidence -- erased! Options

[IronDuke]

ANI posting and original evidence. In SlimVirgin's words, "classic sockpuppet mistake".

Who knew that Thatcher131 was cabal?

[Daniel Brandt]

Your description of "short selling" is fine, but there is another dimension to "naked short selling" that isn't clear from your description. From listening to Patrick Byrne and reading about "naked short selling," there's an aspect to it referred to as "failure to deliver." This is somehow connected to the several-day float in the U.S. system of loose regulation of financial markets. Bad short guys borrow lots of stock without really borrowing it, by taking advantage of regulatory lag and regulatory loopholes. The effect this has is to drive down the stock of small-cap companies, which suits their purpose.

If and when the bad short guys are required to settle, they end up settling when the poor small-cap has turned into a penny stock. They walk away, laughing all the way to the bank. At any given moment in the U.S. financial system, some observers claim that there is a huge amount of "phantom" shares floating around inside of the various regulatory loopholes.

[TabulaRasa]

If and when the bad short guys are required to settle, they end up settling when the poor small-cap has turned into a penny stock. They walk away, laughing all the way to the bank. At any given moment in the U.S. financial system, some observers claim that there is a huge amount of "phantom" shares floating around inside of the various regulatory loopholes.

That's a great explanation, Daniel.

As far as Gary Weiss is concerned, he works for the people perpetrating this fraud. He's the only one of them foolish enough to defend the practice in public, so he's like the fraudsters' PR arm, hence his blog and the inordinate amount of time he spends anonymously hovering over and skewing the Wikipedia article about naked short selling and bashing his clients' naked short targets on various finance-related message boards.

The presentation I linked to earlier shows how naked shorting is done, and to differentiate the crooked broker/dealers and hedge funds from the rest when showing how stock and dollars are affected by their actions as they course through the system, the crooks' desks are painted red.

Hence: Gary Weiss works for the man behind the red desk. And while Gary might not command much on his own, his patrons do because under those metaphorical red desks, they have billions of dollars.

Really, watch the presentation...it'll open your eyes.