Matt Taiibi : Naked Short-Selling Caught on Video

Matt Taibbi

True Slant

Caught On Tape: A Naked Swindle

Continuing with the theme of naked short-selling, I have a video that was given to me last week that will allow people to see how naked short-selling can take place.

This video is only 31 seconds long and what it shows is a day-trader trying to sell short shares in a major NYSE-traded stock. To disguise the identity of the trader, I’ve had to edit out the name of the company in question — I’ll call it BANK X for short. What I can say is that the stock in question is one of America’s largest financial companies and the recipient of an enormous amount of public bailout money, so the fact that its stock can be manipulated is something that should be a concern to everyone. [Read more...]

Dylan Ratigan is Out at CNBC’s Fast Money

Tully

March 30, 2009

Guy Adami just said : “Wait, Wait, Let’s Officially welcome Melissa to the center chair…” (unofficial transcript)

drMedia outlets have been reporting for the past few days that Dylan Ratigan’s March 31 contract would not be renewed.

As Broadcatching mentioned earlier , we met Mr. Ratigan last fall outside NASDAQ HQ and he was a swell chap.

He was cruising for a bruising talking all that truth and ABC is going to give him a fat payday.

Uh oh….


Former AIG Head Hank Greenberg on CNBC With Maria Bartiromo

Former AIG Head Hank Greenberg on CNBC With Maria Bartiromo

Rick Santelli Subtly Schooled By Dylan Ratigan

Rick Santelli Subtly Schooled By Dylan Ratigan

The Madness of Jim Cramer – Day After Pathetic Evisceration by “Comedian”

The Madness of Jim Cramer – Day After Pathetic Evisceration by “Comedian”

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