Naked short selling - redefining systemic risk (part 2 of 2)

[kavinramirez]

cool clip .. nice one.. thanks for sharing .. keep it up

[mrjon75]

do you think this could have been a conspiracy between wallstreet and the Fed and our gov to fleece?

[not8upwthit]

As long as the FED is free to manipulate our entire financial system these events and others like them will be part of our lives! Damn Wilson for unleashing these parasites upon our republic.

How is it we allow these crooks free reign with absolutely no oversight ?

A better question would be how do we the people reclaim the constitution our forefathers died to give us ?

[worldsailor128]

And we dumb Americans worry about 50 morons that cant read in caves.

TIme to WAKE UP people!

[alen209]

Greed.

[saintveil]

Intellectual cons; those that understood the system targeted and pillaged investor/retirement funds. Just banking on the average Joe's (+SEC's) stupidity. Stunted apes, compliments of the chef (mother nature). Ravening the prey...

[expchrist]

wow awesome. Thank you so much for this help. I only wish I understood this better.

[woofer0doofer]

The loungy pot music doesn't fit with securities fraud nuclear meltdown.

[Mr0learned]

pooped meh pants

[DisposableWarrior]

FCC and the legislature should make law that prohibit naked short selling at all. FCC shoud press federal charges on them and they should make those hedge fund bastards responsible for what they've done. federal govenment should arrest them and confiscate their property to make up for the damage they've done to the nation.

[BuckworthJackson]

@DisposableWarrior

Ain't gonna happen - follow the money (how much went to Obama vs. McCain last election cycle)

But a lovely thought

[Rane909]

@DisposableWarrior sad thing is they won't, yet it thats probably exactly what would happen to anyone else

[paulio2293]

does anyone know what that song is

[writerjudd]

@paulio2293 There's a soundtrack listing at the end. You'll probably have to pause it, though, because it goes by pretty fast.

[williammorley]

so it's like a black hole but in an economic banking sense?

[vshayv]

Is this problem only important for US investors? How do other developed economies such as Australia, New Zeland, Switzerland, ect... stand with this problem?

[writerjudd]

Very interesting question. Australia seems to have one of the more orderly stock exchanges in the world and has prohibited NSS for a long time. India and Hong Kong as well. Germany very recently ended its ban on NSS. I'm not aware of stock exchanges in NZ or Switzerland, but if they exist, I'm also not aware of this as a problem in either place.

[paulio2293]

In answer to your question, it's impossible for this activity to go on in australia for EG since law is actually enforced, so its impossible that you could go and buy a stock on the exchange and actually get an IOU. This is because as soon as the trade is settled the stock is yours. THose countries u mention however are not imune from overall systematic risks, any american collapse will only take a matter of time to spill over to other markets

[Moviemakr]

Definitely see the movie "Stock Shock" about hedge funds and short selling the market and the effect it had on Sirius XM stock in particular--short sellers ran it down to 5 cents a share at one point. On DVD only, of course--pretty much everywhere but cheaper at the Stock Shock movie site

[twb2b420]

You misspelled the title...

[dan020350]

shares...... didn't warren buffet said one of the skills is to own shares????

[YoungDreezee]

man, i not scared of a dude with a gun, im more worried about a crook on Wall St. Credit Default Swaps works similar to Naked Shoort Sales, but it deals with the insurance of the securties, Thanks man, im starting to picture how it all ent down in 09/2008

[inthebluescrossroad]

great job with the Mandelbrot set, i loved how you applied it to economics , it just shows the possibilities with fractals. Scary to think of just what is going on in the financial world today, its hard to digest everything but great video overall, thanks for posting and teaching!