Bernard Madoff, the Mafia, and Naked Short Selling
Bernard L. Madoff was once the chairman of the NASDAQ stock exchange. He was one of the most important market makers on Wall Street. And he managed what was, by some estimates, the largest hedge fund...
View ArticleWith Media Absent, a Senator Reports the News
Last night, CNBC’s Jim Cramer interviewed Senator Ted Kaufman about the problem of abusive short selling. The Senator said: “We gotta have people feel that they’re getting a fair share and the market’s...
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Blue Kryptonite and naked short selling
The Bizarro World Code Within minutes of my introduction to the world of short selling hedge funds, I encountered the analogy that remains the best suited to describe the truth to which they subscribe:...
View ArticlePatrick Byrne was right all along
We’ve long maintained here at Deep Capture that Charlie Gasparino is possibly the most insightful figure at CNBC. Today, Mr. Gasparino underscored that status while on air with Joe Grano, former CEO at...
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