Wednesday, May 16, 2012

Naked Short Selling and a Raging Banking Boner

Accidentally Released - and Incredibly Embarrassing - Documents Show How Goldman et al Engaged in 'Naked Short Selling' | Common Dreams
Last week, in response to an Overstock.com motion to unseal certain documents, the banks’ lawyers, apparently accidentally, filed an unredacted version of Overstock’s motion as an exhibit in their declaration of opposition to that motion. In doing so, they inadvertently entered into the public record a sort of greatest-hits selection of the very material they’ve been fighting for years to keep sealed.
That is one hell of a boner. And nobody likes it when everyone points and laughs at your boner.

Yes, Nake Short Selling really is that dirty. So dirty I don't even have a pic to post for it.

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