SEC Chairman Christopher Cox appeared before a US Senate commitee to discuss the Bear Stearns implosion. Be sure to watch this video to the last second. To decode the Washington-speak, note that Senator Tester asked Chairman Cox about short selling, not naked short selling.
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This post was written by:
Patrick Byrne - who has written 130 posts on Deep Capture: exposing the crime of naked short selling.
I am a concerned citizen who has spent three years trying to prevent a meltdown of our financial system.
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One Response to “Chris Cox, Bear Stearns, and Naked Short Selling 3 Apr 2008”
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[...] in March, 2008, of Bear Stearns, America’s fifth-largest investment bank. The Chairman of the SEC recently told the U.S. Senate that the SEC is investigating precisely this possibility. The consensus among [...]