Patrick Byrne I am a concerned citizen who has been focused on systemic instability since 2004.

Unsettled Trades: Jobs Destroyed, Firms Ruined, Pensions Looted

1 min read

The proliferation of unsettled trades in a firm’s stock disrupts the market’s ability to find the true market-clearing price for that stock. As a result, a troubled firm that comes under such an attack will be prevented from selling any stock into the capital market in order to raise capital to fund its ongoing operations. Similarly, healthy firms cannot sell additional stock to raise capital to fund their expansion. In both cases the parties engaged in this crime will shelter themselves under ideology that runs, “These are crappy companies that do not deserve to make it!” They forget that in a free market operating under the rule of law, such questions are to be answered by the market, not by the market with one side of it being ale to manipulate prices. 

Convincing the reader of this can be accomplished through intellectual argument, which I will provide in due course in this section.

For now, however, I would like to proceed by first offering links to mainstream journalism that describes how this practice can achieve its evil effects. I am arguing, I know, the economic equivalent of saying, “Martians walk among us,” and I have learned that it is easier to do so if the reader first sees that other capable, serious, mainstream publications have glimpsed the Martians too, before I try to expose their plot. So first, please consult these sources:

Next will come a series of case studies about various well-known firms that have been affected by failures-to-deliver in their stocks (“failures to deliver” being, as the reader knows by now, the residue of naked short selling).
For the last part of this chapter, I will explain why it has taken so long for the finance guys to understand this problem.
 

Patrick Byrne I am a concerned citizen who has been focused on systemic instability since 2004.

Hedge Funds to US Soldiers: “I need a Maybach,…

This story gets told in pictures, mostly. Take a Mercedes, stir in a couple hundred thousand dollars, and you get a car called a Maybach....
Patrick Byrne
1 min read

Hedge Funds to US Soldiers: "I need a Maybach,…

This story gets told in pictures, mostly. Take a Mercedes, stir in a couple hundred thousand dollars, and you get a car called a Maybach....
Patrick Byrne
1 min read

Hedge Funds to Non-Cancer Patients: “You also die.”

Stock manipulators think not just cancer patients can die to pay for ski trips to Gstaad. They also think those suffering from various pulmonary...
Patrick Byrne
50 sec read

4 Replies to “Unsettled Trades: Jobs Destroyed, Firms Ruined, Pensions Looted”

  1. I did a video on Force Protection Inc. and posted on YouTube crediting your website for the information. I wrote last week and never heard back so hope it’s ok I did this. I plan to post it on Daily Kos tomorrow so you may see an increase in your site activity. Here’s the link:http://www.youtube.com/watch?v=t5put3e8MQo

    If you have problems with the link, I’m Oilwellian on YouTube and it’s my latest video. It’s called “The Financial Terrorists of Wall Street.”

    Best regards,
    Kathryn

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Message from DeepCapture.com

At the time much of the content on DeepCapture.com was written, the Great Financial Crisis of 2008 was either on the verge of happening or had just occurred. In those days, emotions among this publication’s contributors were raw and, in an effort to get their warnings noticed and appropriate blame placed, occasionally hyperbolic language and shocking imagery were employed.

Were we to write these entries today, a different tone would most certainly prevail.

Yet, being a record of a pivotal time in our global economic history, we’ve decided to leave the rawness unedited, with the proviso that readers take the context of the creation of certain posts into account, and that those easily offended re-consider the decision to read them.