Judd Bagley

98 posts

The Sound of one Hand Clapping

As we’ve seen this issue clumsily addressed by business media over the past week, something that particularly stands out is the question of whether “naked short selling” is illegal. In one of Chairman Cox’s earliest interviews, he said that no, naked short selling is not illegal, unless it is done illegally (which he went on to explain means unless it is abused as a tool of stock manipulation).

Gary Weiss: his DTCC ties and lies

We knew Gary Weiss's aim was to discredit and marginalize high profile opponents of illegal naked short selling. Yet his book, which seemed to be the launch pad of Weiss’s campaign, was quite critical of both hedge fund and prime broker culture: the two obvious sides of the naked shorting equation.So who was paying Weiss to spend all day, most every day, publishing his attacks via his blog, message boards, and Wikipedia? Nobody had ever considered the DTCC.