This crime may have become so extensive that it has created in our country’s financial system a crack so deep it could trigger a systemic collapse.

Unsettled Trades & Systemic Risk

The Foreclosure Crisis: Punchline to a Michael Lewis Joke…

The foreclosure crisis is being written and spoken of as though it were exclusively a paperwork crisis. For example, an October 18, 2010 Associated...
Patrick Byrne
3 min read

Regulators Spring Into Action Against Naked Short Sellers. Or…

As is explained in numerous pieces in DeepCapture, there are many cracks in the settlement system, one of them being the DTCC’s Continuous Net...
Patrick Byrne
43 sec read

The DTCC’s CNS naked short selling residue

In a previous post I named various places where unsettled trades can accumulate: in the desks of brokers, in pre-netting among brokers, in the...
Patrick Byrne
2 min read

The DTCC's CNS naked short selling residue

In a previous post I named various places where unsettled trades can accumulate: in the desks of brokers, in pre-netting among brokers, in the...
Patrick Byrne
2 min read

A Peace Sign for Wall Street

Greetings, and peace. As we Irish say, “I’m sorry for your troubles.” In today’s Salt Lake Tribune there is a story that is 100%...
Patrick Byrne
10 min read

The End of the World as We Know It

I will begin this preamble to the subject systemic risk with two quotes from Warren Buffett (by quoting him I do not mean to...
Patrick Byrne
5 min read

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.