Deep Capture Podcast
A series of audio programs examining short side market manipulation and the market reform movement that has emerged to combat it.
Today, short-selling hedge fund Rocker Partners paid Overstock.com $5-million to settle the lawsuit filed against them in August of 2005. Rocker Partners also entirely dropped its own countersuit. This is a major victory for all public companies targeted by bear raiding hedge funds.
There is some evidence suggesting the federal government might be spending tens of billions of dollars to deal with the accumulation of failed trades caused by illegal naked short selling. If that's true, we're probably screwed.
Over the next few minutes, you’re going to learn something you should have already known, but almost certainly do not. You’re going to learn more about what really sparked the global financial meltdown. You’re going to learn that it was a criminal enterprise. You’re even going to learn who might have been responsible.