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A Wikipedia Conspiracy and the Wall Street Meltdown
PatrickByrne writes "This is The Register's world-class investigative piece concerning one aspect of the meltdown on Wall Street ('naked short selling') and how the criminals engaged a journalist to distort Wikipedia to confuse the discourse. The article explicitly and formally accuses a well-known US financial journalist, Gary Weiss, of lying about his efforts to distort a Wikipedia page under assumed names, and accuses the Powers That Be in Wikipedia (right up to and including Jimbo Wales) of complicity in protecting Weiss. This is not another story about a 15-year-old farm kid in Iowa pretending to be a professor. This is like the worst Chomskian view of Elites manipulating mass opinion. But it is all documented." We discussed the alleged Wikipedia manipulation when The Register first wrote about it last December. The submitter is the CEO of Overstock.com and a major player in this drama from the beginning.
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Naked shorting is dirty, crappy stuff and those that engage in the practice should rightfully be put in jail.
Fuck you! If I want to sit around in my underwear in my own home I should be allowed to do so without fear of being put in jail!
These posts express my own personal views, not those of my employer
Naked shorting is dirty, crappy stuff and those that engage in the practice should rightfully be put in jail.
Fuck you! If I want to sit around in my underwear in my own home I should be allowed to do so without fear of being put in jail!
Given that you're posting on Slashdot, odds are you've got plenty of company.
The higher the technology, the sharper that two-edged sword.
Naked shorting, as essentially leveraged speculation on downward price movements, does serve as a useful counter to the massive, and often highly leveraged (i.e. bank-created money) speculation on upward price movements that created the bubble that got us into this mess in the first place.
The Economist provides a nice tongue-in-cheek fake newspaper article from the future, in which regulators ban naked longs to avoid that sort of speculative market manipulation.
10 PRINT CHR$(205.5+RND(1)); : GOTO 10
As if naked shorters hold on to "their" stocks long enough to issue dividends.
Infuriate left and right
As if companies still issued dividends anyway.
If corporations are people, aren't stockholders guilty of slavery?
I disagree. This is /. after all. If there is one thing I don't want to see it is pictures of this particular activity.
Come to think of it, I don't even want to imagine it.
Unfortunately I have a vivid imagination. Damn you /.!!!
"So long and thanks for all the fish."