RT Hubert Senters for a link to this fascinating video on the financial crisis.
Naked short selling brought Bear Sterns and Lehmans to their knees. This video suggests those involved in this short-selling conspired together to drive the price down, effectively manipulating the market for their own gain ($1.7m put options in Bear Sterns yielded $270m profit in less than 7 days…..)
Hedge Funds and the Global Economic Meltdown from Judd Bagley on Vimeo.
