dagblog - Comments for "Video proof that Matt Taibbi is a naked short selling dupe" http://dagblog.com/business/video-proof-matt-taibbi-naked-short-selling-dupe-937 Comments for "Video proof that Matt Taibbi is a naked short selling dupe" en I often wonder how Susanne http://dagblog.com/comment/8710#comment-8710 <a id="comment-8710"></a> <p><em>In reply to <a href="http://dagblog.com/comment/8709#comment-8709">  Here is another article</a></em></p> <div class="field field-name-comment-body field-type-text-long field-label-hidden"><div class="field-items"><div class="field-item even"><p>I often wonder how Susanne Trimbath <a href="http://www.stpadvisors.com/litigation.html">makes a living</a>.</p></div></div></div> Wed, 07 Oct 2009 18:41:51 +0000 William K. Wolfrum comment 8710 at http://dagblog.com   Here is another article http://dagblog.com/comment/8709#comment-8709 <a id="comment-8709"></a> <p><em>In reply to <a href="http://dagblog.com/business/video-proof-matt-taibbi-naked-short-selling-dupe-937">Video proof that Matt Taibbi is a naked short selling dupe</a></em></p> <div class="field field-name-comment-body field-type-text-long field-label-hidden"><div class="field-items"><div class="field-item even"><p> </p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 11.0px Arial;">Here is another article related to the Rolling Stone Article by Matt.</p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 11.0px Arial; min-height: 12.0px;"> </p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 11.0px Arial;">Rolling Stone Interviews Cast Member of Financial Film "Stock Shock-The Short Selling of the American Dream" </p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 11.0px Arial; min-height: 12.0px;"> </p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 11.0px Arial;">Former DTCC operations manager and star of "Stock Shock" Susanne Trimbath is interviewed by Matt Taibbi for his latest article in Rolling Stone. She blows the whistle on the world's largest central depository by revealing that she warned them 15 years ago of an impending financial crisis. </p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 11.0px Arial; min-height: 12.0px;"> </p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 11.0px Arial; min-height: 12.0px;"> </p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 11.0px Arial;">New York, NY -- Rolling Stone's own Matt Taibbi interviewed industry expert Susanne Trimbath, Chief Economist at STP Advisory Services, LLC in Omaha, for his latest article in the magazine article about financial corruption. The piece spotlights naked short selling and fall of Bear Stearns and Lehman Brothers.</p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 11.0px Arial; min-height: 12.0px;"> </p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 11.0px Arial;">In his new article, Trimbath tells Taibbi the story of how, in 1993, she tried to get senior management at the world's largest central depository (Depository Trust Company) to stop allowing shares of stock in US companies to be multiplied through stock lending and excessive short selling. "You can't balance the world," was the response she got from regulators. She contends this is because "Wall Street is self-regulated and they don't want to write regulations against themselves." By 2003, the size of the problem had increased ten-fold; by 2008 it contributed to the collapse of major financial institutions and the global financial crisis. </p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 11.0px Arial; min-height: 12.0px;"> </p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 11.0px Arial;">Trimbath is also featured in the financial film, "Stock Shock: The Short Selling of the American Dream" which documents the alleged massive short selling of Sirius XM radio stock. Sirius XM stock sank to five cents per share earlier this year. In the film, she explains in great detail the process of naked short selling and the impact failed trades have on shareholders and the American economy.</p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 11.0px Arial; min-height: 12.0px;"> </p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 11.0px Arial;">Susanne Trimbath holds the Ph.D. degree in economics from New York University. She is an expert on post-trade securities operations and is featured in several films about Wall Street. She frequently acts as an expert witness in securities litigation. Trimbath is a former mid-level operations manager at Depository Trust Company (now a subsidiary of Depository Trust and Clearing Corporation in New York). She currently heads STP Advisory Services.</p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 11.0px Arial; min-height: 12.0px;"> </p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 11.0px Arial;">"Stock Shock" was recently released on DVD and has received good reviews. The movie trailer can be seen at <a href="http://www.stockshockmovie.com">www.stockshockmovie.com</a>.</p> <p> </p></div></div></div> Wed, 07 Oct 2009 18:01:49 +0000 Jd comment 8709 at http://dagblog.com Holy crap, and I thought I http://dagblog.com/comment/8703#comment-8703 <a id="comment-8703"></a> <p><em>In reply to <a href="http://dagblog.com/business/video-proof-matt-taibbi-naked-short-selling-dupe-937">Video proof that Matt Taibbi is a naked short selling dupe</a></em></p> <div class="field field-name-comment-body field-type-text-long field-label-hidden"><div class="field-items"><div class="field-item even"><p>Holy crap, and I thought I was talented with my balls...</p></div></div></div> Wed, 07 Oct 2009 15:42:49 +0000 Larry Jankens comment 8703 at http://dagblog.com My sources tell me that http://dagblog.com/comment/8701#comment-8701 <a id="comment-8701"></a> <p><em>In reply to <a href="http://dagblog.com/business/video-proof-matt-taibbi-naked-short-selling-dupe-937">Video proof that Matt Taibbi is a naked short selling dupe</a></em></p> <div class="field field-name-comment-body field-type-text-long field-label-hidden"><div class="field-items"><div class="field-item even"><p>My sources tell me that Chris' middle name is Matt, and that he often uses assumed names. One of these assumed names is, coincidently enough, William K. Wolfrum. That's what <i>my</i> sources tell me.</p></div></div></div> Wed, 07 Oct 2009 14:23:02 +0000 Nebton comment 8701 at http://dagblog.com