Patrick Byrne: What is Naked Shorting?

[@Juan0824]

GameStop led me here.

[@thejcfestra]

He too !

[@TheRevanant]

Yup

[@calebkennefick7529]

DOGE to the moon!!!!!

[@Bob-fj7lr]

Fucking textbook naked shorting

[@forumfly]

TZero = the answer.

[@Wanderingviewer]

This was posted 10 years ago.....and the SEC has never done shit about it

[@Fridge_Fiend]

The SEC are completely complicit

[@jfcjr4584]

They benefit from it.

[@Wolfsheim23]

@@jfcjr4584 SEC and FINRA are all Hedgefund Cronies. Look at where they all came from. They are dirty cops covering up a fraud bigger than the cartel drug trade.

[@christineadams2256]

THANK YOU FOR TELLING THE TRUTH.

[@MrBentleyvision]

This is exactly what's happening with GME this is insane

[@patternwaves1126]

HOLD HOLD HOLD

[@JohnDoe-ll7sg]

@@patternwaves1126 AND DRS

[@stardust6004]

@@JohnDoe-ll7sg DRS YOUR SHARES - OWN YOUR SHARES AND DONT GRANT OWNERSHIP TO YOUR BROKER

[@Wolfsheim23]

It happens to millions of companies and steals billions a year from Retail. I really hope Trump can push to expose this since he is now being attacked in DJT stock. $MMTLP are investors who are taking this farther than anyone has so far. They got nearly 100 congressman to sign a letter to the SEC and FINRA to investigate what happened and is still happening to their stock.

[@Wolfsheim23]

@@stardust6004 This is what investors of DJT are all being told to do now and it's WORKING! Still I hope trump and Nunes can push to expose this awful practice.

[@humphreybogus4165]

Thank you Melissa

[@DEFIRYAN]

"Naked shorts yea" Melissa Lee June 4th 2021

[@cnkumar20]

hmmm .. jan 26/2021 you know what brpught me here

[@Candyman.Trader]

Same here OMG!!! It's happening... hedge funds will be crushed... I'm LONG AMC!!!

[@andrewmarinelly5838]

@@Candyman.Trader doesn't our system crash... again in a pandemic? It's hard to cheer you on.

[@Candyman.Trader]

@@andrewmarinelly5838 don’t need cheering... just pointing out that AMC and others will still boom because we are crushing SHORTS!! They will have to cover... then I sell, when we start hitting the 100’s! I doubt a pandemic will come back, and if it does we’ll be smarter than shutting down the whole economy... let’s hope. LONG AMC TO 100$ min

[@obaidbaig2058]

@@Candyman.Trader how is that going

[@Candyman.Trader]

@@obaidbaig2058 sold at 15.80 made 1x, happy, now out of everything except for $TGOD and $MMEDF. Surfed $AACG all day from under 6 to 19, only to finish flat on it cuz I clicked a wrong button 😬 GL will finish 1st week of February green!

[@christopherlelotte6633]

AMC !

[@L1AM]

Holy shit, GameStop comes to mind here

[@justinl8028]

Hi, I'm from the future. You should see AMC.

[@alibaba0428]

hope you are still holding

[@alibaba0428]

@@justinl8028 hi, im from the future. Hope you are still holding

[@Fridge_Fiend]

@@justinl8028 This will age badly

[@gregdavid1032]

this man has always been on our side!!!

[@Somenondual]

Patrick Byrne is underrated.

[@bennyrashasha9920]

What a convoluted economic/financial system.

[@modernfinance785]

Welcome to the sad reality.

[@markussskraucis9526]

Well, we all know what brought us here🦍💎🙌🚀 But imagine how well this event has and will educate retail investors. Next time we will have much more experience and will be prepared from their tricks

[@cupbowlspoonforkknif]

There better not be a next time!

[@evensen007]

This is EXACTLY what the hedges, marketwatch, cnbc etc are doing to AMC. Right now!

[@Ren3gade]

AMC is a distraction. The one true idiosyncratic risk is GAMESTOP (GME).

[@sarawoldeyohsnnis1584]

AMC next!!!!!

[@The_Crimson_Wolf_]

👀

[@wesleyk.8376]

Overstock is AMAZING.... boy how this is relevant with GameStop and AMC right now. If the SEC thought that then, I wonder how they’re simply going to “dismiss” it now with millions of people invested and aware of it

[@Wolfsheim23]

Look at what happened to $MMTLP a year ago and how we are fighting it now. We have taken it farther than anyone. Look into our story! We are all over Congress now too. The MMTLP Fiasco they call it. Don Fizz is doing so much work now to spread it through all the halls of the senate and congress and DOJ. Even Trumps DJT is now using our example mentioning the letter we got signed through congress by nearly 100 congressman asking SEC & FINRA to explain and resolve our situation.

[@atylerblack164]

Wish I was watching this in a AMC theater

[@happyjoey1]

"Fixing this problem is going to be our work of 2008" 2008 financial crisis: “hold my beer"

[@gonzaloenrique8741]

How come we have to locate our shares, while big hedge funds can short more than 100%? Hedge funds need to be restricted from that. Or fined big, because of manipulation

[@Amctothemoon]

Fines don’t do shit , jail is what’s needed

[@bennyrashasha9920]

Some sources: Bob Drummond, Corporate Voting Charade, Bloomberg Markets, April 2006; Corporate Governance: Values, Ethics and Leadership; Naked, Short and Greedy: Wall Street's Failure to Deliver

[@hswwer]

Just throwing thoughts out there, but this is from 2012? Ok, so back then, Patrick Byrne mentions that the bad actors got a pass because having all those phantom shares in the system could lead to cracking the system. It's 2021 now, 9 years later, and obviously, naked short selling never stopped. So WTF kind of problem are we in now? Seems like Pandora's Box was never closed ...

[@mikerosoft1009]

Naked shorts were meant to be returned. This is the first time a mass amount of share holders are holding on to all stock including synthetics. The automated system has no way of dealing with this holding scenario.

[@RobTackettCovers]

@@mikerosoft1009 Systems are made to be updated (for people who have bad intent, in this case, against the general investing population, the word "corrupted" can be exchanged for "updated"...the market is down every single weekend...

[@raxnahali2339]

It is the fuck around of times, it is the find out of times...

[@KrisyStranger]

AMC brought me here

[@user-sh6nx8vj3k]

MELISSA LEE LED ME HERE ❤

[@BennysRadio]

3 years later and I am back :) Nothing was done about it so far. Everyone knows by now about it...

[@jeffhanks9032]

What if ALL shares of every company were certified via blockchain, and all transactions for those shares were certified via blockchain?

[@JRMiracleman]

That would be awesome.

[@grandtheftbitcoin]

the original bitcoin protocol will survive not BTC

[@bisty111]

GameStop is doing that on Loopring for this exact reason. That’s what led me here!

[@Mr007Magma]

That makes to much sense. Because it WOULD work, they won't let it. They have better attorneys and typically bury ideas like block chain in a perpetual state of legal limbo. This movement needs enough attention to force their hands to do the right thing. They won't do it willingly.

[@lolerie]

That would not work. The stocks are delivered next day only

[@alinaisac3255]

Thanks again for sharing God bless you and your family and friends

[@DrTheRich]

Dammmn this is so accurate its freaky...... Predicted it all

[@sowishful]

It’s been happening forever that’s why

[@Elrundilx]

And now the SEC wants to do that again, to "forgive" and erase all the Synthetics and naked shorting" so that the market doesent break - "lets forgive them again" Then they they start doing it for 10 more years, then we will forgive them again, its all about forgiveness" - All companys are now going through the "forgiveness stage where the SEC and all the big players wants us to "Forgive" again.

[@andrewdavidson389]

GME brought me here. How has this not been fixed? This game cannot last forever and it is the entire american and world economy on the line.

[@DrTheRich]

Because they are all in on it, and only now are we the people fighting the battle, they didn't fight for us. HOLD THE LINE

[@michaelb4546]

The romantic in me imagined seeing Avatar 2 in theaters. I bought 200 shares months ago at 2.50 saw it drop to 1.90 and sold 175 at 3.50 to recover my initial. I have 25 left. Now that I know I have been swooped into this bet your ass I am not selling. Robinhood done f'd up. I canceled my gold and began my account transfer. If anyone reading this is really interested in making the rules even. Punish them with your business. Take it elsewhere. Good luck all

[@jonnyhatter35]

good man! To paraphrase Tony Montana, Let's bury these cock-a-roaches!

[@JohnXOsterman]

GameStop is educating us all. 💎🙌

[@MikeEirman]

I'm glad this was posted, now we know there r alot more players and bigger fish 2 find when this comes out.

[@colinedwin3083]

BBBY led me here.

[@leewills2160]

Great info appreciate what you’ve done .

[@kennygee6627]

Someone put a link on AMC / APE Stocktwits. I’d love to see an updated version of this, exposing all of the latest corruption.

[@ericdanelon5447]

where is Ken Griffen when we need him

[@janemagana1705]

Who’s still here Jan 29

[@raymondflaherty9698]

I legit thought this was Steve Bannon lol

[@ymnatymnat]

AMC brought me here 🦍🦍🦍💎🙌🏾 from France 🇫🇷

[@hyperadzy8877]

This was a pretty interesting video. I wanted to learn what naked short selling is. I still don’t think i completely understand. Where do these fake shares come from? How do these fake shares lead to the collapse of the corporate market? If you were to buy a fake share of a company you are not actually buying a part of that company instead you are just paying for something that isn’t real?

[@kaneayers7465]

Silver Manipulation brought me here.

[@goadpadya6880]

AMC. Naked shorting ...thanks CNBC admitting it.

[@SuperRoycethe59]

still happening.. 2019......

[@Candyman.Trader]

And now!!! AMC

[@finance4future473]

Did anybody already find the article by Bob Dummit(?) in Bloomberg Markets Magazine or the study results of this economist Leslie Bonnet that the SEC hired?

[@K5RTO]

Why was this new to this guy 8 years ago? He was in business during the big short 2007/08.

[@reedist]

Same amc

[@jojaryong]

All the US brokerages must pay interest on the IOU stock certificates they have sold.

[@KrzysztofWitta]

Does anyone have any links to the SEC resolutions confirming this?

[@modernfinance785]

ever find that?

[@mattm2731]

Bueller? Bueller?

[@michela.messier678]

I FOLKS LOOK INTO THE STORY OF CMKM DIAMONDS , THE MOST NAKED SHORTED STOCK IN THE HISTORY OF WALL STREET . STILL WAITING FOR COMPENSATION AFTER 15 YEARS .

[@clintwhatley7981]

That's an Ancient Snipe Hunt

[@selectiveoutrage6617]

What year was this interview done? Video date is the date it was published on youtube.

[@mscir]

This channel is playing it fast and loose, they video quality is not good, intro vol vs video vol. Little Thinking goes into Big Think.

[@Anonymous-qu5jj]

APES ARE NOT LEAVING

[@FireKing30]

DRS everything!

[@jamesmcluvlee]

AMC led me here🦍💎🙌🏽

[@trashman4640]

GME AND AMC led me here

[@sandeepsingh-mo1uc]

CLOV!! this is what is going with the stock right now

[@Justiceforall2C]

And here we are again the circle of life!

[@SuperRoycethe59]

its real

[@q00per45]

Bed. Bath. And beyond

[@stevenvalero9646]

2023 and Wallstreet is still Selling Stock they don't own! 🧐

[@wolverg0174]

🤬🤬🤬🤬 I'm a crypto guy but man this is Bolling my blood. AMC 10k let's go

[@jayp7936]

AMC led me here

[@valpen19]

gme to da moon

[@robertcolebrook7196]

That is why there should be a cancellation of depths for everyone every 7 years and may be the people who do not want it are the people who are messing every thing up.

[@selectiveoutrage6617]

How about widths and breadths?

[@df6148]

Almost wanna say thats biblical

[@bclowns333]

And here we are again

[@zhoneybee]

Where’s the full video?

[@luemas3219]

You may find that the video has committed suicide shortly after its airing.

[@effdat6006]

GameStop bringing this to a head

[@marc9999]

Bitcoin fixed this

[@staticgrass]

Forgiving these stocks will be the greatest theft of all time.

[@turquoiseblue9310]

GAMESTOP

[@nope3015]

This was 10 years ago.

[@therideshareculture]

AMC is here as well

[@wildwest1832]

Just as relevant now as it was then. Some things never change they just stay hidden to ignorant investors getting fleeced.

[@nicolailongo8846]

And what is the 3rd thing????????

[@modernfinance785]

Anyone know where the rest of this Doco is?

[@dickgoblin]

They broke it up into a million pieces

[@luemas3219]

It committed suicide, just like most things uncovering truth.

[@justinmiller9482]

$GME IS THE WAY

[@enteoz1694]

4:30 Wow I didn't know it got that bad

[@jeffcole75]

AMC led me here 3/10/21

[@joeykeilholz925]

If only you saw gamestop...

[@WishySissy]

Hello

[@bluecollarmenproductions]

that story is insane!!!

[@joshmurdoch893]

It's 2024 and we're still here... Buy, Hodl, & DRS $GME F*ck Wall Street

[@theshamanist113]

Have this guy on again

[@generiley355]

These financial terrorist and the complicit/corrupt politicians need to be sitting in jail cells for what they have done to the American people and our stock markets/economy !!!

[@johnharvey9675]

Amc lead me here

[@stickingtothefire]

Lou brought me here

[@tomyocom5886]

HEY. WHERE IS THE 3RD ONE AND WHERE DID YOU GET THIS

[@johnbarton8636]

Hold my brethren.

[@Martin-qq9xd]

Amc let me here

[@TRENDVFY]

GAMESTOP and now AMC

[@Griswold678]

Stonks.

[@janemagana1705]

Um Bethany McLean can I trust your book? Wth totally understanding q rejects rn

[@Nit3Guy]

MMTLP brought me here.

[@gamestop7416]

Genuis man

[@ReachEchoVoice]

Who issues the certificates and who would be responsible for the "promissory notes"??

[@mr.saturday3252]

DTCC

[@boe3421]

AMC led me here 3+ years ago.

[@BDizzle-ic7ph]

Its been 840 years since this video and the SEC still hasn't done anything. Wth are you doing Gary?

[@Theharrizable]

2023, and its still going on like there is no tomorrow. Looking at you Citadel...

[@albertmcknight1685]

Jpm told me to look at this

[@ChandrasekarRaja]

real story starts at 3:11

[@junkjunk2493]

thanks

[@clintwhatley7981]

Criminal. Nothing Less

[@борилИвов]

gamestop WONT STOP

[@florian367]

To the moon.

[@alibaba0428]

funny how this is still relevant . AMC brought me here.