IMO part of the 2008 crash was a Fed ownership hostile takeover. I don't know if a new bank took out older ones, or if they just downsized Fed ownership. but thats my suspicion for why 2 banks were killed before the entire process by which they were executed was switched off.
Lehman Bros was an old powerful bank that was wiped out by competitors, as was Bear Stearns. They weren't JUST failing because of their naked shorting exposure, they were actively taken down by predators in the financial industry... who then made their captive agency the SEC suddenly make shorting bank stock - and ONLY bank shorting - illegal. Because those weakened banksters didn't want to be taken down the same way, but they still needed to profit of the collapse they caused by shorting every other company.
They even made naked shorting illegal after 2008, but made sure their SEC has never actually enforced the law because they commit that specific crime every single day... the law only exists to make sure they themselves aren't bankrupted the same way they took down Lehman and Bear. Lehman stock is still active by the way... 17 years after the company disappeared the comapnys stock is still active on the stock market which is very unusual. And it occasionally surges during unusual shorting events like the Gamestop thing. The interesting thing about naked shorting is it still needs to be paid back which can bankrupt the institution holding the shorts who owe more than the stock they need to buy to eliminate the debt. But an interesting way around that is to simply trade t he debt to the failed company and store its record of naked shorting in its own stock forever. The original company can't complain because it has already been eliminated. The killer simply hides the evidence of the murder in the corpse of their victim forever and hopes no one notices the corpse can't be buried and remains active, a zombie showing signs of life every time the killer is in distress.
One last observation: "Q" is the official wall street ticker symbol for a Bankrupted company. "Symbolism will be their downfall"
They even made naked shorting illegal after 2008, but made sure their SEC has never actually enforced the law because they commit that specific crime every single day... the law only exists to make sure they themselves aren't bankrupted the same way they took down Lehman and Bear.
Ahhhh so that’s when that happened. I was thinking it had been legal in the past.
VW's naked short situation started the collapse. The biggest banks never closed - they negotiated a closed-door deal between governments and Porsche to instantly sell everything - releasing all shorts - once they had legal control over VW. This was because the Porsche secret takeover process was probably very illegal - they quietly gained total ownership beyond short sellers ability to even pretend to close their naked positions (that were legal at the time) and no one knew until Porsche went public.
Then shortly after the big banking collapse was likely also a naked shorted to death situation, until the SEC made it impossible to short a bank.
Before 2008 naked shorting was illegal. Its what caused 1929 (on top of other issues like leveraged housing etc, basically everything you saw pre 2008 and right now). If you ever rewatch the Eddie Murphy movie Trading Places, the Randoph & Mortimer hedge fund crooks lost everything because they were overleveraged on bad insider trading info and naked shorting. They literally lost more than everything because thats how shorting works always, and naked shorting is even worse.
the Gamestop thing proved naked shorting is alive and well - literally the only possible way for the SEC to release proof the company was more than 200% short was if there was massive wide scale institutional crime at all levels happening.
The banks still own the SEC and its a criminal organization - the proof is not even one person or bank has been investigated for that naked shorting crime, and even during the faked hearings Congress held they avoided the entire topic of naked shorting and diverted the discussion to safe legal topics like "gamification" etc.
1929 will repeat. The recently fired SEC chairman was personally responsible for repealing Glass Steagall, which was the law passed after the Great Depression that was supposed to stop it from repeating. the only reason to repeal that was to make sure another Depression was possible.
IMO part of the 2008 crash was a Fed ownership hostile takeover. I don't know if a new bank took out older ones, or if they just downsized Fed ownership. but thats my suspicion for why 2 banks were killed before the entire process by which they were executed was switched off.
Lehman Bros was an old powerful bank that was wiped out by competitors, as was Bear Stearns. They weren't JUST failing because of their naked shorting exposure, they were actively taken down by predators in the financial industry... who then made their captive agency the SEC suddenly make shorting bank stock - and ONLY bank shorting - illegal. Because those weakened banksters didn't want to be taken down the same way, but they still needed to profit of the collapse they caused by shorting every other company.
They even made naked shorting illegal after 2008, but made sure their SEC has never actually enforced the law because they commit that specific crime every single day... the law only exists to make sure they themselves aren't bankrupted the same way they took down Lehman and Bear. Lehman stock is still active by the way... 17 years after the company disappeared the comapnys stock is still active on the stock market which is very unusual. And it occasionally surges during unusual shorting events like the Gamestop thing. The interesting thing about naked shorting is it still needs to be paid back which can bankrupt the institution holding the shorts who owe more than the stock they need to buy to eliminate the debt. But an interesting way around that is to simply trade t he debt to the failed company and store its record of naked shorting in its own stock forever. The original company can't complain because it has already been eliminated. The killer simply hides the evidence of the murder in the corpse of their victim forever and hopes no one notices the corpse can't be buried and remains active, a zombie showing signs of life every time the killer is in distress.
One last observation: "Q" is the official wall street ticker symbol for a Bankrupted company. "Symbolism will be their downfall"
Interesting. Thank you so much for this info. I am not that smart to figure this out.
Ahhhh so that’s when that happened. I was thinking it had been legal in the past.
Makes sense. Use the weapon, then shut the door.
Moon wen?
VW's naked short situation started the collapse. The biggest banks never closed - they negotiated a closed-door deal between governments and Porsche to instantly sell everything - releasing all shorts - once they had legal control over VW. This was because the Porsche secret takeover process was probably very illegal - they quietly gained total ownership beyond short sellers ability to even pretend to close their naked positions (that were legal at the time) and no one knew until Porsche went public.
Then shortly after the big banking collapse was likely also a naked shorted to death situation, until the SEC made it impossible to short a bank.
Before 2008 naked shorting was illegal. Its what caused 1929 (on top of other issues like leveraged housing etc, basically everything you saw pre 2008 and right now). If you ever rewatch the Eddie Murphy movie Trading Places, the Randoph & Mortimer hedge fund crooks lost everything because they were overleveraged on bad insider trading info and naked shorting. They literally lost more than everything because thats how shorting works always, and naked shorting is even worse.
the Gamestop thing proved naked shorting is alive and well - literally the only possible way for the SEC to release proof the company was more than 200% short was if there was massive wide scale institutional crime at all levels happening.
The banks still own the SEC and its a criminal organization - the proof is not even one person or bank has been investigated for that naked shorting crime, and even during the faked hearings Congress held they avoided the entire topic of naked shorting and diverted the discussion to safe legal topics like "gamification" etc.
1929 will repeat. The recently fired SEC chairman was personally responsible for repealing Glass Steagall, which was the law passed after the Great Depression that was supposed to stop it from repeating. the only reason to repeal that was to make sure another Depression was possible.
… dude. Gary Gensler CREATED derivatives, then used their fallout to repeal Glass-Steagall???
Wow.