Wall Street e a Mafia Russa

«Byrne showed how the "cheating parties" make money off of a stock price dropping through a process called "naked short selling."

In brief, Byrne showed that "naked short selling" occurs when certain hedge funds and broker-dealers flood the market for a particular firm's stock with IOU's for that stock, cracking the market in it. If they ever have to make good on their IOU's it is at fraction of the original price, and they get to pocket the difference.

These methods are used to create huge profits, often killing the victimized corporation in the process, and leaving the purchaser high and dry, Byrne said.»

Dizer Wall Street e a Mafia Russa não acrescenta nada. É o mesmo que falar da sede e duma das suas filiais. Ou accionistas.

Já agora, por curiosidade, deixo as definições:

1. Short selling - Short selling is a trading strategy where a broker/dealer or investor believes that a stock is overvalued and is likely to decline. It is an integral part of the way our capital market system works. Basically, it involves borrowing stock that you don't own and selling it on the open market. You then buy it back at a later date, hopefully at a lower price, and as a result, making a profit.

2. Naked Short selling - Naked short selling is selling stock you don't own, but not borrowing it and making no attempt to do so. While naked short selling occurs, the extent to which it occurs is in dispute.