We should familiarize ourselves more with the blatant crimes Jim Cramer admitted to in the now infamous video brought to light by Jon Stewart. Cramer and his merry band of Hedge Fund thieves have learned how to illegally game the system of short selling and crippled countless businesses and their investors.
I will begin this thread with a video created by Bloomberg News called "Phantom Shares." It was also nominated for an Emmy for long-form investigative journalism. It's long, I know, (25 mins.) but well worth seeing to understand the compelling reasons why Wall Street is failing today. According to this report, there are billions of phony stocks floating around the stock market that have never been settled. It certainly gives new meaning to the term "toxic debt" that we hear so often now. I hope that shocks you enough to grab a cup of coffee, watch the video, and then meet me on the flip-side.
(Couldn't embed the video so am providing link for it.)
Phantom Shares
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