Reply #52: A DUer recommended a must-read site for SMW denizens

[Danascot]

on another thread:

Posted by sixmile at http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=4659127&mesg_id=4659127

deepcapture.com An illuminating, informative insight into our financial mess

Deep Capture is a website of investigative journalism examining the growing threat to our financial system posed by illegal naked short selling founded by Patrick Byrne, CEO of overstock.com, and heavily contributed to by former WSJ writer Mark Mitchell. The site delves into the underbelly of Wall Street and its incestuous relationships to regulatory agencies like the SEC and the DTCC. It is enlightening, frightening, easy-to-read, and is a must for any DU'ers who have money invested in the stock market.

From Mark Mitchell: "I have maintained all along that naked short selling was not a hard problem to solve: it was just a hard problem to solve without seeing about 20 rich guys get their asses handed to them. And because they were rich and well-connected, efforts to persuade the federal government to enforce the law were stopped dead in their tracks.

Somewhere in the middle of 2008, after the horses bolted from the barn, the barn collapsed, the barn burned, and the barn’s ashes scattered to the four winds, the federal government decided to close the barn door."

http://www.deepcapture.com /