Naked, Short and Greedy: Wall Street's Failure to Deliver

Naked, Short and Greedy: Wall Street's Failure to Deliver

  • Downloads:6752
  • Type:Epub+TxT+PDF+Mobi
  • Create Date:2021-05-01 08:54:52
  • Update Date:2025-09-06
  • Status:finish
  • Author:Susanne Trimbath
  • ISBN:1910151343
  • Environment:PC/Android/iPhone/iPad/Kindle

Summary

Rigged financial markets and hopeless under-regulation on Wall Street are not new problems。 In this book, Susanne Trimbath gives a sobering account of naked short selling, the failure to settle, and her efforts over decades to get this fixed。 Twenty-five years ago, Trimbath was working “backstage at Wall Street” when a group of corporate trust specialists told her about a problem in shareholder voting rights。 When she went to senior management at Depository Trust Company (DTC), they brushed it off saying, “You can’t balance the world。” Ten years later, a lawyer from Texas would tell her that the same problem was about to blow up the financial markets: Wall Street brokers are using short sales and fails to deliver to grab the assets of American entrepreneurs。 This is a cautionary tale。 What started as a regulatory failure turned into a regulatory crisis。 Global financial markets may not survive what comes next。

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