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read
Jul 01 03:57 am
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All Comments by fxtrader07 »How Bear Died [View article]
www.deepcapture.com/di.../
and you may rethink your doubts whether bear wasn't brought down deliberately by certain circles. Whether GS or DB had a hand in it is of secondary importance. What is important is that large parts of the financial media are now catering to very vested interests and have the power to even foster the demise of a house like Bear.
As long as the SEC turns a blind eye on naked shorting (with the absurd reasoning that 'the problem is too large to be fixed' (sic!) bear will be just another victim in a long chain of further episodes.
That the world's largest financial market is seemingly unable (unwilling) to even arrange for the most basic precondition of proper market functioning: i.e. delivery of goods (stocks) bought and sold is a shame and is absurd.