Mirror on the Internet Archive
Consider this documentary as counter-programming to This Is Financial Advice (post and re-post).
In 2008, rampant fraud on Wall Street created billions of counterfeit shares in the stock market, bond and futures markets, and the credit default swap market, helping to cause the catastrophic collapse of the entire world’s economy. Known as naked short selling, the fraudulent practice caused the collapse of hundreds or even thousands of American companies, cost our country countless jobs, decimated retirement funds, and even flooded the market with fake mortgages. The Wall Street Conspiracy chronicles the stories of a small group of activists who worked tirelessly to expose the corruption in our financial markets.
Coming from all walks of life, some were entrepreneurs like Overstock CEO Patrick Byrne and Eagletech’s Rod Young, others were activists, like Mark Faulk, Darren Saunders, and Dave Patch, economists like Susanne Trimbath and Robert Shapiro, and lawyers Wes Christian and John O’Quinn. They tried to educate investors, Congress, the SEC, and even the President about the imminent danger of allowing this financial terrorism to continue, but their cries fell on mostly deaf ears. This is a story of rampant greed, corruption, and the failure of our government to act to stop it… before it was too late.
Awesome. Glad to see this as one of many great examples out there that offer a very different story than ones that are told for example in that recent This is Financial Advice video.
Honestly, I try to keep my messaging neutral despite that I obviously write with bias as a GME investor. But “This is Financial Advice” is a total load of pseudo intellectual bullshit, in my honest and biased opinion. Who tf is this guy and why should anyone at all care what he has to say? He wades into this story as someone pretending that what they have to say is important and worthwhile.
The corruption of incumbent power holders (wall st) knows no bounds. If I was a corrupt incumbent power holder without scruples, there would be nothing I wouldn’t try if I thought it would create a beneficial outcome in the interests of my financial position. It is not outrageous at all, in my opinion, to believe that a video like this could have been created with certain financial incentives present.
The Wall Street Conspiracy provides valuable insight into a different view of the entire situation.