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formercia's Journal
Posted by formercia in General Discussion
Wed Apr 01st 2009, 10:26 AM
http://www.deepcapture.com /

--snip--

As it turns out, there is a law, known as the “options market maker exemption”, which permits certain brokerages, specifically those registered as ‘options market makers’, to engage in a highly-controlled form of naked short selling in the course of bona fide options market making – comparable to the permission police officers have to exceed the speed limit under certain extreme circumstances when it’s in everybody’s best interest that they do so.

Naked short sellers have discovered that they can essentially “rent” the options market maker exemption from certain corrupt options market makers, producing massive amounts of counterfeit shares in the process.

-snip--

What does this have to do with Jimbo Wales?

Well it turns out that both he and former Wikimedia Foundation trustee Michael Davis used to work at Chicago Options Associates, where Wales was a research director and Davis was CEO.

--snip--


Byrne is tightening the screws...
Discuss (19 comments) | Recommend (+15 votes)
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