Short Selling Implicated in the Greatest Market Cataclysm Since 1929 -11/25/08 at 10:21 PM CSTby Perry Rod

Investigative Reporter Mark Mitchell responded today to a Wall Street Journal article uncovering the fact that short selling played a major role in the current global crisis: Journalists who write about short selling hedge funds fall into three categories. The first category is comprised of a very small number of journalists who have deliberately whitewas...

Banks Eating Each Other Alive -11/24/08 at 1:32 PM CSTby Perry Rod

The Wall Street Journal is reporting that major Wall Street firms placed large bets against Morgan Stanley (MS) using credit-default swaps, two days after Lehman Brothers sought bankruptcy protection. The firms included Merrill Lynch , Citigroup (C) , Deutsche Bank (DB) and UBS, according to the paper. The paper said that a close examination of the ...

Naked Short Sellers Attack Citigroup -11/21/08 at 7:22 PM CSTby Reggie Abaca

America's financial system is a mess and the U.S. Securities and Exchange Commission is to blame. Short sellers, in a concerted effort to defend themselves and abuse the lack of regulation by the SEC, are now targeting Citigroup (C) while our financial journalists, analysts and government regulators continue to do nothing. At Market Rap we've pointed out...

Citigroup Cuts 20% of Workforce -11/17/08 at 10:37 AM CSTby Peter York

50,000 people is a lot of people.  That's 50,000 on top of 20,000 layoffs. Citigroup (C) has cut off approximately 30% of its workforce now amid the economic crisis as cost cutting continues.  The danger of all of it is that this is happening in the crucial holiday period, one week before Thanksgiving.  And it's on top of 5% to 10% cuts byJ...