
Naked, Short and Greedy
Wall Street's Failure to Deliver
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Narrated by:
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Dr. Susanne Trimbath
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By:
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Susanne Trimbath
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 trying 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), then and still the largest securities depository in the world, 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 failures 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. Shareholder democracy is in shambles. The institutions that were established to correct a problem of trade settlement failures have instead exacerbated the problem. Global financial markets may not survive what comes next.
©2020 Spiramus Press Ltd (P)2022 Spiramus Press LtdListeners also enjoyed...




















Naked Short Selling needs to stop, yesterday.
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Most important investment book ever written
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Getting the heck out of the stock & bond markets seems the best answer as it appears the average invester has no way to invest there safely. Like so many longstanding institutions corruption runs too deep in the financial sector to even know where to start in attempting to repair it. Sad state.
Depth of Knowledge made easy to grasp
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Every investor in the stock market should read this book
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unbelievable content
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If you participate in the stock market, listen to this book!
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Infuriating
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Thank you for all you do and opening up our eyes.
Thanks for the continued fight Dr. T!
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DRS'ing your shares is the only way to make sure
you're not holding the phantom share bag.
Go to we the investors dot org and become part of the grassroots movement to fix the FTD issue.
DRS
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good book, bad recording
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