Naked short selling -- selling shares without first borrowing them -- effectively creates counterfeit stock that dilutes existing shareholders. Rolling Stone reported that Goldman Sachs and other banks engaged in naked short selling that helped destroy Bear Stearns and Lehman Brothers. The SEC admitted to the problem by banning certain naked short sales during the 2008 crisis. Options market makers like Citadel are exempt from locate requirements, meaning they can legally short shares without finding them first.
Wall Street creates 'phantom shares' through naked short selling -- selling shares that don't exist to crush stock prices
“Wall Street banks are engaging in naked short selling, creating phantom shares that don't exist to artificially depress stock prices and destroy targeted companies.”
📄 The Receipts
⚖️ The Record, Side by Side
What they said vs. what the evidence shows
⏳ The Vindication Timeline
From “crazy” to confirmed
The Claim Is Made
This is the moment they called it crazy.
Confirmed: They Were Right
The truth comes out. Officially documented.
Confirmed: They Were Right
The truth comes out. Officially documented.
📊 How Right We Were
The People Speak(167)
No one's said anything yet. Be the first to drop your take.
Related Claims
PARTIAL📌 Finance & BankingBlackRock/Vanguard #1 investor in 84% of S&P 500 - own competitors
5.9K votes
Dismissed by — CNBC
DISPUTED📌 Finance & BankingSilverstein signed WTC lease with $3.55B terrorism insurance 7 weeks before 9/11
5.7K votes
Dismissed by — Snopes
PROVEN RIGHT📌 Finance & Banking11.5M documents, 12 world leaders exposed - follow-up journalist car-bombed
5.3K votes
PARTIAL📌 Finance & BankingSen. Burr sold $1.7M in stocks after classified COVID briefing while publicly downplaying the virus
5.2K votes
Dismissed by — Sen. Burr spokesperson
PARTIAL📌 Finance & BankingGameStop revealed Wall Street's naked short selling problem -- stocks shorted over 140% of available shares
5.2K votes
Dismissed by — Citadel Securities CEO Ken Griffin
PARTIAL📌 Finance & BankingMembers of Congress consistently beat the stock market -- Nancy Pelosi's trades outperformed hedge funds while she shaped tech regulation
5.1K votes
Dismissed by — Speaker Nancy Pelosi