Posted by: Jim Bishop
In reply to: lancebps who wrote msg# 67546 Date:4/1/2005 9:17:16 AM
Post #of 67624
CBS “60 Minutes” to Air Story on Naked Shorting
New York, Friday April 1, 2005
CBS News today announced that this coming Sunday, April 3rd, their flagship news magazine “60 Minutes” will air an expose of what has been called “the biggest financial scam in the history of the world” — the campaign against naked short selling.
Roger de Minimis, acting head of CBS News, said, “Our close friends at the National Association of Freedom Funds have convinced us that we are the news organization with the credulity and appropriate level of integrity to air a story about this issue.”
CBS News confirmed that it has filmed hundreds of hours of explosive footage with informed figures such as SEC Chairman William Donaldson, NY Attorney General Eliot Spitzer and DTCC Deputy General Counsel Larry W. Byrd, which will “blow the lid off” the murky figures behind the campaign against naked shorting.
Veteran CBS news anchor Dan Rather will return to host the special segment, and has personally verified all the source documents for this story. Said Rather, “Once the truth gets out, this thing is going to come crashing down faster than a drunken hooker up a hickory tree.”
The impact of this story is hard to predict, but the markets could be in for a “Black Monday” if the Sunday broadcast lives up to the expectations of some experts. Officials at the Pink Sheets Exchange, where many stocks involved in the scandal are traded, say that they have circuit breakers, buckets and other mechanisms in place to avoid a “total melt-down situation.”
©2005 freedomfunds.net All rights reserved. All materials are for the local, private, non-commercial use of our audience. Any reproduction, transmission, re-transmission, emission, copying, cutting, pasting, posting, re-posting, or re-iteration is strictly prohibited.