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Tuesday, March 13, 2007 9:08:31 AM
By Mark Faulk
March 12, 2007
It’s been almost two years since NBC’s Dateline caved in to corporate and/or
political pressure and delayed their own expose’ on naked short selling, or
stock counterfeiting, then aired a segment which this reporter <a href=
http://www.faulkingtruth.com/Articles/Investing101/1037.html>described</a> as:
“the most irrelevant piece of fluff ever aired in the history of television. It
would be the equivalent of spending a year putting together a documentary on the
Watergate scandal, and then editing it down to a ten minute piece about Nixon's
dog Checkers.”
Now, Bloomberg Television, is airing a half-hour special report that will
hopefully cover the issues that Dateline didn’t have the balls to tackle.
Entitled “Phantom Shares,” it airs tomorrow, Tuesday, March 13, at 7:00pm,
9:00pm, and 10:00pm EST.
This is how the network describes the groundbreaking event on their website:
Millions of shares of stock are being sold that may not exist. How? Through an
obscure trading strategy known as naked short selling. Bloomberg Television's
Special Report hosted by Mike Schneider explains what the strategy is, how it's
executed, which companies are targets, and what the SEC is trying to do to
control it.
This one should be well worth watching, and can be accessed on the internet at:
http://www.bloomberg.com/tvradio/tv/index.html
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