Ben explains the BSC scenario very well but perhaps he is not aware of the fact that 90% of the alleged naked short selling took place after BSC had opened at 3.18 on March 17,2008.

Unless someone wants to hold the view that the short sales after the collapse caused the collapse, the naked short sellers did not cause the BSC collapse.

..End of Story.

Here is another article related to the Rolling Stone Article by Matt

http://www.forex.in.rs/news/2009/10/rolling-sto...

Rolling Stone Interviews Cast Member of Financial Film "Stock Shock-The Short Selling of the American Dream"

Former DTCC operations manager and star of "Stock Shock" Susanne Trimbath is interviewed by Matt Taibbi for his latest article in Rolling Stone. She blows the whistle on the world's largest central depository by revealing that she warned them 15 years ago of an impending financial crisis.


New York, NY -- Rolling Stone's own Matt Taibbi interviewed industry expert Susanne Trimbath, Chief Economist at STP Advisory Services, LLC in Omaha, for his latest article in the magazine article about financial corruption. The piece spotlights naked short selling and fall of Bear Stearns and Lehman Brothers.

In his new article, Trimbath tells Taibbi the story of how, in 1993, she tried to get senior management at the world's largest central depository (Depository Trust Company) to stop allowing shares of stock in US companies to be multiplied through stock lending and excessive short selling. "You can't balance the world," was the response she got from regulators. She contends this is because "Wall Street is self-regulated and they don't want to write regulations against themselves." By 2003, the size of the problem had increased ten-fold; by 2008 it contributed to the collapse of major financial institutions and the global financial crisis.

Trimbath is also featured in the financial film, "Stock Shock: The Short Selling of the American Dream" which documents the alleged massive short selling of Sirius XM radio stock. Sirius XM stock sank to five cents per share earlier this year. In the film, she explains in great detail the process of naked short selling and the impact failed trades have on shareholders and the American economy.

"Stock Shock" was recently released on DVD and has received good reviews. The movie trailer can be seen at www.stockshockmovie.com.