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Bernard Madoff, the Mafia, and Naked Short Selling
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Quote:Indeed, Madoff seems to have written many of the SEC’s rules. For example, Madoff was the principal author of an SEC rule that exempted market makers (i.e. Madoff) from various regulations governing short sellers (i.e. Madoff’s friends).

It's enough to make you weep. Banking Regulation is like a Star Trek Klingon. It's a charming story that doesn't exist in reality.

I can only add that that "Deep Capture" has opened my already cynical and jaundiced eyes wider than ever before.

Quote:In a clip we didn't use, Dylan likened the ringing of the opening bell on Wall Street to the "off" in a horse race. The anchor's job was to communicate that sense of adrenaline rush to the small investor viewers at home.

A really catching analogy, I thought.
The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14
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Bernard Madoff, the Mafia, and Naked Short Selling - by David Guyatt - 22-01-2009, 10:49 AM

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