while i dont doubt the accuracy of some of the claims. The complete ignorance or possibly malicious lies spread within this article
http://www.projectcensored.org/censored_2006/#18 leads me to doubt the credibility of alot of the claims on that website. since this article is the only one i really have a clue about.
if the people wrote this project censored list had a clue, theyd probably point out the administration's failure to enforce more conservative accounting methods upon reporting issuers as a legitimate problem. specficially the ability of companies not to include stock option compensation on the expense portion of their balance sheet. As well as numerous other accounting practices which allow companies to mislead investors. Instead they focus on somehting it seems they have little knowledge about, how its done or what its effects are. Most of the people who try and manipulate stock prices by short selling get burnt, it almost always fails, and their claims about naked shorting robbing the economy of liquidity, innovation, or start up companies of capital is bullshit. once stock begins trading in the secondary market, where the majority of short selling takes place(maybe all, im not sure if you can short an IPO), the value of the stock has no affect on the actual financial performance of the company, in fact its the financial performance of the company that determines the stock value, among other factors.
but i guess dubious conspiracy theories are alot more entertaining to read about then the depressing and easily remedied reality.
Jan 30, 06
