Matt Taibbi for Rolling Stone—in 2010:

Wall Street has turned the economy into a giant asset-stripping scheme, one whose purpose is to suck the last bits of meat from the carcass of the middle class.

A very long read1 delving into the counterfeit shares tactic (or naked short selling) that played a role in the 2008 financial crisis—and the same scheme that set off the GameStop brouhaha. It heavily suggests a coordinated attack on both Bear Stearns and Lehman Brothers. Those practices never stopped. Now, “CIBC, Bank of America, UBS and TD Bank stand accused of coordinating “abusive” naked short selling.” Brazen.


  1. Because the linked version has several duplicate paragraphs, this is an edited PDF.