Naked, Short and Greedy
by Susanne Trimbath · first published 2019
7mentions
2recommended by
3HN commenters
2021–2025first – last mentioned
67% recommend33% neutral
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I understand. I found it mind blowing and unbelievable too at first. I can recommend this book: Naked, Short and Greedy: Wall Street's Failure to Deliver (2020) Susanne Trimbath It's full of examples and evidence from someone who has worked at the SEC.
on “Adventures in algorithmic trading on the Runescape Grand Exchange” ↗…participants. But that's a lottt of work, I hope this triggers people's curiosity. https://www.sec.gov/files/litigation/admin/2025/34-102170.pd... A more general one about how the markets (don't) work: Naked, Short and Greedy Wall Street's Failure to Deliver - Susanne Trimbath (book)
on “Market Structure Primer (2019)” ↗…delivered. AKA: they take your money when you buy a stock, it appears in your account, but they didn't actually deliver anything. Then look up how many of those happen daily in any US stock. Or read up here: Naked, Short and Greedy: Wall Street's Failure to Deliver by Susanne Trimbath
on “Germany and Italy pressed to bring $245B of gold home from US” ↗Yes counterfeit stock trading by RH is a conspiracy. But the fact that it happens in the US is not really a conspiracy as it has been documented quite thoroughly. A source/book about it is "Naked short and greedy". Internalizing trades however is less of a conspiracy. Almost all US brokers do this or offer this trade routing option. Here's the head of the SEC stating that almost all retail market orders on any…
on “Robinhood lays off 23% of staff” ↗We already have a fallout in Archegos and Credit Suisse doing risky stuff (fraud TBD in court). With an exemption from the Fed on reserve levels over the last year, I'm betting those weren't isolated events and more banks have been very naughty. Here's a documentary about naked short selling and failures to deliver if you're interested: https://www.youtube.com/watch?v=Kpyhnmd-ZbU Here's an econo
on “GameStop CEO gets 170M-payday after Reddit market frenzy” ↗…for experts to correct any errors, red herrings, or misinformation in the community’s DD, which hadn’t already been picked up by other users. Here’s one with Dr Susanne Trimbath, author of the book “Naked, Short and Greedy: Wall Street’s Failure to Deliver”. Her many other qualifications can be found in the video description: https://youtu.be/fGVY2Kco8ng
on “Stonks Are What You Can Get Away With: NFTs and Financial Nihilism” ↗…the reference to synthetics, because it is indeed a conspiracy/speculation (there can't really be evidence for it even if it's true). Though it has happened in the past and has been documented. Source: "Naked short and greedy" book. There are some more hints though for the whole synthetics conspiracy ongoing. The most recent one, going on right now, being the GameStop stock split through stock dividend failing in Germany,…
on “Robinhood lays off 23% of staff” ↗