Quote Originally Posted by bourbon View Post
Wall Street's Naked Swindle: A scheme to flood the market with counterfeit stocks helped kill Bear Stearns and Lehman Brothers — and the feds have yet to bust the culprits, by Matt Taibbi. Rolling Stone, Oct 14, 2009.
Many of the methods that outsiders used to knock them over were mostly legal: Credit markers were pulled, rumors were spread through the media
That's legal (or mostly legal)? I thought people had gone to jail for that - usually related to sending out junk emails that hype up a stock and then immediately selling it after the hype results in the stock price being inflated.