WaMu CNS FTDs: Q2 2004 to Q2 2008

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This was sent to me by a guy working on the naked short selling issue, who we peripherally work with. This graph, to me, shows the problem of naked shorting at its root: as a company goes down, hedge funds piled on shorts in illegal trading. FTD's are fails to deliver: generally naked shorts. CNS is continuous net settlement, the system we use through the DTCC to settle trades, and the system which has allowed the continuation of naked short selling, and its abuse of the system.

Washington Mutual, Inc. (NYSE: WM) CNS FTDs: January 2, 2004 to June 30, 2008


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