Goldman Sachs Internal Memo (Yesterday): “Easy to Borrow List to be Discontinued”
Patrick Byrne
DeepCapture, 23 July 2015
My battle with Wall Street started off as a fight regarding slop in the settlement system and how it could be used to rig the stock market (the battle later expanded into other areas, including organized crime, economic warfare, and what I felt was an insufficiently proactive regulatory environment, the latter of which, I am happy to say, is showing signs of real improvement). For a decade I have asserted that one of the sources of that slop has been the system that governs short selling. One of the sources of that slop has concerned how hedge funds locate stock to short sell. And one form of that slop originates in the “Easy to Borrow List” that prime brokerages put out each day.
Comment: Goldman stopped but everyone else still does it.
