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[–]Jacinda 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (0 children)

Various people are suggesting one of the reasons the industry has been so determined not to let the public profit from GME is that Wall Street has been caught counterfeiting shares which (like counterfeiting money) is extremely illegal and would mean that, if prosecuted, some major industry players would be on the hook.

Counterfeiting Stock:

Illegal naked shorting and stock manipulation are two of Wall Street's deep, dark secrets. These practices have been around for decades and have resulted in trillions of dollars being fleeced from the American public by Wall Street. In the process, many emerging companies have been put out of business. This report will explain the magnitude of this problem, how it happens, why it has been covered up and how short sellers attack a company. It will also show how all of the participants; the short hedge funds, the prime brokers and the Depository Trust Clearing Corp. (DTCC)—make unconscionable profits while the fleecing of the small American investor continues unabated.

Why is This Important? This problem affects the investing public. Whether invested directly in the stock market or in mutual funds, IRAs, retirement or pension plans that hold stock — it touches the majority of Americans. The participants in this fraud, which, when fully exposed, will make Enron look like child's play, have been very successful in maintaining a veil of secrecy and impenetrability.

Congress and the SEC have unknowingly (?) helped keep the closet door closed. The public rarely knows when its pocket is being picked as unexplained drops in stock price get chalked up to “market forces” when they are often market manipulations. [Cont...]

This and further evidence was detailed in a WSB post yesterday that laid out the fraud. It made it to the front page of Reddit; and would have been seen by hundreds and thousands of people, including anyone who was on WSB at the time, as well as members of the MSM where on the site. Wall Street's crimes are well known, whether anyone will do anything about them is another matter.