If you don’t, you should check out this short Bloomberg documentary (25 minutes) on this practice.

I was totally unaware of these sham deals that essentially amount to the sale of non-existent stock shares in US markets, all brokered through the nation’s biggest trading houses. I was also unaware that $6 billion worth of transactions on our stock exchanges “fail” everyday, meaning the purchased stock is never delivered.

It is good to know that I am not so jaded as to be above shock and dismay. This really makes me want to dump some money on the market.