Video
Listing
Dr. Susanne Trimbath, Ph.D. appears in the upcoming documentary Stock Shock! This film, available on DVD in June, tells the story of SiriusXM, the company with a virtual monopoly on satellite radio, 19 million subscribers, $2.5 billion in annual revenue – and a 5 cent share price! It’s a case study on how investors and entrepreneurs are being damaged by stock market manipulators.
See the trailer at stockshockmovie.com.
Kiwanis "State of the Economy" speech , January 29, 2009
Nebraska Ribbon Cutting, January 29, 2009
Audio
Listing
The following have embedded links to audio files on the web
with quotes from Susanne Trimbath.
Money Talks with Jerry Slusiewicz: Susanne Trimbath interviewed November 2, 2009. Internet Radio KBZNZ. Why is lending contracting after the big bank bailouts? Were the bank bailouts necessary? What should have been done differently and what should be done today? What should investors do now to protect their portfolios in 2010? Listen to full interview here (about 28 minutes).
Beyond the Sound Bite Vinnie Catalano of Blue Marble Research interviewed Dr. Trimbath on September 9, 2009 to get her outlook on the US and global economy. The interview includes her views on the “virtuous circle” of savings and investment, the risks inherent in the Fed's strategy to exit their infusion of trillions of dollars into global capital markets, the key consequences of financial innovation, and the next global financial crisis: public debt. Listen to Beyond the Sound Bite podcast
Naked, Short & Greedy: Is Wall Street Abusing the Practice of Short Selling Stocks?, Los Angeles, CA, October 19, 2006. Panel discussion presented by STP Advisory Services, LLC.
City
of Santa Monica Planning Commission Meeting, Wednesday July 6,
2005
Item 12-A. Presentation by Susanne Trimbath, PhD, regarding the interrelatedness
of housing, jobs and transportation with consideration to the City's ongoing
effort with the Shape the Future 2025 and Motion by the Ocean project. Requested
by Commission Pugh.
VOICE OF AMERICA
NATIONAL PUBLIC
RADIO
Interviews
Trimbath Quoted In Rolling Stone Magazine
Dr. Trimbath was quoted several times in Matt Taibbi’s article “Wall Street’s Naked Swindle.” In this latest piece for Rolling Stone magazine, Taibbi breaks down the role of short selling and settlement failures in financial crises. The problem of delivery failures at trade settlement is pervasive across security types, including US Treasuries. Dr. Trimbath is using her travel grant from British Airways to further research on this subject. Her commentaries on the problem of unsettled trades in US bond markets has remained popular throughout the past year at NewGeography.com. In September, the Journal of Accounting and Organization Change published her commentary on stock lending and corporate governance. Read Matt Taibbi’s Rolling Stone article
Financial Sense Newshour
Dr. Susanne Trimbath was a guest on Financial Sense Newshour discussing the new movie Stock Shock , along with the director Sandra Mohr . The movie exemplifies some issues raised by Dr. Trimbath over the last 5 years about the failure of regulatory enforcement for settling financial trades. The problem affects U.S. corporations, investors and capital markets, putting our financial system at risk. Listen to the interview
Quotations
MORE QUOTES
BY SUSANNE
"They're making the payments without complaint, - - So they're making the money somewhere else."
--Susanne Trimbath, Chief Economist commenting on the hedge funds, banks and brokers involved that are willing to pay 'dividends' for shares that do not exist.
Rolling Stone Magazine
October 15, 2009
"What the transfer agents saw, when corporate votes came up, was that they were getting more votes than there were shares"
--Susanne Trimbath, Chief Economist
Rolling Stone Magazine
October 15, 2009
"There's no accounting for share ownership around short sales, and because of that, there are multiple owners assigned to one share."
--Susanne Trimbath, Chief Economist
Rolling Stone Magazine
October 15, 2009
"I personally went to senior management at DTC in 1993 and presented them with this issue - -and their attitude was, 'We spill more than that.'"
--Susanne Trimbath, Chief Economist referring to the lack of hard rules forcing short-sellers to deliver shares, making it possible for unscrupulous traders to manipulate a corporate vote.
Rolling Stone Magazine
October 15, 2009
"It was like someone figured out how to aim and fire the Death Star in Star Wars."
--Susanne Trimbath, Chief Economist referring to when she realized someone outside the DTC had seized control of a financial weapon of mass destruction (naked short selling).
Rolling Stone Magazine
October 15, 2009
"Naked short-selling of stocks is nothing compared to what goes on in the bond market."
--Susanne Trimbath, Chief Economist
Rolling Stone Magazine
October 15, 2009
“Naked short sellers don’t borrow before trading -- a practice that becomes evident once the stock isn’t delivered. Such trades can generate unlimited sell orders, overwhelming buyers and driving down prices.”
-- Susanne Trimbath, Chief Economist
Bloomberg.com
March 29, 2009
“Failing to deliver is like issuing new stock in a company without its permission. You increase the number of shares circulating in the market, and that devalues a stock. The same thing happens to a currency when a government prints more of it.”
-- Susanne Trimbath, Chief Economist
Bloomberg.com
March 29, 2009
“You can’t have millions of shares fail to deliver and say, ‘Oops, my dog ate my certificates’.”
-- Susanne Trimbath, Chief Economist
Bloomberg.com
March 29, 2009
"This issue has gone unanswered for years. What is going on is simple stealing. We don’t need new laws against that, we already have them."
-- Susanne Trimbath, CEO and Chief Economist, commenting on fails to deliver (unsettled trades) in US Treasuries
Euromoney Magazine
December 2008
"It shouldn’t take a PhD-trained economist to tell you that prices are set where supply equals demand. If a dealer can sell an infinite supply of bonds then the price is, technically speaking, baloney. And the resulting field of play cannot be called a market."
-- Susanne Trimbath, CEO and Chief Economist
Euromoney Magazine
December 2008
"Susanne Trimbath, chief executive and chief economist of California-based STP Advisory Services, calculated that FTDs in the U.S. equity market cost investors $2 million daily in lost earnings last year."
-- Susanne Trimbath, CEO and Chief Economist
Washington Post.com
August 18, 2008
"The increase in fails ‘represents a massive failure in the settlement system,’ says Susanne Trimbath, CEO and chief economist with STP Advisory Services in Santa Monica, Calif. ‘It undermines the integrity of the markets’ to have so many phantom shares involved in transactions."
-- Susanne Trimbath, CEO and Chief Economist
IA Week
September 22, 2008
"If a broker-dealer won’t tolerate a customer’s late delivery, why then should the broker-dealer be allowed to fail delivery for weeks and months on end? … It’s clearly criminal, and the system supports it."
-- Susanne Trimbath, CEO and Chief Economist
Equities Magazine
Summer, 2008
"'Who wants to buy what they're not going to get?’ said Susanne Trimbath … [S]he estimated that based on failure rates in 2007 and 2008, the cost to investors from failed deliveries is about $7 billion annually."
-- Susanne Trimbath, CEO and Chief Economist
Investment News
October 19, 2008
"Although borrowing may not be the best way to handle a budget deficit, it's better than what we've been doing until now, which is nothing."
-- Susanne Trimbath, Chief Economist, in a commentary about California Gov. Arnold Schwarzenegger's proposal to borrow $15 billion to close the state's budget deficit
Los Angeles Times,
December 4, 2003
"There are other sources of revenue for earthquakes and terrorists attacks. But, if you [as a state] mess up, you mess up on your own."
-- Susanne Trimbath, Chief Economist, on plans to sell bonds to help close California's budget deficit
The Bond Buyer
November 21, 2003
"It could take four years to replace homes that have been
destroyed because it's not possible to simply ratchet up supply."
-- Susanne Trimbath, Chief Economist, speaking on the Southern
California fires
Riverside Press-Enterprise
November 6, 2003
"World trade isn't perfect; if it were, we wouldn't have the WTO trying to fix it."
-- Susanne Trimbath, Chief Economist
San Francisco Chronicle
September 5, 2003
"Until we start thinking outside of our four walls, home prices won't stabilize any time soon."
-- Susanne Trimbath, Chief Economist
"Marketplace" radio
August 19, 2003
"If you can get a mortgage for 5 percent and the prices go up 7 percent,
you're ahead of the game. This is very simple. If you can afford to buy,
it's very difficult – though not impossible – to get hurt."
-- Susanne Trimbath, Chief Economist
San Diego Union -Tribune
August 3, 2003
"In the state of California, we create 150,000 more jobs than homes every year; that's why we have a housing shortage."
-- Susanne Trimbath, Chief Economist
Sacramento Bee
June 29, 2003
"Every imaginable initiative is available to increase demand for housing,
but every imaginable roadblock is in place to restrict supply. Until that
changes, housing prices will continue to rise."
-- Susanne Trimbath, Chief Economist
Los Angeles Times Opinion Page
July 20, 2003
"The price they look at is not the price of the home, it's the price
of the mortgage."
-- Susanne Trimbath, Research Economist, commenting on why people
are still buying homes in California despite escalating prices
Los Angeles Times
April 23, 2003
"The settlement had to be forced. I don't think one side won and one
side lost."
-- Susanne Trimbath, Research Economist, speaking about the West
Coast dockworkers' labor settlement.
Los Angeles Business Journal
January 6, 2003
