DISQUS

The New Ledger: Matt Taibbi and John Carney on Naked Short Selling

  • Zulu75 · 2 months ago
    Naked short selling is a far cry from short selling, John Garney. Do not intertwine the issues. As the useless regulator, Chris Cox, said, "Naked short selling is a particularly pernicious form of fraud." Former Treas. Sec. Paulson said on CNBC, "naked short selling is wrong, anywhere and anytime." And, as former SEC head Donaldson famously said when discussing NSS, "How much fraud are you willing to accept in the name of liquidity?"