[ding_dong_daddy_from_dumas]

Thanks Dennis.

At first I was confused about your link. Right now the top article there contains a defense of Obama (Taibbi can't understand what's wrong with Obama bad-mouthing America all over the world.)

I am guessing that you meant to post the following link in which Taibbi demonstrates a trading terminal doing naked short selling:

Caught On Tape: A Naked Swindle

[stephenjohnbanker]

Caught On Tape: A Naked Swindle

I don’t know this guy, he may be a lefty, but this article is spot on the money.

[dennisw]

that was the one :)

[FromLori]

Taibbi was taken for a ride with that video

http://www.economicpolicyjournal.com/2009/10/matt-taibbi-reports-on-naked-short.html

[TopQuark]

So, what information is being carried out here? That it is easy to borrow shares? It is indeed too easy, but whom to blame? As I said earlier, he presents naked short-selling as a conspiracy to rob "The American People."

If's merely a loophole. If anything, it points to the failure of the GOVERNMENT regulation. All those people who run to the gov't for the rescue should stop and think, not about Golmans and Morgans, but about where on Earth will teh government get that perfect regulation?

Regulation has unintended consequence, and naked short-selling is one of them. That's all. So much for conspiracy to rob the "people." (Even that si wrong: profits from short-selling, as any other profit, accrue to shareholders, which ARE the people).