fxtrader07

David Einhorn: The Irony of It All

@raj24: you are a bit naive, to put it mildly. there are -legitimate- short positions utilizing borrowed shares. And there are illegal naked short positions where millions of shares are sold but never borrowed or delivered. talk about selling stuff and never delivering it! Impossible anywhere - except at the world#s premier stock exchanges and capital markets. And possible only because the big IBs run the Clearing coproration and conbtrol the SEC which truned a blind eye towards it. recently, they admitted the problem, though. But said it cannot be fixed because essentially, it is 'too large'! Think about that! The SEC refuses to fix the naked shorting crime because it fears explosions in stock prices for those companies that have been the major victims! Rather let companies die than naked short sellers (hedgefunds, IBs etc) welcome to the rigged reality of u.s. stock markets.
read the deepcapture.com blog for a contrarian viewpoint.

and, btw: to disclose short positions similar to the disclosure requirements for long positions is so legitimate and obvious, it should make you think why this hasn't been implemented?