"Naked short-selling is wrong and it takes the marketplace and turns it into a casino," such as...

|By:, SA News Editor

"Naked short-selling is wrong and it takes the marketplace and turns it into a casino," such as what happened during the flash crash, CoreStates's Bill Spiropoulos says. But Brad DeLong says it's a close call but OK because "people with money are willing to put it on the line to back their predictions and... minimize the chances of disruption of the web of trust."