QUOTE(Unrepentant Vandal @ Thu 6th March 2008, 9:42pm)
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I think you have to seperate two things here. The first is that Gary Weiss is basically correct about the naked short seller conspiracy theorists being loons.
yeah, at the risk of appearing to be inflexible and always "on message" here, I have to back up Piperdown and call UV on his imperialism (imperialism being the act of emulating an emperor).
There are loons in every bunch, without exception, pro-market reformers included. I believe you said what you did because Gary Weiss told you it was true.
I would urge you to consider your source.
See, it's no longer a conspiracy theory. It's very much a conspiracy fact. You might consider reading
this:
QUOTE
WASHINGTON, March 4 (Reuters) - The U.S. Securities and Exchange Commission on Tuesday proposed tougher rules to curb so-called "naked" short-selling abuses and prevent market price manipulation.
SEC Chairman Christopher Cox said regulation SHO, an existing rule partly aimed at short selling abuses, "needs teeth."
... Sellers sometimes deliberately fail to deliver securities as part of a scheme to manipulate the stock price.
Got anything else, UV?