Finance Geek

"Naked short selling issue” was a phoney issue – promoted by flim flams, stock promoters and other market slime-bags invented a problem which did not exist but helped them to promote their stock or justify the failure of their own businesses. The idea was that “miscreant” short sellers sold stock that they did not own in order to drive down the stock price and drive the company out of business. Bloomberg (and others) have taken the idea seriously. Gary Weiss has done a great job on his blog of exposing the slime-bag proponents of the imaginary naked short selling problem for what they are (which is usually crooks)."

The Silly War On Naked Shorting Is Costing Investors Billions