June 29, 2009
Naked short selling is the next catastrophy for our financial system. The pressure is building for millions of investors. Many of which who have sworn off investing because it is rigged. It is rigged not by con artists or theives. But, Congress who has given the SEC no avenue to go after and prosecute these Hedge Funds that have corrupted the free market by selling shares in companies they don't own. And when the company goes under all evidence of their theft is destroyed. The SEC needs to step up to the plate and tell congress that they have failed to provide the fairness that is required at ALL levels in the financial system. This needs to be your number one priority. If this is not addressed then I fear for the security of this country.
Respectfully,
Stephen