July 27, 2008
If you are truly serious about stopping "naked short-selling" then please investigate the short selling which existed during the approximate 17 months which have passed since Sirius and XM agreed to merge.
With respect to Sirius, nothing regarding its fundamentals should justify its decline in price. It has been the fastest growing technology company in the history of the United States. It is obvious that naked short selling was used to manipulate the stock price.
If you are truly serious about cleaning up Wall Street abuse, then I suggest you start here. Anywhere else to me would be grandstanding and nothing will ever change.
Leonard Mazzarisi, Esq.