April 27, 2009
Naked shorting is the biggest problem. All naked shares should be forced to cover as soon as possible.
If this problem is not fixed, Wallstreet will be in toilet soon. People will never believe there is such thing as investment. Investment is only an alternative name for feeding the criminals.
Give you an example, LDK solar (ticker-LDK) has always been naked shorted, and rountinely manipulated for years, SEC need to look into the matter As just published, there are 15 million shares short sold, with 33 million floating shares.