Subject: File No. S7-19-07
From: mike e taillefer

July 15, 2008

so you got egg on your face.

lets see, 10 years ago you said naked shorting was a fallacy. then 6 years ago you said it was not a problem, lol, then 4 years ago you started to look into it to see if it was, rotflmao. a few days ago you reopened sho for comments,(can't hardly help but wet my pants)and today you panicked and said you were trying to stop it, i assume before the crooks take down fanny mae and co.

so why not just stop it.
btw, it will be hard to say naked shorting is not a problem now.