October 18, 2008
CMKX shareholders have been waiting for 4-5 years for you to do something about naked short selling. That's an awfully long time. During that time, your position on the problem has gone from "NSS doesn't exist" to "NSS is very dangerous to the financial system." Of course, in your view, it's only dangerous when it affects your friends at the investment banks.
Naked short selling is selling something you don't own. That's counterfeiting. It's as simple as that. No matter how many comment sessions you have to drag it out, even you're able to do it for another 4-5 years, it'll always be a travesty against the ordinary shareholder. And you'll all be judged harshly by history for not helping the ordinary shareholder. I assume the kickbacks and future job offers you receive from your friends at the investment banks, hedge funds, and other Wall Street criminals will soothe your conscience.
Why don't you just try doing the right thing once. You might find that it makes even you happy to see some justice done to the crooks who have destroyed our markets.
And while you're at it, why not pay the appropriate reparations to the CMKX shareholders who have been waiting all these years for justice. Along with RICO provisions.