July 25, 2008
To U.S. Securities and Exchange:
Naked shorting should be banned since it is effecting a wide range of stocks in a negative manner. Someone or some financial interest with unlimited capital can keep shorting a stock until the stock is worthless. At present there is a huge amount of cash being used to short stocks. Naked shorting seems to be out of control and it is time the U.S.Securities and Exchange puts a stop to such trading.