It is a myth, jimmy, at least as portrayed by the cult who claim that concerted and widespread naked shorting has driven thousands of companies into bankruptcy. Certainly some brokers probably violate locate requirements from time to time, but the overall "problem" of fails to deliver is trivial and transient.
Have you ever bothered to read the basic data on this issue? Do you even know what the average dollar value of all T+4 and greater fails for all exchange traded and OTC stocks is, or how much of that volume represents short sales versus other types of fails?
For someone who seems to feel strongly about this pseudo-issue, you seem remarkably uninformed as to the basics.
Tashkent Basher Drop-box.
![](//www.i5.photobucket.com/albums/y159/asdfa0/tashkent.jpg)