It doesn't exist, as originally described, christopher. The get shorty crowd is simply trying to reframe the debate.
How soon you forget. Naked shorting was about evil mm's deciding to (for unknown reasons) target microcap stocks and manipulate their price downward by massive and continuous naked shorting, driving the price to zero if possible. Remember? Burrell even claimed that over 7,000 companies had been driven into bankruptcy by the practice since 2,000 alone. (never mind that when he made that claim the total number of BB and Stink Sheet bankruptcies numbered less than a bakers dozen, and the total number of all public company bankruptcies-most of which were reorganization rather than liquidation-was around 300.
The latest claims, however, are allegations that Brokers are playing fast and loose with locate requirements in order to earn more money from stock lending to hedge funds. That's probably a bad thing, and they should be nailed for it, but it's not related to the claims of the wing nut conspiracy theorists like "the bunny," who is unable to even interpret basic data.
Nevertheless, it will be interesting to see the court documents if this suit makes it to discovery. I can guarantee you won't find the ScamWire 100 in them.
Tashkent Basher Drop-box.
