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Re: jfkspire post# 107458

Sunday, 05/10/2015 9:41:03 AM

Sunday, May 10, 2015 9:41:03 AM

Post# of 123645
And what defines an MRIB trade as an illegal naked short? Do you know? It wouldn't seem so. What you are suggesting is that there are MRIB rates taking place that don't exist with no record on either the buying or selling end. There are no reported FTDs for MRIB and therefore no naked shorts. And if there was no report of a trade anywhere how would the buyer ever collect his shares. Can't sue his broker because the trade doesn't exist and can't sue the seller because the trade was never recorded. What you are saying simply isn't possible and not worth doing.

Also what you are suggesting would require a significant criminal act involving collusion between two or more parties. Do you really think any broker in his right mind would take such risk for the chump change represented by MRIB? The entire market cap of MRIB is less than half a million dollars. There's no money in it, certainly not for the risk you're implying. There are no MRIB shorts my friend.