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Re: Danielle- post# 33856

Tuesday, 07/25/2006 2:58:12 PM

Tuesday, July 25, 2006 2:58:12 PM

Post# of 157300
Justfrank - spend some time over at Bob O'Brien's Sanity Check - everything Danielle states about naked short selling is documented by experts in the field, examination of DTCC records, and admissions by DTCC, etc. It's all there and it's very real. The number of ex-clearing trades (broker to broker)and thus subject to naked shorting abuse is quite substantial -80% I believe. And DTCC considers those trades contractual and not under its purview. There are video presentations, book excerpts, etc. over at the Sanity Check which go into all of the naked short selling in detail, and with facts to back it all up. Just this past week, even the head of the SEC admitted that naked short selling was a serious problem. Finally.

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