PHI Group Inc (PHIL): Naked shorting didn't really have an...

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Re: Doubledown75 post# 58789

Monday, 05/10/2021 9:03:25 AM

Monday, May 10, 2021 9:03:25 AM

Naked shorting didn't really have anything to do with the collapse of Bear Stearns. Stearns was heavily invested in asset-backed securities (and actually increased their exposure to them when things started going bad), in this case mortgage-baked assets that ultimately led to the sub-prime mortgage crisis.

And ALOT of failures led up to the sub-prime mortgage crisis.

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