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Tuesday, December 12, 2023 12:53:56 PM
“Without the big banks and financial institutions’ complicity, this highly destructive form of naked short selling could never happen. Instead, they actively facilitate the destruction of shareholder value.”
“The reason some big banks allow it, despite their sizable compliance departments, appears quite simple: These illegal transactions are highly lucrative. The short-term windfall profits associated with the creation of counterfeit shares are too tempting to resist.”
https://finance.yahoo.com/news/end-naked-short-selling-230100677.html
"Be fearful when others are greedy, and greedy when others are fearful."
_Warren Buffett
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