Naked Short Selling Exposed

[fung_derf]

I don't know how I even ended up on this board, but you are incorrect about how naked shorting works and the need for hedge funds to cover.
However, my question to you is, ....if you think the whole system is corrupt, why would you put a single dollar in it? If someone opened a casino with a rigged Big Wheel, would you play it anyway?
"market" makers (you said money makers but I assume it was merely a mistake), are required to provide shares in order to have market flow. If they didn't, you'd complain you couldn't ever get your orders filled. However, they do have to cover their "naked" position in a timely manner.
I do agree that giving Hedge Funds the same status as a brokerage house does at times allow them to drive a stock price down, but blame the removal of the uptick rule for this....and I believe it was Christopher Cox's fault