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Post# of 15261
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Tuesday, 03/13/2007 8:09:45 PM

Tuesday, March 13, 2007 8:09:45 PM

Post# of 15261
An attorney (I don't remember his name) that has successfully won billions in court through class action suits said, "You will receive more fairness in Las Vegas or Reno than on the stock market.

Overstock was used as an example of having 3.8 million in failed short settlements.

Over 6 billion in failed short settlements every day.

Over 1,000 companies were run out of business before the SHO list started.

The main problem with the SHO list is that naked shorts only need to cover after failure but then it's too late. In the final analysis the people being interviewed said that under the present laws short selling will continue with the SEC being able to do very little to control it.

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