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Re: pontalba post# 259401

Monday, 09/15/2008 2:29:46 PM

Monday, September 15, 2008 2:29:46 PM

Post# of 358439
Naked short-sellers may have no shame, but they're about to take a fall. Chairman Christopher Cox of the U.S. Securities and Exchange Commission told the Senate on Tuesday that he will issue an order creating measures to curb the practice of selling short stock in major American financial firms without borrowing the requisite shares.

The practice of naked short selling is already illegal, but the rules are widely flouted and are not subject to much oversight.

http://www.forbes.com/2008/07/15/bernanke-cox-update-markets-econ-cx_md_0715markets27.html

MYTH HUH...

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