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PanicButton

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PanicButton

Re: fourkids_9pets post# 4444

Saturday, 02/07/2009 10:17:50 PM

Saturday, February 07, 2009 10:17:50 PM

Post# of 13381
By its actions to date, the SEC has chosen short sellers, particularly naked short sellers, to be winners in the markets by permitting extraordinary capabilities to sell shares without delivering them. SEC has justified its actions as necessary to prevent short-sellers here from suffering the fates of those who sold VW short.

And all along I thought that naked short selling was illegal. Now I'm really confused. What exactly is the role of the SEC again?

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