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Re: RedneckInvestor post# 574

Tuesday, 12/27/2005 8:40:24 PM

Tuesday, December 27, 2005 8:40:24 PM

Post# of 10217
Therein lies the real problem. The general investing public has yet to garner any modicum of understanding about naked shorting and the roles the DTCC and the SEC play. Naked shorting is notnew.Its been growing on us for about 20 years now. It is only the rcenet very major financial scandals involving someof the biggest companies in our country that the spotlot has started showing this fraud for what it is, But shouldn't we really expect that the SEC would not enforce their SGHO regulation. After all should they do so they'd be penalizing the people they used to work for (Wall Street)I wish there were some way to tie the huge year end bonuses handed out by wall street to the amount of naked shorting the firm engages in.
Should the average investor really grab ontonaked shorting it would start the second emancipation in this country.

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