So a published author on the topic of naked shorts is wrong, eh?
She states: "there cannot be a margin call on a naked short position because there is no actual share loan. The trade can remain unsettled indefinitely."
Dr. Susanne Trimbath who wrote: Naked, Short and Greedy: Wall Street's Failure to Deliver has pretty good credentials!
Bah, what does she know about naked shorts? Oh right... everything!
Susanne Trimbath holds a Ph.D. in Economics from New York University and received her MBA from Golden Gate University. Prior to forming STP Advisory Services, Dr. Trimbath was Senior Research Economist in Capital Studies at Milken Institute (Santa Monica, CA) and Senior Advisor on the Russian Capital Markets Project (USAID-funded) with KPMG in Moscow and St. Petersburg. She previously served as a manager in operations at Depository Trust Company in New York and the Pacific Clearing Corporation in San Francisco; she started her career in financial services operations at the Federal Reserve Bank of San Francisco. Since 1989, Dr. Trimbath has taught economics and finance in university graduate and undergraduate programs as adjunct, associate and full-time professor. In 2009, she was certified to teach in the distance-learning environment by both Bellevue University (Nebraska) and University of Liverpool (UK, by Laureate International, Amsterdam). Dr. Trimbath helped create the Transportation Performance Index for the U.S. Chamber of Commerce (Washington, D.C.) which she used to demonstrate the real economic payoff of investments in infrastructure.
Dr. Trimbath authored, edited and contributed chapters to five books, including Mergers and Efficiency (2002), Beyond Junk Bonds (2003), and Methodological Issues in Accounting Research (2006). Her media credits include appearances on national television and radio programs (CNBC’s Power Lunch and NPR’s Marketplace) and the Emmy® Award-nominated Bloomberg report Phantom Shares. She appeared in several documentaries on capital market corruption and the financial crisis including Radio Wars: The Secret History of Sirius-XM Satellite Radio (2012), nominated for Best Documentary by the New York City International Film Festival. Dr. Trimbath’s articles appear in the national publications US Banker, The International Economy, and The American Enterprise in addition to academic, peer-reviewed journals. Dr. Trimbath is a contributing editor at NewGeography.com.