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goofydrego

11/11/08 12:45 PM

#2761 RE: the cork #2760

When i hear the words naked short selling god i get so pissed off. The hundreds of billions of dollars literally stolen and very very little reprocussions other than few small fines levied. Hedge funds have been able to operate with total impunity as with regards to over leveraging and releveraging plus in cahoots with investment banks who also provide indescretianry information to the hedge funds espeially regarding loans to companies. The continuation of passing failure to delivers form one place to another for months and years on end is just sickening. The past activities for the most part nothing will ever be done about it. I can only hope no we can only hope that the future will bring changes. The laws are in place but need to be enforced. It is estimated that about 10 trillion dollars is out there in leveraged and releveraged funds and who knows how much is unknown at this time and some as high as 30 to 1 ratios. Sorry for venting but so many start up companies that oculd of hired employees and some of them with good ideas all gone up in smoke and taken down by naked short selling. OK im done for now and once again sorry for venting my frustrations.
goofy drego