Mike The rule that allows MM to naked short sto
Post# of 96879
The rule that allows MM to naked short stocks using the theory that they were "Making Markets" was/is referred to as the Madoff Rule:
The main argument against the idea that naked short selling is a problem is based on the fact that it is already illegal (with a few exemptions, one being proposed by and named after Bernie Madoff and the other an allowance for Sharia Compliant Finance). Surely, if this were a problem, the SEC would have already addressed it. This argument falls apart for three reasons, one of which is a recent news item:
Read the whole article from which the above paragraph was quoted:
https://globaleconomicwarfare.com/2012/02/yes...l-problem/
And then read a following article:
https://globaleconomicwarfare.com/2012/07/mad...ked-short/
Y'all need to go back and read the Deep Capture series about who these naked shorters really are and to what extent they are willing to go to destroy you (murder is not out of the question).
Pay attention to Alans record of Naked Short Creationism. Every day that goes by they create more, and it is impossible that they are finding opportunities to reverse course and step away from their exposure. The Skull and Cross Bones are just a part of their game designed to limit the desire to allow buying; making it easier to walk the share price down day after day.
By the way - now that you know about Bernie Madoff's Rule - would you consider it possible that Bernies meltdown came about due to one of his shorts coming back to bite his ass bigtime?
Paul