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Socialist Progressives

Demeter

(85,373 posts)

2. The Tide Has Turned, and Now, We get to see who is swimming naked

Reply to no more banksters (Original post)

Sun Feb 1, 2015, 02:35 PM

Feb 2015

Naked--shorts--naked shorts, get it?

The illegal practice of short selling shares that have not been affirmatively determined to exist. Ordinarily, traders must borrow a stock, or determine that it can be borrowed, before they sell it short. But due to various loopholes in the rules and discrepancies between paper and electronic trading systems, naked shorting continues to happen.

While no exact system of measurement exists, most point to the level of trades that fail to deliver from the seller to the buyer within the mandatory three-day stock settlement period as evidence of naked shorting. Naked shorts may represent a major portion of these failed trades.

Not every market has these rules; not every government punishes the naked short....

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Banksters declare war on Tsipras [View all] no more banksters Feb 2015 OP

What the new government needs to do is pass tax laws with real teeth Warpy Feb 2015 #1

The Tide Has Turned, and Now, We get to see who is swimming naked Demeter Feb 2015 #2

The new finance minster has dr in game theory Ichingcarpenter Feb 2015 #3