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Non-Tech : ET and the Rest -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (4985)	11/14/2004 7:43:27 PM
From: TsioKawe	Read Replies (1) \| Respond to of 5459

Naked short selling is still going on and it looks like the establishment is fighting hard to keep their scam going to the loss of small investors. Here is one paragraph of a very long article. The reportage is said to focus on allegations that "brokers, through their wholly owned clearing house system, the Depository Trust Corporation (DTCC), have effectively been creating counterfeit shares of stock through their 'Stock Borrow Program', which allows brokers to 'borrow' the same shares over and over again, artificially inflating the share count and driving the price of the stock down. They also claim that the governing body that has been entrusted with the task of protecting the individual investors, the self-proclaimed 'Investor's Advocate', the SEC, has failed to protect investors, and has succumbed to pressure from the brokers who profit from the naked short selling scandal, said Faulk. investors.com