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To: ogi who wrote (60410)7/19/2008 9:11:19 AM
From: AuBug  Read Replies (2) | Respond to of 78407
 
I'm trying to understand what this failure to deliver means. Is it caused by a brokerage has their clients selling short stock xyz and then the owner of the xyz sells but the broker finds they do not have enough shares in inventory to clear the long sale trade? Then what happens?

He who buys what isn't hisn'
must buy it back or go to prison?