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To: AuBug who wrote (60416)	7/19/2008 3:14:23 PM
From: ogi	Respond to of 78407

It seems to me that the introduction of REG SHO has sent no one to prison but it has put a clear record of abusive short sellers that do not cover the shares they have supposedly borrowed. Enforcement would be a novel idea!!

To: AuBug who wrote (60416)	7/19/2008 3:42:54 PM
From: LLCF	Respond to of 78407

Yea, that's one way... it can just be like overbooking an airline flight. Stock loan has all the shares out and a client shorts ). The stock goes on the hard to borrow list, the interest rate to borrow the shares goes up and some of the people get called on their shorts and in the mean time there has to be "failure to deliver" in the amount their off by to balance the books AND show the regulators. Believe me the fact that it's called "failure to deliver" and not "excess interest revenues for the bonus pool" is a good thing. :)) DAK