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To: The Vet who wrote (60441)	7/21/2008 4:24:23 PM
From: LLCF	Respond to of 78438

That's right... exactly... see my rant a few posts ago about a real life situation (short squeeze of new tech issue) that was "hard to borrow". BTW, it doesn't work... everyone hears about it when you're short big and they'll ram it right up you're butt. <Obviously the SEC believes that naked short selling resulting in failure to deliver is a legitimate "trading strategy" and not an illegal activity.> AS was discussed... MM's have certain leeway in order to make markets. BTW... MM's are PIKERS in the financial world... that DOENST MEAN it's a "legitimate" trading strategy in general... why would everyone (99% of shorts) borrow stock? We have to use our heads here. <Never a mention or a thought for the shareholders who suffer losses due to these "trading strategies" which while outside the letter of the law are protected by the SEC.> Well if you want to worry about shareholders what about the JABILLIONS sucked out of people by I-Banks floating all that crap during the tech boom??? Dwarfs this stuff. This is roaches fighting over scraps... the real crime is what business do Americans have getting railroaded into going into debt up to the eyeballs and having their entire retirement accounts in stocks? What about The Federal reserve and Government ruining the value of everyones nestegg and leaving all that debt for our Grandkids??? DAK