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To: bull_dozer who wrote (60475)	7/22/2008 5:08:53 PM
From: tyc:>	Respond to of 78438

>>Just trying to understand "naked shorting"... Me too. I believe it's just another way of saying "unable to settle". Sorry I know nothing about US regulations. (I'm from Kanuckistan)

To: bull_dozer who wrote (60475)	7/22/2008 6:45:56 PM
From: LLCF	Respond to of 78438

Dated 2005... clearly the SEC is aware of the problem taking steps to clean it up... I didn't know there were even this on the ball. Naked shorting is a Jabillonth of the short shares outstanding... it results in extra shares on the market that shouldn't exist. The good news is that they are tied to a broker dealers account... so unlike maufacturing a "fake rollex" or "counterfeiting" like some have mentioned... it's nothing of the sort. All shares are tracedable back to an account and the "nake short" can be found and eliminated if the proper regulatory authorites act. DAK