Southern California Real Estate Bubble Crash Blog

I recommend watching this short video about Naked Short Selling.

This is not a political agenda and has nothing to do with the Housing Bubble popping, but I’m glad someone finally said something about the deceptive, destructive, and unfair practice of Naked Short Selling.

For those of you who complain about the federal deficit, we could pick off the low-hanging fruit of this problem and recover as much as $1T (Yes, trillion) in taxes. Think it doesn’t happen? You haven’t seen enough of what Wall Street does, then. I have heard estimates as high as 50% of all trades on Wall Street are naked short and FTD related. What a deceptive piece of crud! Preventing a fledgling company from being able to offer open market issuances to raise funds is choking off small cap America.

To be more specific, this loophole benefits market makers, hedge funds and maybe even the funding of terrorist cells. Our national debt and the Iraqi war could have been paid for with the elimination of naked short selling or a mandated stock buy-in after shorting.

Naked Short Selling is Anti-American!

Back to our regularly scheduled program.