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Monthly Archives: October 2008
The linked presentation is a sobering investigation of the practice of naked short selling. Naked Short Selling (NSS) is the practice of short selling a stock for which the seller has not borrowed shares to cover that sale. When this state perists past the statutory time limit, it is called Failure to Deliver. These so-called FTDs could in some ways be considered conterfeited stocks. After doing some research prompted by reading an entry on Slashdot.org. I wonder after reading up, and watching the below if the next shoe to drop in the financial turmoil that is occuring will be this.