WWTBAM Bored

Naked short-sellers may have no shame, but they're about to take a fall. Chairman Christopher Cox of the U.S. Securities and Exchange Commission told the Senate on Tuesday that he will issue an order creating measures to curb the practice of selling short stock in major American financial firms without borrowing the requisite shares.

FULL STORY

If you're selling shorts, you should at least have the decency to wear a pair of them!

Oh, we're talking about the stock exchange. Well, that's different.

Never mind!

The article is unclear to me.

The practice of naked short selling is already illegal, but the rules are widely flouted and are not subject to much oversight.

So he's ordering what measures to curb this illegal practice?

When did the uptick rule get eliminated and why isn't he bringing it back as one of these measures?

I too, thought it would be a story about naked people selling shorts! I was lured in...I felt like I was reading Bob's post about his new computer again, where my eyes glaze over and I have to say HUH??

Too late in the afternoon for real financial stuff!! More stories on naked people selling shorts!

sunflower wrote:I too, thought it would be a story about naked people selling shorts! I was lured in...I felt like I was reading Bob's post about his new computer again, where my eyes glaze over and I have to say HUH??

Too late in the afternoon for real financial stuff!! More stories on naked people selling shorts!

They should sell some of those shorts to the nekkid babies on the bored.

And here I thought this was going to be about some of the more wild South Eastern Conference football fans

I thought that he was talking about the purveyors of short porno movies.