Not true. If the stock falls to zero, they win. Or, if it falls enough, no one wants it and legitimate owners sell it to them real cheap, so they cover by buying the mass exodus that they have, in fact, caused (nullifying their buying pressure while covering). Think someone gets the interest on that bogus bookkeeping entry?
That depends. Are there any S&P 500 stocks on the SHO list? How about Google?
Ah, since when do 401Ks only have SP500 stocks? And yes, sometimes they are on it, and sometimes ETFs. The Russell 2000 was on it not long ago. AND, the SHO list is only the tip of the iceberg. Ex-clearing failure-to-deliver lists never see the light of day.
One other thing, about your tag, Alan Greenspan was not on the grassy knoll, but he was a consultant for Keating's Lincoln Savings & Loan, and he denounced any regulatory attempts to stem the theft. Might want to look into that. Looks a little embarassing for you in light of this discussion.
You have any examples where this occurred?
Think someone gets the interest on that bogus bookkeeping entry?
You tell me. How does someone get interest on undelivered stock?
Ah, since when do 401Ks only have SP500 stocks?
Since when did I say they did? So what's your theory? How much higher would 401Ks be if these FTDs were closed?
One other thing, about your tag, Alan Greenspan was not on the grassy knoll, but he was a consultant for Keating's Lincoln Savings & Loan, and he denounced any regulatory attempts to stem the theft.
Please explain further about the theft.
Looks a little embarassing for you in light of this discussion.
Why would Greenspan's past or future employment cause me any embarrassment?