[L,TOWM]

Now, when is something going to be done about it?The day after the SEC and NASD are'nt controlled by the largest 15 brokerage firms n the country.

I have'nt seen anyone really address the "Fail To Deliver" ("FTD") issue or the author'r request for the system to perform its mimimum function - settle the trade.

This is not the first time I have seen mention of artificially created shares essentially being created by the DTCC and firms. The issue for the firms is fairly straightforward - making the most money on trading without putting net capital at risk with REPORTABLE open contractual commitments.

Sometimes, ignorance really is bliss, or at least, a better night's sleep.

[Kenny500c]

Correct me if I am wrong, but isn't naked short selling permitted in some overseas markets?

The major houses and hedge funds can easily use this loophole to do their dirty work, without legal repucussions.