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Keyword: nakedshortsale

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  • Naked Short Selling Is One Problem A Slumping Market Shouldn't Have

    07/17/2008 7:30:26 PM PDT · by Kaslin · 14 replies · 147+ views
    IBD Editorials ^ | July 10, 2008 | Christopher Cox
    The demise of IndyMac, coming on the heels of Bear Stearns' desperate sale to JPMorgan Chase, is a sure sign of the fragility of today's markets. What's needed now, more than ever, is reliable information for investors and confidence that trading can be conducted without the illegal influence of manipulation.Because financial institutions depend on confidence, they are uniquely vulnerable in the current climate. A "run on the bank" can take hold quickly, and can be fatal. But stampedes are not always rational. When an irrational panic is fueled by a sense of urgency, false rumors that must be acted on...