Here is the CLASSIC Good vs. Evil story. Here we have Shorts and Naked Shorters, whose sole function is to put a company out of business, so that its employees lose their jobs and can't support their families, and the investors, (PEOPLE who invest in a company, so that the company AND ITS EMPLOYEES can live the American dream). SHORTS are not "Investors", unless you view them as "Investors in human misery", THAT, they certainly are.
Yup. Evil. That is the right word. Money for themselves in the short run outweighs any decency they have. Why is this not being addressed and stopped? Is the pay-offs to our corrupt Congress that high that they can't/won't change this?
This is an excellent post and I can not believe with all the issues this country has faced over the past 3 years that the government has not crucified people for Naked Shorting companies
It's true about the employees, too. These guys have taken a rather significant pay cut, and lost their pension/401 contributions to help the company overcome these hardships. The shorting of stocks does a lot more harm than good as far as creating wealth.