Posts Tagged: Naked Short Selling
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The Great Goldman Sachs Senate-Lobbying Fail

Adorable! Goldman Sachs is, as always, down in D.C., lobbying Congress. Except now, unlike the quiet, dignified reception to which the GS folks are accustomed, D.C. staffers are so pissed by the ridiculous lobbying that they're leaking the lobbying materials. And these materials are actually pretty atrocious. What GS is lobbying for, actually, is for no restrictions against naked short selling, in the guise of lobbying for no restrictions on short selling. (Here, we break for a short idiot's guide. First, there is a thing called the stock market. You know that part. Now, normal stock market activity is "long," as in, holding a stock and selling it, [...]