IT'S ABOUT DAMN TIME
(Insert your play on the words "cracks down" here.)
(Thanks to Mollenkamp)
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October 28, 2008
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Naked short selling
Someone alert the McCain/Palin team immediately!
Posted by: Meditrina | October 28, 2008 at 09:06 AM
*imagines gymnasts and yoga gurus engaging in nekkid short selling*
*cracks up*
Posted by: random thunking | October 28, 2008 at 09:14 AM
Indeed . . .
Posted by: Mahatma Kane Jeeves ‹(•¿•)› | October 28, 2008 at 09:20 AM
I can only assume that "naked short selling" means contracting to sell a stock (at a price lower than current market) when you don't own and have not made sure you can acquire the stock you are selling?
Posted by: pogo | October 28, 2008 at 09:37 AM
The visuals that come with "naked" and "short" are not pretty.
Posted by: Siouxie | October 28, 2008 at 10:00 AM
I believe you are correct, Pogo. ISTR the US recently banned the practice as well -- only temporarily, though.
Posted by: Richard the Weasel-Hearted | October 28, 2008 at 10:34 AM
*Sigh.*
Is it just me, or is the stock market just not as much fun any more?
Posted by: Cat R | October 28, 2008 at 10:39 AM
You're right, Cat. Next thing you know, these fascists will be banning over the counter credit default swapping, overnight mergers, and back door sweetheart deals.
Posted by: Meanie the Blue | October 28, 2008 at 10:54 AM
If Meanie is right I'm sunk.
Posted by: Larry Craig | October 28, 2008 at 11:19 AM
Talk about your dirty money.
Posted by: Margaritaville | October 28, 2008 at 12:08 PM
*snork" at "Larry", although I'm not sure "sweetheart" is the right term in your case.
Posted by: Richard the Weasel-Hearted | October 28, 2008 at 12:16 PM
If any naked Japanese people try selling me anything, I'll be too busy giggling to reach for my wallet. And is this anything like short-sheeting? Just askin'...
Posted by: eilbeback | October 28, 2008 at 12:18 PM
The movie theme song will feature the tune from Smokey & the bandit with the lyrics...
Japan cracks down,
on naked short selling,
so no more sights,
of Nikkei traders bums
Posted by: Al Iterative | October 28, 2008 at 04:55 PM
The thought of little Japanese naked stock brokers just... Never mind, it's not a pretty thought....
Posted by: Kathybear | October 28, 2008 at 10:01 PM