From “Outside The Ivory Tower”, by Dr. Susanne Trimbath -
I applaud the courage of German Chancellor Angela Merkel for banning naked short selling in Germany. And a “wag of the finger” goes to the rest of the Euro-Zone — plus the Securities and Exchange Commission and Congress in the US — for not doing the same. Naked short selling is the ultimate theft. It is selling what you not only don’t own but have no intention of ever delivering. [entire post]