Naked shorting: The curious incident of the shares that didn't exist (2005)

Re:Naked shorting: The curious incident of the shares that d... by lmm on Sunday January 31, 2021 @08:55PM (#25984741)

Same as if you pay for ten tons of lumber and it doesn't show up. Stock trading grew out of traditional property trading and inherits a lot of its norms from there.

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Re:Naked shorting: The curious incident of the shares that d... by ArchD on Sunday January 31, 2021 @10:08PM (#25985088)

Does it have to be that way? Everything is electronic and stocks can move at the speed of the network whereas lumber cannot.

There could be some archaic processes that are not electronic but are there inherent good reasons why they cannot be converted?

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Re:Naked shorting: The curious incident of the shares that d... by lmm on Sunday January 31, 2021 @10:28PM (#25985210)

Not necessarily. But we're talking about a heavily regulated system, run by a lot of very conservative entities, that currently works pretty well on the whole; there's going to be a whole lot of "if it ain't broke don't fix it".

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Re:Naked shorting: The curious incident of the shares that d... by sooheon on Monday February 01, 2021 @05:42AM (#25987492)

I guess this is where the sentiment of "let's break it so they fix it" comes from.

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