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Re:Counterfeiting Stock – Explaining illegal naked shorting ... by konschubert on Monday February 01, 2021 @03:42AM (#25986779)
When I take a loan I may also fail to deliver loan payments. I don't think we should make risk illegal, but we should make sure that banks manage tail risks right.
Re:Counterfeiting Stock – Explaining illegal naked shorting ... by eru on Monday February 01, 2021 @06:42AM (#25987793)
That's what margin requirements and clearing houses are for.

Even during the heights of the last few financial crises, clearinghouses did not fail.

(Option writers and people trading futures are in a very similar situation to short sellers. They also have clearing houses.)