Naked short selling in markets is taking us down

and contiues as we speak, yet nothing is being done to stop it

Excellent info on the direction our economy is headed

Just the fact that this explanation is more than a paragraph long means you've already lost the attention of half of the American public.

Here it is , the short version.....

Naked short selling..... selling stocks that you don't own to people you never intend to deliver them anything more than an IOU to and taking the money and running.

Thats why so many people lost what they thought were secure retirement and stock portfolio's. The stocks never actually existed, only an empty IOU. And this happened under the nose of the SEC and they ignored it. Thats why we "had " to bail out the guys that were "too big to fail", so the government could cover their own ass for being complicit in that event. Ooops.. our bad... you pay.

But of course Stoney Limbaugh would say all the deadbeats (aka liberals) are to blame for the bailouts by not paying off their loans, etc. Truth of it is that crooks on both ends of the spectrum taking handouts they never planned to pay off, and the politicians who let it happen, are all responsible. But as long as there's those of us who pay all our bills and taxes they figure there will be someone to fix their stupidity.