[bsrsharma]

See http://www.financialsense.com/fsu/editorials/kirby/2006/1030.html

for a discussion on naked shorting and its consequence – Failure to deliver. It is like you have a machine or circuit and suddenly the laws of conservation (of energy, matter, current etc.,) were repealed. Obviously, the engine or circuit may blow up due to accumulation at sink (or deficit at source).

[bsrsharma]

I think SEC limit on Naked Shorting is good for stability in these uncertain times. Remember, they are not stopping regular (i.e. covered or borrowed) shorting; only highly speculative uncovered shorting that can destabilize the system by setting up negative feedback loops.

As for the Rioting in L.A., it is so ridiculous. You would think such things happen in a 3rd world country. How anyone with reasonable intelligence wouldn’t know how to do a bank transfer on internet puzzles me. Also, the media have been shouting about IndyMac’s threadbare finances for at least a few weeks. Why did the more loaded depositors not transfer funds earlier? Overall, a poor portrayal of citizenry.

[bsrsharma]

I think SEC limit on Naked Shorting is good for stability in these uncertain times. Remember, they are not stopping regular (i.e. covered or borrowed) shorting; only highly speculative uncovered shorting that can destabilize the system by setting up negative feedback loops.

As for the Rioting in L.A., it is so ridiculous. You would think such things happen in a 3rd world country. How anyone with reasonable intelligence wouldn’t know how to do a bank transfer on internet puzzles me. Also, the media have been shouting about IndyMac’s threadbare finances for at least a few weeks. Why did the more loaded depositors not transfer funds earlier? Overall, a poor portrayal of citizenry.

[bsrsharma]

I think SEC limit on Naked Shorting is good for stability in these uncertain times. Remember, they are not stopping regular (i.e. covered or borrowed) shorting; only highly speculative uncovered shorting that can destabilize the system by setting up negative feedback loops.

As for the Rioting in L.A., it is so ridiculous. You would think such things happen in a 3rd world country. How anyone with reasonable intelligence wouldn’t know how to do a bank transfer on internet puzzles me. Also, the media have been shouting about IndyMac’s threadbare finances for at least a few weeks. Why did the more loaded depositors not transfer funds earlier? Overall, a poor portrayal of citizenry.

[bsrsharma]

I think SEC limit on Naked Shorting is good for stability in these uncertain times. Remember, they are not stopping regular (i.e. covered or borrowed) shorting; only highly speculative uncovered shorting that can destabilize the system by setting up negative feedback loops.

As for the Rioting in L.A., it is so ridiculous. You would think such things happen in a 3rd world country. How anyone with reasonable intelligence wouldn’t know how to do a bank transfer on internet puzzles me. Also, the media have been shouting about IndyMac’s threadbare finances for at least a few weeks. Why did the more loaded depositors not transfer funds earlier? Overall, a poor portrayal of citizenry.

[bsrsharma]

I think SEC limit on Naked Shorting is good for stability in these uncertain times. Remember, they are not stopping regular (i.e. covered or borrowed) shorting; only highly speculative uncovered shorting that can destabilize the system by setting up negative feedback loops.

As for the Rioting in L.A., it is so ridiculous. You would think such things happen in a 3rd world country. How anyone with reasonable intelligence wouldn’t know how to do a bank transfer on internet puzzles me. Also, the media have been shouting about IndyMac’s threadbare finances for at least a few weeks. Why did the more loaded depositors not transfer funds earlier? Overall, a poor portrayal of citizenry.

[bsrsharma]

Wachovia is way more in trouble than WaMu

NEW YORK (AP) — The situation is increasingly bleak for Wachovia Corp. and the bank’s mortgage portfolio will continue to lose value, “seriously jeopardizing” the company’s ability to generate earnings, an influential analyst warned on Tuesday….

http://biz.yahoo.com/ap/080715/banks.html?.v=5

[bsrsharma]

Wachovia is way more in trouble than WaMu

NEW YORK (AP) — The situation is increasingly bleak for Wachovia Corp. and the bank’s mortgage portfolio will continue to lose value, “seriously jeopardizing” the company’s ability to generate earnings, an influential analyst warned on Tuesday….

http://biz.yahoo.com/ap/080715/banks.html?.v=5

[bsrsharma]

Wachovia is way more in trouble than WaMu

NEW YORK (AP) — The situation is increasingly bleak for Wachovia Corp. and the bank’s mortgage portfolio will continue to lose value, “seriously jeopardizing” the company’s ability to generate earnings, an influential analyst warned on Tuesday….

http://biz.yahoo.com/ap/080715/banks.html?.v=5

[bsrsharma]

Wachovia is way more in trouble than WaMu

NEW YORK (AP) — The situation is increasingly bleak for Wachovia Corp. and the bank’s mortgage portfolio will continue to lose value, “seriously jeopardizing” the company’s ability to generate earnings, an influential analyst warned on Tuesday….

http://biz.yahoo.com/ap/080715/banks.html?.v=5

[bsrsharma]

Wachovia is way more in trouble than WaMu

NEW YORK (AP) — The situation is increasingly bleak for Wachovia Corp. and the bank’s mortgage portfolio will continue to lose value, “seriously jeopardizing” the company’s ability to generate earnings, an influential analyst warned on Tuesday….

http://biz.yahoo.com/ap/080715/banks.html?.v=5

[bsrsharma]

There is no such thing; But if you insist, keep your money at City, BofA, JPMorgan, Wells. If these start going down, we will be on our way to become Zimbabwe. You should be afraid of food riots and shooting in the streets then, rather than worry about bank deposits!

The absolutely golden rule now is to split your funds into many 100K deposits. If you have done that, you can always sleep well.

[bsrsharma]

There is no such thing; But if you insist, keep your money at City, BofA, JPMorgan, Wells. If these start going down, we will be on our way to become Zimbabwe. You should be afraid of food riots and shooting in the streets then, rather than worry about bank deposits!

The absolutely golden rule now is to split your funds into many 100K deposits. If you have done that, you can always sleep well.

[bsrsharma]

There is no such thing; But if you insist, keep your money at City, BofA, JPMorgan, Wells. If these start going down, we will be on our way to become Zimbabwe. You should be afraid of food riots and shooting in the streets then, rather than worry about bank deposits!

The absolutely golden rule now is to split your funds into many 100K deposits. If you have done that, you can always sleep well.

[bsrsharma]

There is no such thing; But if you insist, keep your money at City, BofA, JPMorgan, Wells. If these start going down, we will be on our way to become Zimbabwe. You should be afraid of food riots and shooting in the streets then, rather than worry about bank deposits!

The absolutely golden rule now is to split your funds into many 100K deposits. If you have done that, you can always sleep well.

[Author]

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