Naked short selling

Who Stole your 401K, Savings, and Taxpayer TARP

By Dr. Ileana Johnson Paugh —— Bio and Archives--September 1, 2011

American Politics, News | Comments | Back To Full Article

Selling Short is a legal form of stock buying when you borrow shares you do not own from your broker, sell them, and pocket the money. When the price of that stock drops, you buy the number of shares at the lower price and return them to the broker, plus interest and commission, and you keep the difference. When you buy the shares back, you have covered the short position.

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