Today’s podcast focuses on the controversy over naked short selling, prompted mostly by leftist Rolling Stone reporter Matt Taibbi’s coverage of the financial crisis, and whether or not the practice is actually to blame for a whole slew of terrible things — including the demise of Lehman Brothers.
Tag Archives: John Carney
Matt Taibbi and John Carney on Naked Short Selling
October 2, 2009 – 1:33 pm
There’s been a lot of controversy about a practice called “naked short selling.” In normal short-selling, a trader who expects prices to fall will borrow shares of stock and immediately sell them. He must buy shares at some point in the future to give back to the person who lent him the shares that he sold short.
- November 21, 2009 -
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