So Cox on CNBC today says that naked shorting is illegal. So whenever the big IBs want to destroy a company the can just spread rumors then create phantom shares and drive price into the ground. That way they can create either a self fulfilling prophecy on the fundamentals or at least destroy the technical so all the trend following and momo players jump on board. BSC would still be alive were it not for naked short selling - and yet this asshole finally wakes up to this problem 3 months after the bear raid on BSC. This administration is worse than fucking clueless. At least Paulson should know about this stuff and should've told Cox to crack down on naked shorts hard right after the BSC collapse.