Naked short selling, or naked shorting, is the practice of short-selling a tradable asset of any kind without first borrowing the security or ensuring that the security can be borrowed. This practice is manipulating the real value of the asset as in many cases the total amount of short sales can vastly exceed the total amount of available assets available. Some of the largest financial institutions in the world are engaged in naked short selling and manipulating the value of the underlying assets. Many countries around the world have put an end to naked short selling. It's time the United States did the same.
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