The public and their representatives are advised that a little known, but longstanding stock market practice, called short selling has escalated out of control. Even people who do not own stocks or mutual funds are affected. Pensions, businesses, and all American workers suffer from its debilitating effects. By introducing a virtual/electronic duplicate or counterfeit stock share, the American Stock Market and other competing markets are undermined.
Short selling is based on the surreptitious duplication of one asset into the hands of two different owners. Margin accounts, funds and all pensions may be 'borrowed' for the purpose of a legal shell game that puts profits in the hands of few and damns the fortune of all other Americans. Such blatant dishonesty being legal is unacceptable.
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