Pej Yous, I do not know how to reply to your Redhot Post above so I shall try here. Short selling creates new shares of stock, shares not issued or authorized by the company. The additional shares expand supply of available shares and reduce market prices. If the company issues a dividend the short seller must pay the dividend himself. If total authorized, issued shares of ABC Company are 1,000 and someone sells short 500 shares (Which are borrowed, in theory), there are now 1,500 shares owned by someone somewhere. The additional problem is that the short sellers often do not actually borrow, nor do they replace any shares they sold short. They get paid dollars for the short sale but they “fail to deliver” (FTD) or move the trade position between multiple accounts and essentially steal money from the market.The short seller gets paid and has near zero cost. Hedge funds generate substantial income from this practice, called “Naked short selling.” Pat Byrnes, CEO of Overstock.com and Sen Bob Bennett of Utah have fought without success to stop the practice for years. Guess what, Hedge Funds are major political donors.Unlike banks, they have no regulation, no rules. They are undermining market integrity.

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Wikkepedia defines Naked Short selling. Pat Byrnes, CEO of Overstock.com , has lead the fight against this illegal activity for years. Chris Cox , heads the SEC and undermines market integrity and confidence by refusing to act against it. Naked Short selling is selling stock you do not own, have not borrowed, and do not intend to buy back. It is illegal but there is no punishment for doing it, no enforcement, no oversight. It is counterfeiting money without penalty. Hedge funds engage in it on massive scales. Short selling creates shares of stock not issued by the company. Naked short selling leaves those shares outstanding forever. Senator Bob Bennet (R) Utah in Senate hearings (See video) exposed and illustrated this issue in the case of Global Limited, symbol GLKCE. Robert Simpson purchased 100% of GLKCE shares in a public tender. He acquired every existing share, by number. He put them in his dresser drawer. Over the next two days, 60,000,000 shares of the stock traded on the exchanges, shares that did not exist, naked shares, sold short. See Karl Theil’s article of 3-24-05 or Overstock links. Chris Cox has failed to act against the practice and McCain is right to move against him. I am feeling better about McCain,. The more I hear, the better I like what I hear. McCain has integrity.

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(http://www.olbroad.com) One of my daily web visits turned up this, funny stuff. I am starting to smile and grin again, at last.Thomas Nast was the original Republican cartoonist, Civil War era.

Well, Drudge reports that an attempt at humor, a video calling for a Biblical like Deluge, in the style of Noah, has been pulled from the web. But we can always hope and dream, I suppose.