Goldman Sachs is lobbying Senators against restrictions to naked short-selling

Naked short-selling is a kind of counterfeiting scheme in which short-sellers sell shares of stock they either don’t have or won’t deliver to the buyer. It is a criminal activity that the SEC has failed to act on, making the SEC itself the equivalent of a crooked cop and complicit in the destruction of our economy.

Now Matt Taibbi has discovered that Goldman Sachs is lobbying Senators against restrictions to naked short-selling. Get the details here.