Comments on: Naked-shorting datapoint of the day, Carl Icahn edition http://blogs.reuters.com/felix-salmon/2009/10/14/naked-shorting-datapoint-of-the-day-carl-icahn-edition/ A slice of lime in the soda Tue, 21 May 2013 18:32:30 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: MattJ http://blogs.reuters.com/felix-salmon/2009/10/14/naked-shorting-datapoint-of-the-day-carl-icahn-edition/comment-page-1/#comment-7952 MattJ Thu, 15 Oct 2009 15:32:27 +0000 http://blogs.reuters.com/felix-salmon/2009/10/14/naked-shorting-datapoint-of-the-day-carl-icahn-edition/#comment-7952 I don't read anything in the linked article suggesting that what High River did was illegal; it is a civil suit to force High River to actually meet the terms of the contract. I'm probably just missing Felix's point. I don’t read anything in the linked article suggesting that what High River did was illegal; it is a civil suit to force High River to actually meet the terms of the contract. I’m probably just missing Felix’s point.

]]> By: peatey http://blogs.reuters.com/felix-salmon/2009/10/14/naked-shorting-datapoint-of-the-day-carl-icahn-edition/comment-page-1/#comment-7939 peatey Thu, 15 Oct 2009 02:30:11 +0000 http://blogs.reuters.com/felix-salmon/2009/10/14/naked-shorting-datapoint-of-the-day-carl-icahn-edition/#comment-7939 It would seem to turn on what representations High River made to Goldman in those 9 contracts. It would seem to turn on what representations High River made to Goldman in those 9 contracts.

]]> By: KenG http://blogs.reuters.com/felix-salmon/2009/10/14/naked-shorting-datapoint-of-the-day-carl-icahn-edition/comment-page-1/#comment-7931 KenG Wed, 14 Oct 2009 20:31:04 +0000 http://blogs.reuters.com/felix-salmon/2009/10/14/naked-shorting-datapoint-of-the-day-carl-icahn-edition/#comment-7931 Isn't it fraud to enter into a legal agreement to sell something you don't own? You know, like selling someone the Brooklyn Bridge? In any case, since they can't deliver, they are in breach of the contract, so what is their case? Isn’t it fraud to enter into a legal agreement to sell something you don’t own? You know, like selling someone the Brooklyn Bridge?

In any case, since they can’t deliver, they are in breach of the contract, so what is their case?

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