The Debts of the Spenders: Short Selling is Illegal...Unless you're a Market Maker

It's okay to ban naked shorting in just a few financial firms, but market makers are allowed to continue breaking the law and people can still use naked shorting on all other stocks. It's like a card game where someone decides they don't like their hand so they'll need new cards. Are you f$%&%&cking kidding me?

Apparently, their excuse is that banning EVERYONE from naked short selling of financials will affect liquidity (since there will be lower volume). This is what happened recently in Pakistan as foreign investors abandoned the exchange after authorities imposed a 2 month moratorium on short selling and limits on price drops. That doesn't stop this new exception of smacking of paternalism and favorites.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a6vYdD7V5sB4&refer=home