Again, I’m not close to being an expert on this issue, but some of this stuff just raises obvious questions.

I don’t want to discourage the press from looking into this issue. Far from it. But it can do much better than this.

ADDING:

See this interesting Felix Salmon interview of his Portfolio colleague Gary Weiss, who’s one of the most vehement critics of those who push the nefarious naked-short-sellers theory, about this story. It’s worth a read.

I feel about like Salmon does here: The story was way overwrought, but there’s enough smoke here that it needs to be explained.

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