The article is not pretending to be economic analysis! It is author's investigative piece on collapses of two huge firms and practices that contributed to them.

The article is not pretending to be economic analysis! It is author's investigative piece on collapses of two huge firms and practices that contributed to them. Economy related, sure, but not an "analysis"! Naked short selling sounds fraudulent to me, but I'd like to read a intelligent defense of it from supporters of the practice. So you think it is illegal, but would like to know how would practitioners justify it? Kinda perverse, like asking rapist how would (s)he defend rape. Here's standard Naked Shorts' defense: it provides liquidity and makes markets more efficient.