I was positively surprised to see CNBC Squawk Box this morning invite ex-SEC Commisioner Harvey Pitt and hear this guy express his remorse about the removal of the uptick rule and about naked shorting as something that has not yet been addressed by the SEC. So CNBC starts the year with some very good intentions apparently.

I hope that the Madoff scandal will trigger the discussion about naked shorting to come more to the forefront and become the next big issue lost by the SEC. We would benefit tremendously from an exposure of this immense fraud, because mining stocks like ECU in my opinion have been and still are a target of tremendous naked shorting.

Happy Newyear to all.

DCFM