Sod what Byrne says...
The idea of naked shorting sounds wrong to the man in the street. It sounds like it side steps the supply-and-demand roots of capitalism. It sounds like the fat cats are getting away with criminal acts. In that way it offends both capitalists and non-capitalists. It makes the law look like it only penalises those who can't afford to buy it. In the end no-one trusts a nominal market economy. No-one trusts the legal system. No-one has every trusted politicians. Perhaps putting 'in God we trust' on US currency is just an act of desperation. There is no-one else.