From time to time, I like to post litigation stories that I witness first-hand. Fortunately, I didn't experience this upbraiding from a judicial officer:
"Judge Mullen: Naked shorts are not legal, are they?
SEC lawyer Amy Greer: No. No, they’re just very risky, Your Honor.
SEC lawyer Catherine Pappas: And Your Honor –
Judge Mullen: They’re not illegal; they’re just risky.
Greer: Correct. Naked short sales are not illegal; they’re just risky, Your Honor.
Judge Mullen: Why in the world don’t you all make them illegal? Don’t you understand what happens in the market when you allow naked short selling to attack companies? I mean, do you understand that?
Greer: Your Honor, I think that that’s an issue for the United States Congress. I appreciate your concern –
Judge Mullen: Well –
Greer: — and I –
Judge Mullen: — the answer to my question is, yeah, I understand it or, no, I don’t.
Greer: I do understand your –
Judge Mullen: Do not try — okay.
Greer: I do understand, Your Honor.
Judge Mullen: Thank you for understanding it.
Covington: Your Honor, one thing –
Judge Mullen: Excuse the interruption.
Covington: No, sir.
Judge Mullen: Sit down, shut up
, let the man talk. I’m not going to let him introduce (sic) you. Last warning.
Pappas: I’m sorry?
Judge Mullen: Sit down –
Pappas: Yeah, I got that.
Judge Mullen: — shut up
, let the man talk. Last warning.
Judge Mullen: Understood?
Judge Mullen: Excellent.
Covington: With all due respect, Your Honor –
Judge: And you don’t interrupt her when she’s talking.
Covington: Yes, sir.
Judge: Proceed." (emphasis supplied.)