yeah go on blame short selling, page-143

"These companies that lend their stocks are profiting while keeping their positions the same at the expense of other holders who cannot. Can someone please explain how that is fair?"

These stock lenders, are profiting only from the fees they charge from what they allow to lend. If stock price falls they also experience that fall. If the stock price rises they also experience that rise + the fee. If the stock price is stable then their holding is stable + the fee.

What is unfair about this arrangement I'm not sure? As a holder you experience the same rises and falls - the fee, but you have the option to sell your holding when you like. As a stock lender you have to arrange with the short seller to return the stock back to you (hence why a fee is charged for that additional risk to the stock lender).

Many of you still don't get this, to every trade there IS and MUST BE a short and long side. If one side gains then the other side loses. If you've been buying and gaining over the years, then there's some sod somewhere who has been losing due to your action.