Can Naked Singularities Yield Gamma Ray Bursts?

Gamma-ray bursts are believed to be the most luminous objects in the Universe. There has been some suggestion that these arise from quantum processes around naked singularities. The main problem with this suggestion is that all known examples of naked singularities are massless and hence there is effectively no source of energy. It is argued that a globally naked singularity coupled with quantum processes operating within a distance of the order of Planck length of the singularity will probably yield energy burst of the order of M_pc^2\approx2\times 10^{16} ergs, where M_p is the Planck mass.