How can a naked singularity be possible? How can we have a singularity, without a black hole around it? How would one form? What does it do?
Nobody likes the idea of naked singularities, as they would have a toxic effect on causality. If a singularity existed that was not separated from us by an event horizon, then not only would the future not be predictable, but the past would not be fixed. Like the grandfather paradox, it wouldn't make sense, so it cant exist. The trouble is that GR doesn't implicitly rule them out.

If a black hole is spinning fast enough, or has enough charge then it seems a naked singularity could form. Naively you may think that the centrifugal force in the first case, and the electromagnetic force in the second are sufficient to overcome gravity.

I particular if $G^2M^4/c^2 &lt; J^2$, where J is angular momentum, M is the mass, G is the gravitation constant, and c is the speed of light. The there will be a naked singularity. For a small, stellar mass black hole would need an angular momentum of $10^{42} \mathrm{kg m^2 s^{-1}}$ to lose its event horizon