July 15, 2011
When I read the comments of others on this subject, I see the same old thing. The investment companies (profiteers) argue in favor of short selling, and the average investor (victim of short selling) arguing against it. I am one of the later. I have seen an average of 8 of 10 investments completely wiped out by short selling. I am only one individual. I do the research and invest in companies that I feel are viable, an asset to humanity and ultimately should prosper solely on their merits. It seems this is no longer the way America works. The sad reality is that the greed and lack of oversight of this greed is driving the average investor and many good companies into the ground. The SEC needs to step up to the plate and help all Americans not just the elite profiteers.