September 7, 2010
If, as Ms. Schapiro states, that "the long-term success of our economy requires fair and efficient capital markets", then why in the world would the human construct of equity short sales be allowed to continue? The more knowledge I aquire concerning short sales, the more I am convinced it is nothing more than government sanctioned stealing from most of its citizens and investors. Naked shorts even more so.
If that is your idea of "fair and efficient capital markets," then someone needs to be enlightened. I would welcome this additional knowledge. Until then, I can think of nothing more that would help stabilize our extremely fragile markets perhaps make them a wise and prudent investment once again, make them fairer for serious investors and therefore more efficient. Who knows, it may even stimulate a depressed economy and create wealth for our country.
Please feel free to contact me at any time to enlighten me.