April 10, 2008
All the SEC has to do is APPLY THE RULES. Naked short selling in the U.S. is already banned in the plain text of securities laws........ ........everybod y has to deliver within the settlement cycle no exceptions exist. It's that simple.
the Fed isnt the answer
Donaldson, who stepped down as SEC chairman 2005, was also critical of the Fed approach.
``Before you start rearranging the organization of the financial- regulatory agencies,'' he said in an interview, ``you must examine how all of this happened.'' Congress needs to determine ``whether new powers are needed or whether there were powers there that were not used.''