April 18, 2009
The avereage American Citizen does not benefit from short-selling. In fact, pensionfunds may be negatively affected.
My preferences are as follows
1. Prohibit short sales totally in US markets.
2. If US firms engage in short sales in foreign markets,
profits should be taxed at 80%. Firms and/or individ-
uals found in violation of the tax regulation will
face jail-time not less than ten years per
transaction. Foreign individuals will be
deported for life.