May 5, 2009
As a retiree made so by disability, I have watched my meager savings for retirement reduced by 50%. I believe this whole recession mess has been caused by a relatively small number of rich investors who can afford to play games with our money. With no breaks the worst of greed and criminal actions have nearly ruined the whole world. There should be controls on short sales or abolished for that matter. My mutual fund many years ago stop short selling in its funds. No moving money around every change in the wind. It has stabilized many of their funds. I don't know why the government can't require the same from Wall Street. All of the little people will applaud any controls you can enact. An uptick rule would be helpful. GO get 'em