May 8, 2009
It is apparent the vast relaxing of regulation over 25 years has brought us into this mess we experience today.
1. Uptick adjustments, let's get rid of short selling altogether. Why would I want to own a security that someone else could short??? Please let's have some common sense... and use it...
2. Probably more for the house than the SEC. But, let's regulate in an organixed manner shall we. Re-instate Glass-Steagall entirely. It worked well for 50 years. Why would anyone fix something that wasn't broken... Realize, with the exception of the auto makers the only folks being bailed out are the folks that got us into this mess; banks, insurance, and investment firms. And it looks like they are going to be the ones to profit from it too!!
Please, this is not too hard to figure out...
Regards,
Larry.