April 22, 2009
You need to eliminate all short selling.
That's the only way for the system to purge the buy-and-hope crowd.
Imagine had Citi not caught a bid at $1 due to short covering? Citi would've gone to zero and we would've save on all the bail out money we handed over to them.
The world of full of morons that believe in buy-and-hope. Eliminating short selling would help bankrupt them and leave the stock market for hard working speculators like myself.
Case in point, the Chinese market. A ton of middle class useless people in China bought stocks during the boom in that market. The market, lacking the ability to short sell, proceeded to drop 80% and wipe out all these morons. Had China had short selling, the short covering would've placed a bid under the market giving false hope to those morons and falsely allowing them to think they are smart.
Short selling and the ensuing short covering is the best tool that buy-and-hope idiots have. As a Capitalist pig and a Darwinian die-hard I implore you to ban all short selling so that we can thin the herd, cleanse the gene pool and have the best thrive.
Once you have completed this mission I would like to ask a special permission to join Goldman Sachs in the exemption for Naked Short Selling. Naked Short Selling is extremely profitable and I would like part of the action.
Also I would appreciate a special exemption from any leverage restrictions. I find it limiting to day trade with only 4-1 leverage. I would 100-1 leverage and then to match my skills against the GS quants to see if I can best them.
Thirdly, I would appreciate if you allow me to mark my House to Model and then have the Fed buy it. I have a pretty spiffy Model to mark to and that would guarantee me quick riches. Maybe then I can hang out with Paulson and Cheney.
Finally, if I may. I have sustain heavy losses being long during the bear markets that followed the dot com bubble and the sub prime bubble. I would like to enter in contracts with AIG whereby you would pay them shitload of tax payers money and then would in turn funnel the money to myself. I would be very happy to pay myself a bonus on those "profits" if that would make it easier for you to make such decision.
In closing, I very much appreciate your hard work and focus on the real problems that we face today, such as the uptick rule, instead of wasting your time on frivolous issues such as Cheney's role in weakening the dollar and the ensuing oil bubble that enriched all of his terrorist friends.
Kindly yours.