April 22, 2009
Ok you of little common sense. Short selling is not the problem it is the shorting on margin and naked shorts. Anyone remember the depression. What was one of the main causes of the depression besides President Herbert Hoover's high taxes and President Roosevelt's economy damaging protectionist tarrifs, and the resulting reactionist world tarrifs enacted restricting world trade. Anyone know, come on you know they were buying stocks on margin and naked. Same thing applies here no buying shorts on margin you want to short the stock you have to own it. Wake up SEC. The FAS 157 rule has now been restored to some common sense from the insane FAS rule of 2007. Mark to Market FAS 157 in 2007 rule change was one of the major causes along with the uncovered shorts of this recession, and of course the AIG selling totally uncoverd bets in their sub par loan packages insurance. Wake up SEC No short selling on margin. Wake up, kick yourself, then pass no short selling on margin.