May 5, 2009
I am writing to say we still need the uptick rule to be reinstituted by the SEC.. My son worked arduously for Lehman Bros. he is 36 years old..nights and weekends, and his stock equity completely blew up. He worked exactly 5 years.. The market drove the price down to nothing of Lehman just like Bear Stearns.. before it.. Now he works for Barclays and is starting all over again. he rents an apartment, his savings are gone! but it is scary what has happened to the economy. Greed is in the market and the hedge funds also need to be monitored and managed.. Where is the loyalty to our people as a country? instead of a "me comes first attitude" and honesty.. Joe Kennedy had it correct and we need to make sure this crisis does not come back. no naked shorting allowed.. where they buy a stock but do not put up the money for it.. that is gambling.. Sincerely yours, Susan Kipping Attea