September 29, 2009
The singular purpose of Short Selling is to provide wealthy individuals, hedge funds, investment banks and vultures with a mechanism for stealing money from pensions and 401ks.
This silliness about providing liquidity is hogwash. Someone borrows shares or not and then sells them. Thats providing liquidity?
All short selling should be prohibited. The general public gains nothing from it and is hurt by the abuses that surround it.
The SEC needs to finally step up and protect our retirement funds from the vultures.
The singular purpose of Short Selling is to provide wealthy individuals, hedge funds, investment banks and vultures with a mechanism for stealing money from pensions and 401ks.
Thank you for giving me the opportunity to comment.