March 3, 2009
Doesn't anyone in the SEC realize that mark to market needs to be suspended and the uptick rule reinstated to end this carnage going on?
Short selling is supposed to be a balancing effect of the markets, not a fear spreading plague, that destroys American companies.
How many people have to have their entire reitrement accounts destroyed before action is taken to stop this?
Reinstate the UPTICK rule now
Suspend mark to market so proper values can be placed on assets