May 4, 2009
Something needs to be done. It is obvious to most that the markets have been manipulated by abusive short sellers. I am not against short selling. In fact, I believe that it is necessary to have a healthy market. When the uptick rule was removed, changed the rules of the game to favor abusive short sellers. The uptick rule was around since the 1930s. Why was it removed to begin with? How much time was wasted to remove a rule that was put in place to protect investors? Now we have all suffered. It is time to make the playing field level again.