October 8, 2008
The Feds are working overtime. Americans are losing trillions in investments. Unfortunately no one is looking at the root of the problems: the fact that SEC apparently loves Shorts judging from the way they have created a lopsided playing filed favoring the Shorts.
The solution to the current crisis is easy:
-- Mandatory Buy-in upon fail-to-deliver at t+3. NO EXCEPTIONS.
-- Bring back some type of uptick rule.
-- Brokers should not be allowed to lend shares without explicit shareholder's approval whether or not shares are held in the margin or cash account.
Instead of throwing trillions away--if the SEC takes above measure we will be out of the woods.
Had SEC adopted these measures earlier:
LEH/Wamu wouldnt have collapsed.
Remember it all started with LEH which was brought down by shorts. Shorts won. SEC failed to protect the shareholders.
Will SEC wake up at least now?
Thank you. Please help the shareholders.