July 16, 2008
I strongly support all action to clean up illegal short sales of stock. Productive enterprises have a very hard time raising capital with the current credit crisis. Illegal short sales deny them access to the capital that they need. This is a matter of life and death for many companies.
I also urge you to increase the requirements on brokers who would make available their client's shares for shorting. This practice is against the interest of the clients and should not be permitted without full disclosure, including an explanation of how their own shares are being used to drive down the price of the stock they hold.