August 27, 2007
I noticed an earlier comment referencing Sen. Bennett's address to the US Senate regarding the Depository Trust and Clearing Corporation and the associated abuses by hedge funds and other market makers.
Within the context of that address, the Senator hoped for SEC regulations to stop the naked shorting abuses. If not, he stated the other option would be federal legislation. How embarrassing would it be for a regulatory agency if Congress would have to step in to do their job?