July 24, 2008
Isn't it amazing?
Liquidity didn't dry up. The target stocks still trade. The only difference is the shorters no longer have access to the unlimited share printing press and, instead, must play by the same rules the rest of us have to.
Naked shorting is illegal and will destroy this economy if it is allowed to continue.
All it took was a stroke of the pen to stop naked shorting in the 19 protected companies. It was that simple.
Now make the same rule permanent and extend it to all stocks in all markets.
All it takes is a stroke of the pen. It's that simple.
Thank you for your attention.