October 9, 2008
1 - The SEC should enact a PERMANENT ban on ALL short selling in US markets
2- The SEC should enact a PERMANENT ban on sale of all stock market put options
3 - The SEC should PERMANENTLY halt trading in all short and ultrashort stock market ETFs
4 - The SEC should institute these changes immediately without any further warning for maximum impact
5 - The SEC should go to the US government and request mandatory reporting of short selling activity in foreign markets and application of economic sanctions upon countries where significant abuses continue
6 - (NEW) The SEC should ban mark-to-market accounting for instruments for which there is no orderly market
It is high time to declare war on -- and financially ruin -- those -- who through abusive short selling in all its nefarious guises -- are ruining the US economy for their own private gain.