July 17, 2008
Dear Sirs:
If the SEC, the FED, Paulson, Bernanke, the government in general wants to stop or limit selling short on the big "banks" ( the Financials ) my question is WHY? You keep telling us that they are in sound shape. IF they are, shorting them won't hurt anyone but the entity or party doing the shorting!
Secondly, why just the "BANKS"? I thought it was illegal to "naked short" ANY stock. You allow naked short selling in a whole host of other things like, for instance, gold mining stocks.
The whole thing STINKS to high heaven! And I think that you know it! I pray GOD almighty that the public will soon know it ,too!
Sincerly, Allan P. Baranoff