March 2, 2009
Are you people listening??? What's going on in the market as a result of short selling (naked shorting and no up tick rule) is much worse that the Madoff scheme. Every day the short sellers are driving down many of the cyclical stocks for no reason at all causing billions of dollars loss to the normal investors all over the country. Only the wild traders doing this who have no ownership in the stocks they are shorting are making money. The up tick rule and the margin requirements must be reinstated immediately. There won't be a market left if the SEC doesn't do something and fast.
Paul Reisdorf, Dunlap Illinois