July 16, 2008
When the markets have all tanked and the public is looking for who to blame, the SEC may not be above suspicion. Allowing people to short sell things they have not borrowed may be seen as a key linch pin in destroying our economy.
Reread the French Revolution to see what can easily happen when a lot of people become unhappy! The name of every SEC employee and their responsibilities is known already.
I see that you are allowing the silver etfs to be shorted by people who own no silver. Reviewing the shot that started the second world war should make you more cautious about allowing anyone to bring down a small market, because small things can bring down big things in precarious times..
Touche!! Mike Montross