July 26, 2011
Well..I see it as a band aid on a severed appendage.
What you SHOULD have disclosure on is ALL short sales/positions....ESPECIALLY those of market makers.
And you shoud FORCE naked short positions to SETTLE.
Maybe even in 3 DAYS like the rest of us peons....
And you should PROHIBIT settlement of short positions by transactions that CREATE another short position for another market maker/entity.
But that would crash the entire system wouldn't it....
IF you'd only enforce trade settlement......is that too much to ask for???????