May 5, 2009
I think the sec should just realize that when the uptick rule was abandoned is when the market started to fall. Bear Stearns and Merrill Lynch was pounced on and brought to their knees. I don't think it is fair to pounce on any one business for personal gain. Just admit a mistake was made and make things right. Bring back the uptick rule and figure out a way to make it work. Also do something about the rules we have in place. A rule has to be enforced to help the average guy. Allowing naked short selling without even borrowing the stock is unacceptable. Stop looking the other way when you know this is happening. Confidence will come back when people start doing the right thing. Thank you for giving my comments some consideration.