May 5, 2009
There are two old sayings that I think best fit this arguement:If it isn't broken don't fix it keep it simple, stupid.
The "old" uptick rule(10a-1), worked well for many decades since it was first installed, and was created for a good REASON....to act as a protective shield, a "fire wall" if you will-of economic, market and individual wealth.
Since it was taken away we have seen all of those just mentioned-crushed.
Implementing a new rule or some watered down version of it, would either make it too complicated or not work as well.
Right now, more than ever we need oversight, confidence and stability. Re-instating the "old" rule would be quick, easy, and acomplish all of this.