May 5, 2009
Please reinstall the short selling rules that were put in place after the 1929 crash. I appears that your study of short selling took place during a huge bull market and did not reflect the problems that occur during a bear market. Combine this with naked short selling, allowed stocks to be shorted with results that caused failures of companies that would not have taken place had the short rules been in place and enforced.
I appears that there was a belief that a hands off practice with the stock market was best. Unfortunately human greed took advantage of this loophole with very bad affects.
All of will have to pay for this with more taxes and loss of retirement income.
Michael Brown