May 8, 2009
i remember hearing a story how Joe Kennedy and other alike shorted the stock market and destroyed Wall Street in 1929 when the market crashed. This is why the up-tick rule was implemented. If you want an even playing field let the shorts own the stock the same way i have to purchase the stock if i want to benefit from the stock going up.To say that hedgefund do not naked short that is crazy. If that is true then we should have transparancy in the clearing housed like the DTCC but that information will probably never come out. I believe that monster would be to scary. Imaging i am just a guy from the bronx with never haven't dealth with WAll Street at all i can't even write a letter properly but i do know this the SEC for years has allowed these crooks to get away with NAKED SHORT SELLING and it's time to stop it so that we can begin going after all these hedgefund one by one.Please Shapiro,Khozami do the write thing. We are working with many organization that were destroyed by these criminals and i think if a water down version of the up-tick rule is put out the people and gov't reps like Ted Kaufman and Gary Ackerman will have to act which they promised they would.