May 8, 2009
-The philosopher, George Santayana, famously said that those who cannot learn from the past are doomed to repeat it. You of the SEC completely forgot or completely ignored the past. Your conduct regarding the uptick rule is and was inexcusable. And the Stock Market, many peoples retirement funds, day-to-day investors, the American nation, etc. paid a terrible price because you did not learn from the past.
You need to urgently correct your mistakes. Only a fool uses data where the stock market is rising in a bubble and extracts that information to the future. Your data needs to include downtrends as well as uptrends.