May 9, 2009
I think it is fundamentally flawed to have a system that allows people to PROFIT from an American companies demise by way of Short Selling. Allowing a flawed company to naturally implode is one thing - it's a healthy aspect of Capitalism, but Short Selling is an unfair catalyst that can unjustly kill an otherwise healthy company, and thus start a chain of events that kills other otherwise healthy companies.
If the SEC were to create an environment where investors could only profit if a company does well and grows, we would see more companies grow, making our country stronger. Short selling is an embarrassing, ugly outgrowth of Capitalism, and gives the Communists and Socialists ammo to criticize us with.