May 11, 2009
Short Selling...great but only on an UPTICK, and NOT a computer generated uptick.
Naked Shorts??...Never. Must be halted immediately...If you cannot borrow AND deliver the stock by settlement you MAY NOT Short it.
Mark-to-market is also BADLY in need of reform as it is being applied. Mark-to-a-conservative model makes a LOT more sense than marking down property which is NOT for sale just because a similar property may be.