May 13, 2009
Any measure in a free market (in this case, the lack thereof) that creates the possiblity of a virtual (and artifical) unlimited supply of stock for sale presents a method by which motivated and funded groups can manipulate and/or control the price of something downward. The basic fundamentals of a truly free market don't exist in this case. It is unfathomable that this rule was ever changed that the people in power did not have the foresight to see this eventuality. There is no arguement that refutes the above - none. This means that whomever discarded this rule is either completely naive, or motivated by greed.
Let me know if there are any questions.