May 28, 2009
Please re-instate the uptick rule in the same capacity as it was before being revoked in July 2007. Since then, the degree of capital destruction due to short selling is unbelieveable and intolerable. The sad part is that it is happening again in many financials so it is like we learned nothing and SEC inaction is at the core of the problem. Please do something quickly Taxpayers should not have to recapitalize the banking system to fund the gains of short sellers.