March 6, 2009
These ultra short, levered, short ETs are a blatant manipulation on the system. Furthermore they do not work properly.
These weapons of financial destruction do nothing but allow manipulatorsí!to cram down entire industry not giving them the chance to breath. They are ruining the markets. Please eliminate these terrible vehicles. I and many other are begging you to. And for god sake modify mark to market and bring back the uptick rule. Give the market a fighting chance.