March 9, 2009


WHY has the sec chosen to maintain the demise of the up tick rules which have in the past given such calmness to the markets and prevented the gaming of the markets by Hedge funds and others to the detriment of stock owners and Companies, especially the banks?

That concept was started by the Bush Administration and at first continued by current administration. It's cancellation reflexes badly on the Administration and the SEC.

It prevents very negative situations and the demise makes the current Administration look very bad and has a deleterious effect on any future hopes for a second term.