February 19, 2010
The 4 Golden Rules
1. Immediately, reinstate the Up-Tick Rule.
2. Crack down on naked short selling. Require stock certificate #'s when a short sale needs to be covered, including ETFs.
3. Institute some rules on how the media reports news in order to prevent rumor-boarding. Not censorship just sensibility responsibility.
4. Pass a Wind-Fall Capital Gains Tax of 65% on ALL short sales