February 19, 2010
If you are going to implement the uptick rule, we should also put into place the downtick rule. 10% curbs on the upside if you are going to do the same on the downside. Frankly, its not the short sales that effect the market. Its SCARED PEOPLE (SHEEP) who want out at any cost. At times of panic, there are simply no buyers You are chasing the wrong people. Go after Goldman, JPM, BAC, WFC, USB, C, Mellon, STate, 5/3rd. You let them borrow for next to nothing, they invest in the market, make their guaranteed easy profits, and then they return the principal they borrowed. GREAT SCAM Why not let the American people do the same as well. Why don't you manage the bankers and punish and persecute them accordingly. GS JPM. not Obama. The american people hate the bankers in this country. They are the most despised profession in our country. Worse than lawyers now. You chase the wrong people. They make OBAMA look like a dufus.