May 4, 2009
It is wrong for the Sec to give the advantage to short sellers over those who devote their lives and fortunes to build a company. Companys hire employees and short sellers are set up to destroy a company to earn their living.
At the very least it should be a level playing field. If a long must pay within 3 days why should a short get 10 or more days and than a pass if it wasn't conmvienent.
It has to be money flowing to be able to enact this type of rule and to refuse to enforce the rules.